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Technical Analysis Fallacy

  • #14,021
  • Mar 21, 2010 8:59am Mar 21, 2010 8:59am
Warning.
I suspect that the vote in US congress might affect E/U.
Time to wait and see tonight.
Hold tight
Empty as water and soft as a facing wind mountain
  • #14,022
  • Mar 21, 2010 9:06am Mar 21, 2010 9:06am
Quoting luSan
Warning.
I suspect that the vote in US congress might affect E/U.
Time to wait and see tonight.
Hold tight
Hey luSan, do you think the E/U will be hit because of the revolution that starts after they pass this unconstitutional bill? This thing is not over even if it passes. The struggle continues.
  • #14,023
  • Mar 21, 2010 10:16am Mar 21, 2010 10:16am
Quoting luSan
Warning.
I suspect that the vote in US congress might affect E/U.
Time to wait and see tonight.
Hold tight
I was thinking the exact same thing.
staying nimble,should be interesting..
  • #14,024
  • Mar 21, 2010 10:52am Mar 21, 2010 10:52am
... heard someone German mark ll ?!?
  • #14,025
  • Mar 21, 2010 11:53am Mar 21, 2010 11:53am
Quoting GEfx
Hey luSan, do you think the E/U will be hit because of the revolution that starts after they pass this unconstitutional bill? This thing is not over even if it passes. The struggle continues.
I have no idea. But the show could be messy.
Empty as water and soft as a facing wind mountain
  • #14,026
  • Mar 21, 2010 12:17pm Mar 21, 2010 12:17pm
Quoting fti
Apologies
-no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets.
-"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.

regards
With many lessons taught in our workbook we will continue the attempts to apply what is comprehended.
We've all benefited thus far by the lessons learned to whatever degree one has been able to reach, and are better equiped for progress because of them.

Thankyou,
till we meet again,
Lary
  • #14,027
  • Edited Mar 22, 2010 9:44am Mar 21, 2010 12:38pm | Edited Mar 22, 2010 9:44am
e/u acts like she wants to continue south.
areas of extra intrest looking at a weekly chart.
3786
3594-3632
3402

monday daily
3611
3560
3453
  • #14,028
  • Mar 22, 2010 4:40am Mar 22, 2010 4:40am
Good Morning all! Possible fireworks on E/U soon?



http://www.zerohedge.com/article/dol...ng-eurusd-reco
  • #14,029
  • Mar 22, 2010 4:58am Mar 22, 2010 4:58am
Quoting btr5596
Good Morning all! Possible fireworks on E/U soon?



http://www.zerohedge.com/article/dol...ng-eurusd-reco
Hello btr5596

It is dangerous to give some meaning to such news...
Who is that guy who has written it? Why does he say, that it go down...?
regards
  • #14,030
  • Mar 22, 2010 5:55am Mar 22, 2010 5:55am
Personally, I'm happy the health care bill passed. Now the poor can get some health cover that would otherwise be unavailable to them.
  • #14,031
  • Mar 22, 2010 6:03am Mar 22, 2010 6:03am
Holy cow, the EUR is being destroyed today again! No wonder conspiracy theories are all over the web these days...
  • #14,032
  • Mar 22, 2010 6:18am Mar 22, 2010 6:18am
Quoting Setebos
Holy cow, the EUR is being destroyed today again! No wonder conspiracy theories are all over the web these days...
I think the point here is that the EU may not be able to manage its own problems (ie: Greece). Consider the idea of asking the IMF for help, and you can see why the stature of the Euro may be hit. I think there will be little or no talk of the Euro being a reserve currency to replace the dollar.

As for health care in the US, we will start repealing this law when the congress changes hands in November. These socialist b******ds will feel the will of the people soon. As you might guess, its a touchy subject with me - lol.

In the E/J at 122.29 and really enjoying this ride.
  • #14,033
  • Mar 22, 2010 8:51am Mar 22, 2010 8:51am
Quoting GEfx
As for health care in the US, we will start repealing this law when the congress changes hands in November. These socialist b******ds will feel the will of the people soon. As you might guess, its a touchy subject with me - lol.
Touchy indeed! I think it's going through regardless but give it some time as I'm sure most US citizens will warm up to the idea. The UK, Australia, Canada all have the system in place and we don't hear any complaints from them.
  • #14,034
  • Mar 22, 2010 9:19am Mar 22, 2010 9:19am
eyes open e/u 3560
  • #14,035
  • Mar 22, 2010 9:31am Mar 22, 2010 9:31am
Quoting Zoran
Touchy indeed! I think it's going through regardless but give it some time as I'm sure most US citizens will warm up to the idea. The UK, Australia, Canada all have the system in place and we don't hear any complaints from them.
Hi Zoran, hope you are well and trading the same. Take care and sorry for the emotional outburst. Many in the US are very angry now, so I am in good company today.
  • #14,036
  • Edited 9:49am Mar 22, 2010 9:35am | Edited 9:49am
scaled back, eyes open e/u 3560 area.
monday
3611
3560
3453-59
  • #14,037
  • Edited 10:53am Mar 22, 2010 10:28am | Edited 10:53am
Quoting Zoran
Personally, I'm happy the health care bill passed. Now the poor can get some health cover that would otherwise be unavailable to them.
My understanding is they have medicad, s-chip, for family and kids along with medicare for elderly now in place and the government has about bankrupt them both.
Im not going to judge them by their track record of the way they handle social security which now has more going out than coming in or the even the post office.
Why? maybe because of the 1,600 IRS agents hired as part of the bill to make sure this floats !!!
  • #14,038
  • Mar 22, 2010 11:55am Mar 22, 2010 11:55am
Quoting GEfx
I think the point here is that the EU may not be able to manage its own problems (ie: Greece). Consider the idea of asking the IMF for help, and you can see why the stature of the Euro may be hit. I think there will be little or no talk of the Euro being a reserve currency to replace the dollar.

.....
Keeping the chat alive I think Greece is not really that much of a problem - what's happening now is speculations being exploited. Think of it - Greece provides very tiny part of the EU economy so practically the EU will not suffer should they decide to guarantee and eventually provide the bailout. However Germany, being more or less a leader in the EU refuses to give strict answer which basically leads to EUR being left to the wolves.
Well, we all know Germany is a huge exporter - week EUR is actually good for them. On the other hand it's not a secret that German taxpayers are not excited by the opportunity to pay for Greece's forgery and crazy spending so by playing this game Merkel is securing not just better economic conditions but also a massive rating boost on the inside.
Maybe MaMood will be able to give some insider info when he comes around
  • #14,039
  • Mar 22, 2010 12:23pm Mar 22, 2010 12:23pm
Quoting lilpip
My understanding is they have medicad, s-chip, for family and kids along with medicare for elderly now in place and the government has about bankrupt them both.
Im not going to judge them by their track record of the way they handle social security which now has more going out than coming in or the even the post office.
Why? maybe because of the 1,600 IRS agents hired as part of the bill to make sure this floats !!!
Hi lilpip,
That is 16,000 IRS agents being hired!
  • #14,040
  • Mar 22, 2010 12:31pm Mar 22, 2010 12:31pm
Quoting Setebos
Keeping the chat alive I think Greece is not really that much of a problem - what's happening now is speculations being exploited. Think of it - Greece provides very tiny part of the EU economy so practically the EU will not suffer should they decide to guarantee and eventually provide the bailout. However Germany, being more or less a leader in the EU refuses to give strict answer which basically leads to EUR being left to the wolves.
Well, we all know Germany is a huge exporter - week EUR is actually good for them. On the other hand it's not...
Hi Setebos,
just to keep this going, I agree that Greece is not a big deal in terms of its significance to the total EU economy. I think that is part of the problem: if the EU can't tackle little problems like Greece, how will it handle bigger ones like Spain? Before this situation developed, there was a lot of talk about Euro displacing the US as a reserve currency. This situation underscores the weakness of the EU concept, and brings into question the proper role of the Euro, along with its ability to manage critical economic problems. Just a thought.
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