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  • #179,201
  • Edited 11:17pm Jan 9, 2010 10:56pm | Edited 11:17pm
Quoting nawafasad1
very nice analysis fonto . i just want to put here few thoughts . wave 4 to finish at 1.45 area to go down to form wave5 . wave 4 is abc correction . wave c of 4 is in action to get to 1.45 area
Thanks , painting -repainting charts continue ,expanding triangle tried turn diamond> diamond aborted to try expanding triangle again but failed & now symmetrical triangle/wedge as most time a dimond failure took shape.

Actaully wave4 can take any length against wave 3 till to the top but bull so far failed everytime even to a respectable level, price perhaps at point of no return with strong bear in nature ( not due USD strong but others failure & cycle is too matured to proceed for next move) & hence this spike up may not last long. well said 1.45 , may be 1.4625 also ok .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #179,202
  • Jan 9, 2010 11:23pm Jan 9, 2010 11:23pm
Quoting fontu
....painting -repainting .....bull so far failed everytime even to a respectable level....
Me was on vacation. Show me some more red and see what I do!!
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The Thief of Wall Street
  • #179,203
  • Edited 11:47pm Jan 9, 2010 11:35pm | Edited 11:47pm
Quoting Chicky
I thought they were planning to print some major foreign currencies in the US printing press, ..................
I do not think why they need them. maitaining low rate & gold all time higher , may be much higher than before (5000$ !),they will have the licence to print as much $ as they wants to .Cheap currency will circulate thoughout the world with ease , a 1$ coke will sell for 5 $ /5 eur ,salary to raise 5 fold again to cope with market ,house rent /land rose same 5 fold eu at 1.0, who will suffer next ? $? I do not think but rest of the world & very big bubble will again form.
No clearer idea about the economy but simply a general one.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #179,204
  • Jan 10, 2010 12:41am Jan 10, 2010 12:41am
Check My Chart.
All Explanations is on the chart
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  • #179,205
  • Jan 10, 2010 1:37am Jan 10, 2010 1:37am
Quoting Kambooj
Check My Chart.
All Explanations is on the chart
Thanks for the analysis , if price can overcome the sell off daily chart successfully ( break up & hold , not a spike ) can go through many sr levels as seen in another chart .lets see what actually happen.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #179,206
  • Jan 10, 2010 1:44am Jan 10, 2010 1:44am
Quoting fontu
I do not think why they need them. maitaining low rate & gold all time higher , may be much higher than before (5000$ !),they will have the licence to print as much $ as they wants to .Cheap currency will circulate thoughout the world with ease , a 1$ coke will sell for 5 $ /5 eur ,salary to raise 5 fold again to cope with market ,house rent /land rose same 5 fold eu at 1.0, who will suffer next ? $? I do not think but rest of the world & very big bubble will again form.
No clearer idea about the economy but simply a general one.
fontu
Go to a nearby supermarket or store dealing in consumer items, take an invoice and analyze to see % of sales tax, incometax, merchant banks' commission, seamless' comission and charges, gratuity, insurance, financial charges, etc. than add all aviodable or atleast "reduceable" costs like brand royalties / franchise, over packaging, shipping, overhead incurred on fancy displays / promotion, property taxes, costs of inspections / licenses, etc. then add cost of shipping these items across half the globe then add cost of quality / penalty to capture competitive market share (probably cost of dumping too). Consumers market is tough.
The Thief of Wall Street
  • #179,207
  • Jan 10, 2010 3:18am Jan 10, 2010 3:18am
Quoting Chicky
Go to a nearby supermarket or store dealing in consumer items, take an invoice and analyze to see % of sales tax, incometax, merchant banks' commission, seamless' comission and charges, gratuity, insurance, financial charges, etc. than add all aviodable or atleast "reduceable" costs like brand royalties / franchise, over packaging, shipping, overhead incurred on fancy displays / promotion, property taxes, costs of inspections / licenses, etc. then add cost of shipping these items across half the globe then add cost of quality / penalty to capture...
Thanks chicky about consumar market details , just as consumar what see in my area are :
Out of last 18years first 15 years I hardly saw price of the products or services change but last 3 years they did greatly.a 100baizas coke can now 150 baizas , my house rent jumps from 65r.O. to 200 r.o. , a land of 60,000 R.O. now over 150,000 R.O , a 8r.o. rice bag now over 25R.O. likewise every service /taxes changes too, even salaries also increased at the same rates. that is money devalued perhaps inversely with Gold .consumar in the market shrinked ? not at all but there will be a limit going like this .EU at 1 or below & gold at an extreme high can trigger the firing level.

Hope things will change with very hard time coming in future .Gold will need confestication or withdrawn from it's standard & everything to be recycled down.

may all lame excuse .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #179,208
  • Jan 10, 2010 4:49am Jan 10, 2010 4:49am
Well I'll post my view now.

Since Asia did not get a piece of the disappointment pie and neither did Europe to the fullest, additionally all of that was during a friday, so the movers were a bit more conservative, I am guessing that EURUSD will drop down to 1,4350, not lower.

Since we have a breakout of the triangle (due to my chart), I am also considering opening new longs @4400; @4377 and @4357. S/L @1,4310 or @4300, depending on the movement.

Targets - 1,4530 for now, when above 1,4450, move SL a few pips above entry prices for all positions, except for positions opened above 1,4400 which will be exited @1,4480 and re-entered at retracement. Of course those will present the smallest (~10%) part of the long position.

We might be in for a surprise anyway, but since the expectation for FED to raise rates has been thwarted, I do believe that EUR will gain again due to the fact that it pays out higher interest and that ECB can not afford right now to lower rates without causing widespread panic on the global scale.

Those are my thoughts and my plan for this week.
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Greed and impatience are our greatest enemies.
  • #179,209
  • Jan 10, 2010 5:42am Jan 10, 2010 5:42am
i agree with you. short from 1.45 next week

Quoting nawafasad1
this chart shows what i m basing the thoughts on pls if any one has any comments just forward them good or bad i can take them
  • #179,210
  • Jan 10, 2010 8:07am Jan 10, 2010 8:07am
Some thoughts from Kitco:

"The US government hands banks’ almost free credit and then pays them the interest using the same funds. These banks are free to run recklessly with ironclad returns, not lend or be real bankers and, skim the bonus cream while backstop funding taxpayers are screwed three different ways. We have never seen such open animosity within the U.S. congress and our two major political parties. They are openly fighting, lying, and deceiving. They are issuing false statements and attacks upon each other to the extent the people’s serious business both domestic and foreign has been relegated to the back burner."


"The United States of America is bankrupt and the only way the game stays in play is to print money, lie about the amount of debt, play sleight-of hand with tax revenues and produce billions in new bills, notes, and bonds produced out of thin air each and every month. Foreign purchasers of our national debt paper are tired of it and now clearly recognize that their plans to escape must be accelerated. If not, they will be stiffed when all this junky stuff slides toward zero. This is why when nearly 200 tons of gold came on the market India snapped it up with a fast purchase beating China and other buyers to this opportunity. India paid a comparatively high price and was very happy to do so. We would suggest that any other similar chance to buy would result in the identical quick purchase."
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #179,211
  • Jan 10, 2010 8:32am Jan 10, 2010 8:32am
Kitco sells gold. Hardly an unbiased opinion.
  • #179,212
  • Jan 10, 2010 9:07am Jan 10, 2010 9:07am
From Jan,11.>EUR/USD<options will reduce by ~29% of all opened lots (CALLSUTS=46:52) and by ~28% of all premium values (CALLSUTS=4:96)


From Dec,7.>EUR/USD< volatility may grow. Range1 SUP:1.40, RES:1.53


From Jan.11,2010.>EUR/USD<.FORECAST. Call-Put ratio=49:51.Strikes decreasing by lots volumes RES:1.700, 1.500, 1.550. SUP:1.220, 1.300, 1.400
  • #179,213
  • Jan 10, 2010 9:11am Jan 10, 2010 9:11am
http://www.dailymarkets.com/economy/...obs-in-the-us/
  • #179,214
  • Jan 10, 2010 9:26am Jan 10, 2010 9:26am
Quoting nvcK
Kitco sells gold. Hardly an unbiased opinion.
It's very different opinions out there. If you like USD perhaps you can

read J. Nadler daily GOLD bashing instead.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #179,215
  • Jan 10, 2010 2:41pm Jan 10, 2010 2:41pm
On OandA we're seeing a nice little spike.
  • #179,216
  • Jan 10, 2010 2:45pm Jan 10, 2010 2:45pm
hello all , what is showing you on market close friday ? i have 1.4416
  • #179,217
  • Jan 10, 2010 2:54pm Jan 10, 2010 2:54pm
Quoting GulfCoastPip
On OandA we're seeing a nice little spike.
.4435 right @ trendline
  • #179,218
  • Jan 10, 2010 2:54pm Jan 10, 2010 2:54pm
Check out my chart on the posting of previous page (Posting #179218)
Summary is buy at 4380-4390 zone. We should seee a advance towards 4500
  • #179,219
  • Jan 10, 2010 2:54pm Jan 10, 2010 2:54pm
Quoting balance
hello all , what is showing you on market close friday ? i have 1.4416
1.44090 @ FxPro
  • #179,220
  • Jan 10, 2010 2:59pm Jan 10, 2010 2:59pm
hi there malcolmb14
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