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  • #214,741
  • Mar 23, 2010 4:07am Mar 23, 2010 4:07am
at least the had tents , most homeless in AUstin, Tx just sleep on the side walk
  • #214,742
  • Mar 23, 2010 4:08am Mar 23, 2010 4:08am
I have to say to you

LOL

but still have something to share with you

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  • #214,743
  • Mar 23, 2010 4:11am Mar 23, 2010 4:11am
[GREEK FIN MIN] Papaconstantinou stresses that the govt will be able to fund itself in the markets and will not need to ask for financial help. However, he asks for political support, adding an aid mechanism would also foster stability whilst stressing that he would prefer an EU solution
those who can, do. those who cant, talk about those who can
  • #214,744
  • Mar 23, 2010 4:14am Mar 23, 2010 4:14am
Quoting gatorinla
[GREEK FIN MIN] Papaconstantinou stresses that the govt will be able to fund itself in the markets and will not need to ask for financial help. However, he asks for political support, adding an aid mechanism would also foster stability whilst stressing that he would prefer an EU solution
i wonder what he is implying by "political support"? trichet stated just yesterday that the rules have to be tightened in order to prevent similar dramas in the future. too late, but that's what he said.
  • #214,745
  • Mar 23, 2010 4:15am Mar 23, 2010 4:15am
Quoting Mr Hatch
i wonder what he is implying by "political support"? trichet stated just yesterday that the rules have to be tightened in order to prevent similar dramas in the future. too late, but that's what he said.
campaign donations
  • #214,746
  • Mar 23, 2010 4:17am Mar 23, 2010 4:17am
Watch out for GBP news stats at 9.30
  • #214,747
  • Edited 5:08am Mar 23, 2010 4:20am | Edited 5:08am
Quoting stallionez
Heres my chart.

I haven't changed much from the previous one, except point 4 didnt come bang on time, it was stretched 3 days later. Gives a good indication that the larger timeframe is pulling it up still. Not confirmed until we break 1.3818.
Hi Stallionez,

Can I paint another scenario?

Supposing the trend has changed (I'm not saying it has). I believe it's fair to say that your bottom two cycle starts (the diamond and square 1's) could have come early with the red 2 and blue 3 which would mean the bottom is already in and higher blue 4 and higher (than blue 3) blue 5... is my reasoning sound?

(In this scenario the highs are likely to be late also, so longer uptrend on the way?)

David
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  • #214,748
  • Mar 23, 2010 4:28am Mar 23, 2010 4:28am
shoo shoo, long train to 1.36 taking off
  • #214,749
  • Mar 23, 2010 4:30am Mar 23, 2010 4:30am
I am concerned about yesterday's hammer with its low above current reactin low. This could be early sign of Wyckoff showing its face.
Prices oscillate, trends persist. Trend is your friend.
  • #214,750
  • Mar 23, 2010 4:34am Mar 23, 2010 4:34am
Who is Wyckoff please?
  • #214,751
  • Mar 23, 2010 4:38am Mar 23, 2010 4:38am
I honestly wouldn't mind living in a tent as long as I could trade. I actually lived in my van and had a laptop I traded on. That was before the crash . Would you believe I met alot of prominent people in bars that way I would sit in and various places I would go? I became friends with a guy that was listed on the NYSE even and some very high class people.

Seriously Tent cities are not above us....

The situation in California is bleak. They have high deficit and high unemployment and easily qualify as a pig state (don't you just love that term?).. Anyway the situation is not a pretty site and it seems unimaginable that people could live in tents but that is what happened in the great depression.

I know many of us don't have to worry about but a great many do and yes there has been some tent cities that propped up in certain areas in California. These people are not bad people for having to live in tents. They are just like you or I or any other person.

My brother-in-law is a contractor in California. He has a huge estate, business equipment, and a shop. You know he may loose his estate to forclosure. He has a nice pool with a water fall, a tennis court, an almond field. But he like many people didn't think there was a real estate bubble. I told him after the bubble popped it might not recovery very quickly but he still to this day thinks a big job is going to come rolling in and rescue his business. Every week he struggles to stay busy. I tell him not to buy the bs that we are recovering until people actually are back to work. Find a 2nd trade I tell him and so do others. Now it may be too late.

Maybe he won't end up living in a tent but his dream may be over with.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #214,752
  • Mar 23, 2010 4:42am Mar 23, 2010 4:42am
Quoting england33
I honestly wouldn't mind living in a tent as long as I could trade....
Nice post England as usual. This is a lot more accurate description of the situation here. I still haven't seen any tent cities though myself.
  • #214,753
  • Mar 23, 2010 4:45am Mar 23, 2010 4:45am
Quoting uraceulose
Really? REALLY? I live in CA. I do not know of ONE person who lost their job/home and is now living in tent...seriously. I know quite a few people, I read the paper...I watch the news. I get out. It's rough in CA but you're overstating the problems cause you've never been here...it's bad don't get me wrong but we are UNITED STATES. Cali will be fine. We also have one of the largest economies in the world IN JUST THIS STATE.
Have they cleaned up Downtown LA then? I feared for my life down there. People huddled over burning oil drums. As for San Fran I was hassled time and time again by beggars and legless Vietnam War Vets just a stone's throw away from Nob Hill. And Downtown San Diego wasn't pretty either. And then you get the beautiful sides of all cities ....
Nothing worth having is easy.
  • #214,754
  • Mar 23, 2010 4:50am Mar 23, 2010 4:50am
Quoting Patience
Have they cleaned up Downtown LA then? I feared for my life down there. People huddled over burning oil drums. As for San Fran I was hassled time and time again by beggars and legless Vietnam War Vets just a stone's throw away from Nob Hill. And Downtown San Diego wasn't pretty either. And then you get the beautiful sides of all cities ....
No, it's a lot of the same. It's just that downtown LA, SF, and Diego are about the biggest population areas here so of course they'll have the most poverty...they're also some of the most expensive to live...

Another thing, most of the areas you visited were probably slums for quite a few years...not built recently due to this "crisis"

Oh and another thing, when times are good...the "beggars"(they actually 'work' panhandling). These guys can make up to 60K/yr begging in the big cities. I don't think as much $ per year in CA but New York, DC and other major cities.

How is the homeless unemployment rate in Greece? Quite a few of ours still at least bumming money and paying taxes when they buy beer, Greece workers go on strike(I'm just kidding on this last little para)
  • #214,755
  • Mar 23, 2010 4:50am Mar 23, 2010 4:50am
Tent city for homeless was shut down last year. Yes, it was on the Oprah show, and everybody heard about it. It remains to be debated that all those in tent cities were really people that lost there home/ affected by 2008, or were already homeless, or just outdoors men.

http://www.reuters.com/article/idUSTRE52J0FK20090320
  • #214,756
  • Mar 23, 2010 4:50am Mar 23, 2010 4:50am
As I already stated...this is just campaign. The real truth is in front of your eyes or ears and you just need to look for it to see it...
  • #214,757
  • Mar 23, 2010 4:53am Mar 23, 2010 4:53am
Quoting uraceulose
No, it's a lot of the same. It's just that downtown LA, SF, and Diego are about the biggest population areas here so of course they'll have the most poverty...they're also some of the most expensive to live...

Another thing, most of the areas you visited were probably slums for quite a few years...not built recently due to this "crisis"
Yeah, it was back in the 90's when I visited. That's why I was wondering if they had been cleaned up like New York. Thanks for your reply.

[EDIT] I don't live in Greece but have been on many holidays. I have never been asked for money. London is a different story though.
Nothing worth having is easy.
  • #214,758
  • Mar 23, 2010 4:58am Mar 23, 2010 4:58am
Quoting guzda
As I already stated...this is just campaign. The real truth is in front of your eyes or ears and you just need to look for it to see it...
what do u think fair value for the euro is?
  • #214,759
  • Mar 23, 2010 4:58am Mar 23, 2010 4:58am
Quoting Caravanpark
Who is Wyckoff please?
If it bounces of 1.34 hard then it's a bullish phase of a Wyckoff spring pattern which propells price higher than previous resistance.
Prices oscillate, trends persist. Trend is your friend.
  • #214,760
  • Mar 23, 2010 4:59am Mar 23, 2010 4:59am
Quoting uraceulose
Really? REALLY? I live in CA. I do not know of ONE person who lost their job/home and is now living in tent...seriously. I know quite a few people, I read the paper...I watch the news. I get out. It's rough in CA but you're overstating the problems cause you've never been here...it's bad don't get me wrong but we are UNITED STATES. Cali will be fine. We also have one of the largest economies in the world IN JUST THIS STATE.
That's true, so if California suffers then so does the rest of the USA.
The bold statement, "we are UNITED STATES" means little really.

Check the flag im my avatar. That's a nation that went down the tubes (relative to it's heyday). The USA's position as top of the economic pile is not guaranteed indefinitely. History should make that obvious.

Although the doom mongers are probably overstating their case.
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