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  • #233,721
  • Apr 29, 2010 11:41am Apr 29, 2010 11:41am
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teb
  • #233,722
  • Apr 29, 2010 11:43am Apr 29, 2010 11:43am
Market range trading between pivot and R1. Buyers not committing and sellers not cashing in yet, so until one or the other side gives up we are ranging. 1.3183 may be a good place to buy with tight stop.
  • #233,723
  • Apr 29, 2010 11:44am Apr 29, 2010 11:44am
Quoting benssol
[Dow Jones] Not everyone agrees with a bailout for Greece. David Rosenberg, chief economist at Gluskin Sheff says to actually come to the aid of Greece, especially after all the accounting gimmickry, would send a signal to investors that the best way to make money is buy the debt of the most risky and highest yielding enterprise because there will always be a bailout. "Rewarding bad investment decisions is a huge mistake," he says, noting that Greece has been in default in its recent 200-year history almost half the time. So Greece defaults, bondholders...
how great would that be.

lesson learned.

m
  • #233,724
  • Apr 29, 2010 11:49am Apr 29, 2010 11:49am
Quoting longnt
Your camel is drinking. She be drunk soon. The market is waiting for Moody's rating on Greece, don't know when will we get the result (maybe tomorrow).
May be but wish it not drunk & running amoke anyway ,better get sleepy & flat on the ground, underground without any objection for me today . want kill it now.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #233,725
  • Apr 29, 2010 11:52am Apr 29, 2010 11:52am
if you are bored.

this sure is interesting.

http://www.bloomberg.com/apps/news?p...n5G35A7k&pos=5
  • #233,726
  • Apr 29, 2010 12:00pm Apr 29, 2010 12:00pm
Quoting acumen
if you are bored.

this sure is interesting.

http://www.bloomberg.com/apps/news?p...n5G35A7k&pos=5
Thanks that was a good read. The problem is that it would mean taking a sensible route but that doesn't seem to be the path it is on. Perhaps after it has imploded.
  • #233,727
  • Apr 29, 2010 12:03pm Apr 29, 2010 12:03pm
You have to jump thru a registration hoop or two to get the article for free but Eurozone: A 'Shock and Awe' Bailout? at strafor is a pretty good summation of what to expect based on historical examples of similar messes.. ie Russia in late 90's, the US bailout, etc.

The main point... the delay and footdragging has made things worse, much worse. And it was bad enough to start with.

Article is worth the hoop jumping...
FUBAR...
  • #233,728
  • Apr 29, 2010 12:07pm Apr 29, 2010 12:07pm
Quoting acumen
if you are bored.

this sure is interesting.

http://www.bloomberg.com/apps/news?p...n5G35A7k&pos=5
not good for the euro

http://seekingalpha.com/article/2015...e-will-default
  • #233,729
  • Apr 29, 2010 12:15pm Apr 29, 2010 12:15pm
Quoting Jack Herer
not good for the euro

http://seekingalpha.com/article/2015...e-will-default
Another good read as well. Kinda makes want to long the EU in the worse way. When this does implode it will be interesting how much of the world will be effected.
  • #233,730
  • Apr 29, 2010 12:16pm Apr 29, 2010 12:16pm
from the news this week this isnt going to blow over easily. i definitely expect a test of 1.3000 and if we break that and the weekly trendline who knows where we cld end up
  • #233,731
  • Apr 29, 2010 12:21pm Apr 29, 2010 12:21pm
Quoting Jack Herer
not good for the euro

http://seekingalpha.com/article/2015...e-will-default
El-Erian Says Greece Will Default
  • #233,732
  • Apr 29, 2010 12:24pm Apr 29, 2010 12:24pm
Quoting acumen
El-Erian Says Greece Will Default
http://www.bloomberg.com/apps/news?p...dzN1y79k&pos=4
  • #233,733
  • Apr 29, 2010 12:27pm Apr 29, 2010 12:27pm
Quoting homestudy
http://www.bloomberg.com/apps/news?p...dzN1y79k&pos=4
sorry.
  • #233,734
  • Apr 29, 2010 12:30pm Apr 29, 2010 12:30pm
Quoting acumen
sorry.
Just another smart person talking about how bad it has really become. Makes me think about the french dude yesterday saying any speculation will be defended against, still makes me laugh

On a side note wonder when if when it does come to head if it will cause the DOW frieght train to look in the rear view
  • #233,735
  • Apr 29, 2010 12:32pm Apr 29, 2010 12:32pm
Quoting mmccormac
Little bit of an expanding triangle on the 1hr USDX.

Update to this post yesterday... Guess where it stopped today. If it bounces and continues up from here then it should breach the top on the next run (On a good GDP???).

EDIT: Normally with a setup like that (three touch on the top) would mean a mid-term trend change to the south, but if it bounces here then it's bullish IMO... Also keep in mind this is only an HOURLY chart so not as valid as the longer time frames.
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  • #233,736
  • Apr 29, 2010 12:38pm Apr 29, 2010 12:38pm
A currency for southern europe so they say... the sesterti... i must admit it looks prettier than the euro
Attached Image
Andreyou
  • #233,737
  • Apr 29, 2010 12:39pm Apr 29, 2010 12:39pm
Quoting jp09
from the news this week this isnt going to blow over easily. i definitely expect a test of 1.3000 and if we break that and the weekly trendline who knows where we cld end up
I too am looking closely as to that 1.3000 will be broken sooner or later. The thing of major importance today and tommorow before market close is whether the 1.3260-90 area holds up. If you notice....it was heavy support on two previous occasions on the hourly chart and now that we have broken it on the hourly time frame the third time...the question is if it has become resistance. Any person who uses the "follow the trend" principle would be shorting here. Any person that may be looking for a break up of this area and a potential reversal is if the 1.3350 area is broken. THe area between 1.3260-90 and 1.3350 is a range of its own

Whichever you and everyone else are...
Good pippin

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Different opinions highly valued, ignorant to slander.
  • #233,738
  • Apr 29, 2010 12:44pm Apr 29, 2010 12:44pm
Do you think that 1.3000 could be tested before EU take action about to save Greece and the EUR?
  • #233,739
  • Apr 29, 2010 12:47pm Apr 29, 2010 12:47pm
Quoting forex_trader
Do you think that 1.3000 could be tested before EU take action about to save Greece and the EUR?

why does it matter if it takes before or after? there's no such thing as to save the greece. Euro zone is trying so save europe union finances and economy, it's not about the greece anymore it's about all of us
  • #233,740
  • Apr 29, 2010 12:49pm Apr 29, 2010 12:49pm
Quoting forex_trader
Do you think that 1.3000 could be tested before EU take action about to save Greece and the EUR?
It might be because what Greece says is..we are highly likely to create a domino effect through the EU with Spain targeted next. That implies the idea that the EU is as crappy as the US is. So then the question becomes...why the hell is the EUR and Dollar at 1.3 when they are in the same boat? Shouldn't we be closer to equality (1:1)?....Goldman Sachs knows no ocean barriers.
Different opinions highly valued, ignorant to slander.
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