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  • #146,901
  • Sep 27, 2009 8:13am Sep 27, 2009 8:13am
Quoting Patience
Oh dear. I've worked in a building company for about 9 years or so and all the time that I've worked here the blokes that work for us - chippies, electricians, plumbers etc all live hand to mouth. They are desperate for their cheque each and every week. Through the good and bad times of the economy here in the UK, their situation never changed.

The save for a rainy day idiom was lost somewhere along the way.
Sometime tells me the rain isn't going anywhere for quite some time.

Like living in Seattle.

Mike
  • #146,902
  • Sep 27, 2009 8:47am Sep 27, 2009 8:47am
stress test results of europe bank may open up the whole scene to a whole lot more stuff

  • #146,903
  • Sep 27, 2009 8:48am Sep 27, 2009 8:48am
Quoting Atlast
Europe to Release Some Bank Stress Test Results
Published: Saturday, 26 Sep 2009 | 6:42 AM ET Text Size
By: Matthew Saltmarsh
The New York Times
"Twenty-two large banks in Europe may have accumulated credit losses of close to €400 billion for this year and next, according to officials who have seen a draft of conclusions of “stress tests” conducted by European regulators."
Just seen this article on Reuters. They seem to have a slightly different opinion on this.

"The report is very positive. The European banking sector is definitely not in danger, the results are better than most people have anticipated, I would say," one source close to the preparation of the ministers' meeting said.

"In terms of the stability of the system -- that's what was being tested -- how the banks would hold up if there was a further deterioration of economic conditions, the result was that they would clearly face up well to another deterioration of circumstances," the source said.

http://www.reuters.com/article/marke...60792820090925

And a more recent article http://www.reuters.com/article/ousiv...58P0ZG20090926

I guess the market will let us know what it thinks about all of this.
Nothing worth having is easy.
  • #146,904
  • Sep 27, 2009 9:03am Sep 27, 2009 9:03am
Quoting acumen
more good news about the recovery.

http://www.msnbc.msn.com/id/33041366...new_york_times

And more

http://news.aol.com/article/early-re...ecurity/689159
Nothing worth having is easy.
  • #146,905
  • Sep 27, 2009 9:04am Sep 27, 2009 9:04am
Quoting Patience
And more

http://news.aol.com/article/early-re...ecurity/689159
what are u trying to show us ?
  • #146,906
  • Sep 27, 2009 9:09am Sep 27, 2009 9:09am
Quoting Alihuzaifa
what are u trying to show us ?
Buy gold
Nothing worth having is easy.
  • #146,907
  • Sep 27, 2009 9:12am Sep 27, 2009 9:12am
Quoting Patience
Buy gold
now thats clear thank god i didnt wasted time to read those lengthy reports
  • #146,908
  • Sep 27, 2009 9:13am Sep 27, 2009 9:13am
Quoting Alihuzaifa
what are u trying to show us ?
positive news!
  • #146,909
  • Sep 27, 2009 9:16am Sep 27, 2009 9:16am
Quoting Alihuzaifa
now thats clear thank god i didnt wasted time to read those lengthy reports
Ali, increasing your knowledge is never a waste of time :nerd:
Nothing worth having is easy.
  • #146,910
  • Sep 27, 2009 9:47am Sep 27, 2009 9:47am
He's trying to show us that he's long and hoping for a miracle...


[

quote=Alihuzaifa;3095958]what are u trying to show us ?[/quote]
In Charts We Trust!
  • #146,911
  • Sep 27, 2009 9:49am Sep 27, 2009 9:49am
What you think may happen is spot on....


Quoting ThePipsMaker
What I think may happen for the week. Comments are welcome as we're all learning. The full gamut is on my blog if anyone is interested.

Trade safe for the week, guys
In Charts We Trust!
  • #146,912
  • Sep 27, 2009 9:50am Sep 27, 2009 9:50am
She called long about 167 pips ago and over sized her positions and is probably waiting on her wounds to heal? Shrug..

Quoting CzechTrade
does anybody know what exactly happen to hasna? i heard something that she was banned etc.. but i wonder why?
In Charts We Trust!
  • #146,913
  • Sep 27, 2009 9:52am Sep 27, 2009 9:52am
That's because everyone's probably trading the opposite way and losing, and thus, your charts probably dim the light of hope for the one's that are contrarian to your positions...and well, they probably don't wanna hear it hehe...post some charts, you have my attention....but only if you're short



Quoting mfoste1
you know what really grinds my gears? people never say anything about my charts or ideas. You guys just ignore all of them. My trades are very profitable. go back and look at them. but whatever
In Charts We Trust!
  • #146,914
  • Sep 27, 2009 9:54am Sep 27, 2009 9:54am
That's like asking Whataburger what they think of McDonald's...

Quoting Patience
Did you catch this?

HSBC bids farewell to dollar supremacy
By Ambrose Evans-Pritchard
Published: 7:14PM BST 20 Sep 2009

The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.

"The dollar...
In Charts We Trust!
  • #146,915
  • Sep 27, 2009 9:59am Sep 27, 2009 9:59am
Quoting fontu
what are counts you think ok here ?
fontu
Not sure what u mean by counts and I'm not an EW expert but I think this is wave 5.

Not sure if it'll carry on up tho.

Just read some other posts on here predicting a massive fall - take your pick.
  • #146,916
  • Sep 27, 2009 10:03am Sep 27, 2009 10:03am
I believe we're in Wave C

Quoting stewrigh
Not sure what u mean by counts and I'm not an EW expert but I think this is wave 5.

Not sure if it'll carry on up tho.

Just read some other posts on here predicting a massive fall - take your pick.
In Charts We Trust!
  • #146,917
  • Sep 27, 2009 10:10am Sep 27, 2009 10:10am
Quoting X.Oden
I believe we're in Wave C
Told you I wasn't an expert.

I thought there were 5 wave counts and this is 5.
  • #146,918
  • Sep 27, 2009 10:19am Sep 27, 2009 10:19am
Well you're correct, there are 5 wave structures followed by 3 corrective wave structures....a, b and c...

Quoting stewrigh
Told you I wasn't an expert.

I thought there were 5 wave counts and this is 5.
In Charts We Trust!
  • #146,919
  • Sep 27, 2009 10:22am Sep 27, 2009 10:22am
Euro/USD Commentary and Analysis

Addressing the UN, Iranian President Ahmadinejad assured the General Assembly that Iran's nuclear development is for medical and other peaceful purposes. The development of long range missiles with nuclear war heads has no correlation with their continued assertion that Israel will be destroyed, UN members were to conclude. So what if there is a surprise second nuclear enrichment plant, this will only hasten the day when the freaks and fools meeting at Turtle Bay on the east side of Manhattan think they will no longer have to deal with people like Bibi Netanyahu.

Moving 400 miles west to Pittsburgh, we have another group of global leaders working on a plan to prevent further painful contractions in the business cycle. As we all know the bankers are the problem, so the first thing President Obama and friends need to institute is the supervision of bankers salaries and bonuses. Yes taking the highs out of the business cycle is the answer. That way loans and projects are not started and bonuses are not paid, and we all get to suffer in the low part of the business cycles. Unless, of course, your name is Al Gore, one of the many friends and patrons of President Obama. A 529M government loan was made to Fisker Automotive to build upscale environmentally friendly cars to a company partially owned by a company that Gore owns an interest. Naturally this company donated 2.2 million last year to Obama and friends, according to the Wall Street Journal, and the loan was approved by the President Obama's Secretary of Wind Mills and Green Cars, Steven Chu. This is how the new capitalism works, start up money from the public coffers to friends of the administration.

These are our leaders, and their issues. With indifference, incompetence, arrogance and corruption so openly on display, you really wonder which will be the last currency standing. The speculators choice recently had been anything but the dollar, and he is still a big time short. We have some evidence, though, that the bull move is stalling, perhaps ending.
  • #146,920
  • Sep 27, 2009 10:22am Sep 27, 2009 10:22am
hi all.. the wave theory, how often does it play out accurately ?

50%?
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