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  • #233,921
  • Apr 29, 2010 10:23pm Apr 29, 2010 10:23pm
Quoting malcolmb14
Maybe the volume I am seeing is profit taking due to this


Sources familiar with the Greece aid talks...
All the piigs are going to need more than that...maybe 500 billion would be enough to pump it up for awhile. They have till the end of next week either way to decide when they're going to give Greece money or not...May 8th or 9th is the bond payment date I believe.

Last weekend they should have just passed it through, that was the big meeting was it not? They said they were going to act quickly and decisively...it's too late imo. today could very well be an up day and I'll flip and go long when my stops are taken out at 3279 & 3337. the 3337 will stop out with good profit. if we do get up there and things are still looking like this week/month is going to finish up, I will wait for a pull back to daily R2 at about 3320 zone and long from there or lower. I still think today is down though.
  • #233,922
  • Apr 29, 2010 10:27pm Apr 29, 2010 10:27pm
Quoting gatorinla
as in? good or bad
not lookin good for bulls....
  • #233,923
  • Apr 29, 2010 10:27pm Apr 29, 2010 10:27pm
Quoting gatorinla
w/o higher high above 3278 valid st

this does not trump older bear #s. r bigger charts.. r bull #s posted earlier.. all valid until they have a new H/L from conseption point.

1 3219
2 3117
3 3096
also stil valid.. #3 may kill the bull
those who can, do. those who cant, talk about those who can
  • #233,924
  • Apr 29, 2010 10:31pm Apr 29, 2010 10:31pm
gator whattya think about patterns forming on dow and sp 4h.....were right at the 61 fib and to me it looks like a pretty bearish pattern is forming. Any thoughts?
  • #233,925
  • Edited 10:54pm Apr 29, 2010 10:42pm | Edited 10:54pm
Quoting mfoste1
not lookin good for bulls....
most of us expect a spike. but it wont change those ema very quick.. a spike is commoun either way before a big move.. we may d bottom then go north.. none of us have lived through his before. we dont know.. we like to be right .. but we dont know..

a lower euro will save the euro (maybe, if its not too late).. they could deflate their bills.. but for some pride reason, many get pissed when you say the truth. they owe more then they can pay.. and a high euro doesnt help tourism or exports.. its a train wreck. a 200 billion euro bandaid wont stop the bleeding.. they will just owe 200 billion more then they owe today at a high borrowing cost. imf usaully want utilities such as power plants or water/sewer. stuff you have to have.. .. those cost are gonna go up.. they are dealing with the devil..
those who can, do. those who cant, talk about those who can
  • #233,926
  • Apr 29, 2010 10:46pm Apr 29, 2010 10:46pm
Quoting mfoste1
gator whattya think about patterns forming on dow and sp 4h.....were right at the 61 fib and to me it looks like a pretty bearish pattern is forming. Any thoughts?
dono.. people are scared.. but they are buying stocks still in the u.s.. flight to safety.. brick and morter.. are better then usd.. and much better then euros atm..
those who can, do. those who cant, talk about those who can
  • #233,927
  • Apr 29, 2010 10:53pm Apr 29, 2010 10:53pm
Quoting ak4x
who was it said "hinky"... tango or cash? I think it was cash.
the real question is who dropped the soap??

Inserted Video
those who can, do. those who cant, talk about those who can
  • #233,928
  • Apr 29, 2010 10:54pm Apr 29, 2010 10:54pm
I like where the first X is. Next two are very speculative. Timing could be longer to get there also, hopefully not too long.
Attached Image (click to enlarge)
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  • #233,929
  • Apr 29, 2010 11:04pm Apr 29, 2010 11:04pm
Quoting gatorinla
most of us expect a spike. but it wont change those ema very quick.. a spike is is commoun either way before a big move.. we may d bottom then go north.....
yea def agree on the spike, already set my orders on chart here. They way i see it is that they are the first link in a chain waiting to be broken. People keep saying "ohh spain and portugal ireland etc will take measures to prevent this from happening" news flash---this damage has been in the making for years, this just didnt happen overnight or the course of a few months.There is nothing they can do to fix this right away, it will take just as long to fix it as it did screwing it up.... Theyre up shit creek wo a paddle...who will pay this bailout? usa, germany IMF....greece and these countries will default on the freaking bailout funds! This crisis will spillover to all the european banks holding this junk debt, in turn it will cause less credit available for businesses as well as individuals. There is no way to avoid this, only prolonging which makes it worse. Global markets will suffer....this is gonna hurt US more than we already are. Look at unemployment---its not decreasing, I dont care what cnbc is saying about the job market. Small businesses cannot get the financing they need in order to survive. Whats the fed gonna do keep interest rates at zero forever and have us spin into deflationary spiral? If they dont do that then i guess bens gonna keep on printin that money and we go into inflation again which will eventually take out the consumer from spending. Its a no win situation for global economy in the near future, second crash is coming.....buy gold and USD, lots of it( at least thats what im doing).
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  • #233,930
  • Apr 29, 2010 11:18pm Apr 29, 2010 11:18pm
Entry 3225

TP 3345
SL 3195
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4 chart 04-30-2010.gif Size: 17 KB
  • #233,931
  • Apr 29, 2010 11:40pm Apr 29, 2010 11:40pm
Quoting ak4x
gator, you watching hr 2499 re: puerto rico?

sign of the times bro...


first lesson in magic.... misdirection.
translate? satalite?
those who can, do. those who cant, talk about those who can
  • #233,932
  • Apr 29, 2010 11:51pm Apr 29, 2010 11:51pm
Quoting ak4x


first lesson in magic.... misdirection.
As well as in war.

When you think about, trading Forex is a lot like going into battle.

If you are not totaly focused and ready to do battle, there is a good chance you will end up dead.

At least in Forex we have the oppurtunity or choice on whether or not we get hit by that one deadly bullet.
  • #233,933
  • Apr 29, 2010 11:51pm Apr 29, 2010 11:51pm
Quoting ak4x
gator, you watching hr 2499 re: puerto rico?

sign of the times bro...


first lesson in magic.... misdirection.
Certainly has plenty of people pissed....
  • #233,934
  • Apr 29, 2010 11:55pm Apr 29, 2010 11:55pm
Quoting ak4x
in case you don't have your pm popup enabled... check it. time sensitive, like tomorrow.
Yeah I heard about this also... New 51st state?

EDIT: Yeah, and I'm sure it will be an "Honest" election as well. I'm sure they don't have any idea on what the out come will be. cough, cough.

Directly from their website (hr2499.org):

PUERTO RICO DEMOCRACY ACT


After over 100 years of political uncertainty, Congressman Pierluisi of Puerto Rico has introduced HR 2499, The Puerto Rico Democracy Act of 2009, to effectively resolve the status uncertainty of Puerto Rico. HR 2499 effectively gives the people of PR the right to vote on two plebiscites that will decide the island’s future association with the United States.

First Plebiscite:
- The people of Puerto Rico will be asked if they wish to change their present status situation.
- The question will read: “Should Puerto Rico maintain its present political status? YES or NO.
- If the majority of the votes opt for a change with the “NO” option winning, a second plebiscite will be
hosted.

Second Plebiscite:
- The people of Puerto Rico will be asked to choose between three options that would effectively
resolve the status question:
o Independence:
· Would in effect break all legal ties between the United States in the creation of Puerto Rico as
a country on its own right.
o Associated Sovereignty:
· Provides for a distancing of Puerto Rico from the United States.
· Puerto Rico would be free of several federal regulations and from the Territorial Clause of the
US Constitution.
· Its significance is unclear, but it may go as far as the elimination of the US citizenship for the
people of Puerto Rico.
o Statehood:
· Would permanently attach Puerto Rico as the 51st state of the United States.
· Awards Puerto Rico with the right to 6 US congressmen, 2 senators, and 8 presidential
electoral votes.
  • #233,935
  • Apr 29, 2010 11:58pm Apr 29, 2010 11:58pm
Quoting PriceVolume
Certainly has plenty of people pissed....
http://www.foxnews.com/story/0,2933,591683,00.html

the best synopsis i've been able to find yet that the average guy can still understand... the historical reference to alaska and tennessee is well stated.

no endorsement of the site or person linked to in this case, but i think he lays it out fairly well.

in other words.... I as a US citizen should fixate on the the eu mess why...? when this hits the US legislative docket manana...?

FUBAR...
  • #233,936
  • Apr 30, 2010 12:04am Apr 30, 2010 12:04am
Quoting ak4x
http://www.foxnews.com/story/0,2933,591683,00.html

the best synopsis i've been able to find yet that the average guy can still understand... the historical reference to alaska and tennessee is well stated.

no endorsement of the site or person linked to in this case, but i think he lays it out fairly well.

in other words.... I as a US citizen should fixate on the the eu mess why...? when this hits the US legislative docket manana...?
Kind of like the unproven birth certificate from our commander and chief... Just stop talking about it and look the other way... Nothing to see over here.
  • #233,937
  • Apr 30, 2010 12:05am Apr 30, 2010 12:05am
Reagan was for P.R. statehood.
  • #233,938
  • Apr 30, 2010 12:13am Apr 30, 2010 12:13am
Quoting ak4x
... it's the freakin PEOPLE's concerned bizness first and then maybe...
The P.R. peoples or the current American peoples?

I was just trying to point out something.

The people who are currently most opposed to P.R. statehood call themselves in one way or another ( for lack of a better term ) a "Reaganite".

They need to realize that Reagan was for P.R. statehood.
  • #233,939
  • Apr 30, 2010 12:20am Apr 30, 2010 12:20am
Price action has slowed down alot. Gotta love the calm before the storm....its like you know volatility is coming and you are wondering if you are buckled up tight enough. We are hanging around a major intraday resistance level. So...which way will the storm blow...north or south....dun dun dun.
Different opinions highly valued, ignorant to slander.
  • #233,940
  • Apr 30, 2010 12:24am Apr 30, 2010 12:24am
Quoting psiholog
Gotta love the calm before the storm....

That is my feeling as well--it's going to get crazy ( not a good choice of words...it is going to move ) here pretty soon I believe.

Europe opens here pretty soon.

Time to start getting focused.
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