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  • #214,601
  • Mar 22, 2010 8:33pm Mar 22, 2010 8:33pm
Quoting gatorinla
get a clue,

the reason is their currency doesnt float comparible to u.s. an unfair trade prectice. it means no matter what, their products are cheaper. compared to u.s products. its a goverment subsidised currency. they have goverment subsidised fuel and electricity to make products. u.s. free markets or anyone on the globe cant compete with china's subsidised markets. no company can compete against china. they manipulate their currency. on a even playing field u.s. will compete. i would take a u.s. or german product over anything china makes...
It doesn't matter when it has no anything with EU or any other rates. Speculators took over the market and they shake it as they want.As I already told. If you want to win play competitors game, so everyone here has to adopt them and trade like them. I realised that a while ago and now I am making a good profit on the market.

China knows that their currency could be manipulated by Wall Street speculators so they are affraid of UK scenario back in 1993. if my memory is good.
  • #214,602
  • Mar 22, 2010 8:34pm Mar 22, 2010 8:34pm
Quoting gatorinla
*LMFAO* where is Pt when you need him? one born every minute.
Pt?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,603
  • Mar 22, 2010 8:39pm Mar 22, 2010 8:39pm
Quoting realjumper
Pt?
http://en.wikipedia.org/wiki/P._T._Barnum
those who can, do. those who cant, talk about those who can
  • #214,604
  • Mar 22, 2010 8:44pm Mar 22, 2010 8:44pm
Quoting gatorinla
http://en.wikipedia.org/wiki/P._T._Barnum
uh huh...ok....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,605
  • Mar 22, 2010 8:52pm Mar 22, 2010 8:52pm
Lockhart says the US has a privileged position as the world reserve currency but it shouldn't view the privilege as permanent. He says he doesn't expect China to say it is satiated and stop buying US Treasuries. For those fearful that China will stop buying Treasuries (or other dollar-denominated assets, it doesn't matter what...), get a grip. As long as they buy dollars to weaken the Yuan they will have to invest those dollars somewhere...
http://www.forexlive.com

But the question is what would happen when china starts selling treasuries?
US dollars flood, and complete depretiation of dollar. US future lies in the hands of small radocholic chineese.
  • #214,606
  • Mar 22, 2010 8:56pm Mar 22, 2010 8:56pm
Quoting realjumper
uh huh...ok....
It is becoming likely that Greece will not feature much in the EU Summit at the end of the week after German Chancellor Merkel said that as the Greeks have not asked for money there is no necessity to to discuss financial aid for the beleaguered nation. With current polls showing that Chancellor Merkel's coalition will lose the state election in North Rhine Westphalia, any financial assistance from Germany is out of the question with the Chancellor looking to the IMF as an option. With Greece having to finance around Eur20 bln of debt in April and May and with the clock ticking away, the [EUR/USD] will face increasing downward pressure from market players that are growing increasingly impatient with the impasse. Thus a challenge of the 2010 low of 1.3429 appears likely over coming days.
those who can, do. those who cant, talk about those who can
  • #214,607
  • Mar 22, 2010 8:57pm Mar 22, 2010 8:57pm
I love USA!

It is the best place to live for deaf people like me. Closed captioning on TV, subtitles on most dvds, rights to have an interpreter service to communicate with hearing people at institutes, workplaces, businesses, etc. This is the only country in the world that provides video relay service which make it easier for us to call doctor office, billing service, friends, relatives, etc. Thank God.
  • #214,608
  • Mar 22, 2010 9:00pm Mar 22, 2010 9:00pm
Quoting guzda
Lockhart says the US has a privileged position as the world reserve currency but it shouldn't view the privilege as permanent. He says he doesn't expect China to say it is satiated and stop buying US Treasuries. For those fearful that China will stop buying Treasuries (or other dollar-denominated assets, it doesn't matter what...), get a grip. As long as they buy dollars to weaken the Yuan they will have to invest those dollars somewhere...
http://www.forexlive.com

But the question is what would happen...
then they destroy their biggest consumer of it purchasing power abroad. and the world crashes again. including china.. with domestic unrest.. ect.. rocks, wars.. then we break out the menu and decide who eats and who does not.
those who can, do. those who cant, talk about those who can
  • #214,609
  • Mar 22, 2010 9:02pm Mar 22, 2010 9:02pm
Quoting DeafPipster
I love USA!

It is the best place to live for deaf people like me. Closed captioning on TV, subtitles on most dvds, rights to have an interpreter service to communicate with hearing people at institutes, workplaces, businesses, etc. This is the only country in the world that provides video relay service which make it easier for us to call doctor office, billing service, friends, relatives, etc. Thank God.
i heard there will be porn braile soon for the sight impared.
those who can, do. those who cant, talk about those who can
  • #214,610
  • Mar 22, 2010 9:05pm Mar 22, 2010 9:05pm
Quoting gatorinla
It is becoming likely that Greece will not feature much in the EU Summit at the end of the week after German Chancellor Merkel said that as the Greeks have not asked for money there is no necessity to to discuss financial aid for the beleaguered nation. With current polls showing that Chancellor Merkel's coalition will lose the state election in North Rhine Westphalia, any financial assistance from Germany is out of the question with the Chancellor looking to the IMF as an option. With Greece having to finance around Eur20 bln of debt in April and...
This was bound to happen...imo. Germany is not responsible for the financial woes of Greece....neither is anyone else. If they have to borrow money at higher rates than other countries that have been prudent in the economic crisis, well, tough shit......you reap what you sow. Why should there be anything special done for those who were/are irresponsible and/or in denial? The impasse (read procrastination) is the single most damaging aspect of this whole fiasco....and it didn't need to be so.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,611
  • Mar 22, 2010 9:09pm Mar 22, 2010 9:09pm
Sentiment:- Bearish
Reason:-

  1. Fundamental – Until now, there is no significant positive sign where the PIGGS will getting better. US economy figures are overall quite encouraging.
  2. Technical – EURUSD is having minor pullback.

To do:-

  1. Ichimoku trend trading – I will monitor H1 to add short position.
  2. Pivot Point trading – I will monitor M15 to enter.

  1. http://myinvest888.files.wordpress.c...ng?w=483&h=248

  • #214,612
  • Mar 22, 2010 9:12pm Mar 22, 2010 9:12pm
Quoting guzda
India is also a huge threat for US. India is very rich for resources, huge market(1 billion), but the better thing is education. India has the best specialists in every science category. People there are the leading scientists, many Indians speak English better than Americans. India became as a Borg. They are huge brain collective which will overtake China once; and US of course.
I keep forgetting that there are people that still believe in the idea of individual sovereign countries acting out in their own free will.

I suppose there is still some time for that point of view.
  • #214,613
  • Mar 22, 2010 9:16pm Mar 22, 2010 9:16pm
EURO bearish, US stock doing well.
  • #214,614
  • Mar 22, 2010 9:21pm Mar 22, 2010 9:21pm
Thanks Mam,

The triangle that I was talking about is something like the formation that I
have depicted in the attachment to this message.


Quoting 4rexLady_de
I donīt know much about Elliot waves yet but your chart with TLīs looks just like mine...I even have TLīs drawn on the weekly chart and there I see Euro still in an uptrend as long as 1.30 didnīt break ( with time going on this number will also become higher of course ).

Thank you for your thorough analyzis - it helped me a lot to confirm my views :-)
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  • #214,615
  • Mar 22, 2010 9:26pm Mar 22, 2010 9:26pm
There's a fight brewing between them bulls and bears on the e/u.

By my count and the fib battle in play - it's 4-4.

Who hits the game winner?

I have no clue but it's a great game.

Inserted Video
  • #214,616
  • Mar 22, 2010 9:26pm Mar 22, 2010 9:26pm
Quoting realjumper
I too have been to India, and USA.....I know where the majority of 3rd world living conditions lay....

so do I ... Detroit...

there is as much poverty in the US by proportion to population as there is in India , including starving children . Except that the poverty striken in other countries can survive off the land .

Hiroshima and Detroit photos

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Blogging daily now at www.volume.zone
  • #214,617
  • Mar 22, 2010 9:38pm Mar 22, 2010 9:38pm
Quoting malcolmb14
so do I ... Detroit...

there is as much poverty in the US by proportion to population as there is in India , including starving children . Except that the poverty striken in other countries can survive off the land .

Hiroshima and Detroit photos
Oh yeah, I can see exactly what you mean.........

India and India photos
Attached Images
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,618
  • Mar 22, 2010 9:39pm Mar 22, 2010 9:39pm
Malcolm, I've seen that email that was circulated awhile back with those pics of Hiroshima and of Detroit by comparison.

I was stunned to find out that we have people living under those conditions here in the States. Definetely an eye opener, although we've got to remember that after the war we rebuilt Japan. Wish we did the same here at home.
If only I knew then what I know now...
  • #214,619
  • Mar 22, 2010 9:49pm Mar 22, 2010 9:49pm
http://www.telegraph.co.uk/finance/n...one-third.html

"...It's critically important that reserves have been overstated, and if you take this into account, we're talking supply not meeting demand in 2014-2015."

Wow, this is a bombshell. Lets ignore it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #214,620
  • Mar 22, 2010 10:09pm Mar 22, 2010 10:09pm
AUD/USD-

The first 61.8% pullback (after touching the Daily TL) was a pair of twins and the second one was the begin of the EU wave down... First PB was the 61.8%.

The second 61.8% pullback (after touching Daily TL) matched the EU next big wave down also.

The Third touch of the Daily TL on AU was the same day the EU hit the 3800 top. It has now pulled back to the 61.8% just like it did the last two times.

EU-

This is something worth keeping in the back of your mind. As I posted yesterday since it didn't retrace the max down we should have expected was the prior lows (Post 214057), so no real surprise by the bounce back up here.

I was thinking it would go to at least 3620 before back down but this AU analysis I just did makes me wonder. Anyway, look at these charts and the dates... Very interesting.


It says "Retrace Date" on the charts but that date is actually the date the AU hit the Daily TL (except the first one, EU fell when AU fell on the second pullback which I circled) not based on the retrace. So the first wave happened after the failure at that 61.8% pullback (2 tries) and the second TL touch on the AU matched up with the top on EU before massive waves down. The high we made a few days back also matched the AU TL touch.
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