I been sitting out of EU or the last week or so. Going to wait for next year on this pair, although shorting for next year is looking better and better every day.
- #176,564
- Dec 30, 2009 9:17pm Dec 30, 2009 9:17pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
your wave counts maybe off
from 0.8 to 1.6000 we had a very clear 5 wave structure
the interesting thing , and only time will tell if this plays out. Is we have the mother of wave 1 and 2 formations and we are just starting wave 3 with min target 1.2300 , but more liekly 161.8 fe at 0.928
wave 1 and 2 are massive ....I hate to say where wave 5 could end , but someone did mention the death of the euro , or close enough at 0.5
This is my New Years present to you all ....
I know i will hear this will never happne ... but if as I have assumed those big moves in 2007 to 2009 are wave 1 and 2 , wave 3 , 4 and 5 are going to be MASSIVE
from 0.8 to 1.6000 we had a very clear 5 wave structure
the interesting thing , and only time will tell if this plays out. Is we have the mother of wave 1 and 2 formations and we are just starting wave 3 with min target 1.2300 , but more liekly 161.8 fe at 0.928
wave 1 and 2 are massive ....I hate to say where wave 5 could end , but someone did mention the death of the euro , or close enough at 0.5
This is my New Years present to you all ....
I know i will hear this will never happne ... but if as I have assumed those big moves in 2007 to 2009 are wave 1 and 2 , wave 3 , 4 and 5 are going to be MASSIVE
Looking at the longer term charts, I am beginning to feel sort of bullish about EURUSD.
To me this could be the beginning of a big wave 5 up on the monthly? A healthy retracement was to be expected, you can't go up in a straight line forever, and certain indicators seem to agree the '08 crash was all just one big retest of 1.265.
In the shorter term, without a weekly close above 14485 I remain neutral-bearish with an eye to target 14183.
Daily closes above 14337 put us on a retracement roadmap towards 14680.
In the very very short term I can...
Blogging daily now at www.volume.zone
- #176,565
- Dec 30, 2009 9:23pm Dec 30, 2009 9:23pm
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
One more that really left me gasping in the gutter a couple of days ago, was Geithner announcing the "New Fed solution" to stave off inflation. The are going to bleed off the "excess liquidity" (Not that I've seen any), by allowing the banks to place CD's with the fed???
So essentially what happens, is that the government loaned/gave money to the banks at zero interest to stimulate the economy. The banks don't feel inclined to lend this money to Joe Public at 3-4%, so instead, they will lend it back to the Fed. This is going to solve the liquidity problem??? But without a doubt, it does keep down domestic inflation. When the only way to buy groceries is with a 20% interest credit card, they may as well credit themselves with curing the obesity epidemic as well...
So essentially what happens, is that the government loaned/gave money to the banks at zero interest to stimulate the economy. The banks don't feel inclined to lend this money to Joe Public at 3-4%, so instead, they will lend it back to the Fed. This is going to solve the liquidity problem??? But without a doubt, it does keep down domestic inflation. When the only way to buy groceries is with a 20% interest credit card, they may as well credit themselves with curing the obesity epidemic as well...
#1) I don't hate anybody or anything, I just trying to make a point.
On Avatar you see a big Goldman "Sucks" mafia Eye looking through
a brick pyramid, (bricks associated with regular people). Basically
that means: "We going to screw you and make money, even on your bones"
As for 14% inflation, if you think it's too high, you seen nothing yet..
It's all coming our way, as printing press working harder and harder everyday
to satisfy US Congress spending mania.. Actually FEDs are more scared of
deflation, rather than Inflation,...
Ah Luv the smell of a good prediction in the mornin! 
- #176,569
- Dec 30, 2009 9:48pm Dec 30, 2009 9:48pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #176,571
- Dec 30, 2009 9:52pm Dec 30, 2009 9:52pm
- Joined Oct 2008 | Status: sideline is a position | 105,187 Posts
those who can, do. those who cant, talk about those who can
- #176,572
- Dec 30, 2009 9:55pm Dec 30, 2009 9:55pm
- Joined Oct 2008 | Status: sideline is a position | 105,187 Posts
those who can, do. those who cant, talk about those who can
- #176,574
- Dec 30, 2009 10:05pm Dec 30, 2009 10:05pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
member less then 3 hours? bold...i like that.. i would give you the classic mule speech.. and will if you hang around more then a month..
Gator "Lucky you started so young! Plenty of time to get experience now."
The Thief of Wall Street
with funny money, Gator..
There aren't even any bands, never mind bundles. The presses are probably cold to the touch. The result is the same however. 18 months and counting to 20% interest rates, in a shitty economy. And we tighten the screw another turn... I'm getting to old to worry about this crap any more, but for the past 40 years I've watched it, nearly year by year, the people get poorer. And the leaches get fatter. The temporary low interest rates are just a cheap way of keeping the houses occupied and maintained...
I'm not religious, but I always thought that the Ten Commandments and all that stuff was just based on natural laws...eg. that morality made sense and allowed civilization to function. If I was right about that, we cannot be very far from a total collapse.
In the meanwhile and back on topic, I really don't see the Euro down much more than this. I see signs that E/G will rebound out of today's action, and we will probably see parity before long.
There aren't even any bands, never mind bundles. The presses are probably cold to the touch. The result is the same however. 18 months and counting to 20% interest rates, in a shitty economy. And we tighten the screw another turn... I'm getting to old to worry about this crap any more, but for the past 40 years I've watched it, nearly year by year, the people get poorer. And the leaches get fatter. The temporary low interest rates are just a cheap way of keeping the houses occupied and maintained...I'm not religious, but I always thought that the Ten Commandments and all that stuff was just based on natural laws...eg. that morality made sense and allowed civilization to function. If I was right about that, we cannot be very far from a total collapse.
In the meanwhile and back on topic, I really don't see the Euro down much more than this. I see signs that E/G will rebound out of today's action, and we will probably see parity before long.
yes and it keeps usd out of general circulation..the best of both worlds ... it tightens liquidity but allows low interest on home ownership. with the right paperwork. a rate hike without a rate hike. money tightens but rate remains for a little while. but bond rates are inching up. so any possitive employment news in u.s. benifits usd. employment has to go up in u.s. to create euro demand a couple of years down the road. banks arent lending, so liquidity tightens. on the other hand less demand from qualified borowers... the strings are being pulled...
Ah Luv the smell of a good prediction in the mornin!
- #176,579
- Dec 30, 2009 10:37pm Dec 30, 2009 10:37pm
- Joined Oct 2008 | Status: sideline is a position | 105,187 Posts
with funny money, Gator..
I'm not religious,...
those who can, do. those who cant, talk about those who can