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Technical Analysis Fallacy

  • #14,821
  • May 5, 2010 6:41am May 5, 2010 6:41am
Quoting Zoran
So anyone else thinking what I'm thinking about spirals within spirals? I suspect that playing with them can get a bit spikey!
anyone brave enough to go further than a pic of hedgehogs?
  • #14,822
  • May 5, 2010 6:44am May 5, 2010 6:44am
Good morning friends
USD/CZK is above 20...that is unbelievable... No holiday for me in NY...
  • #14,823
  • May 5, 2010 6:54am May 5, 2010 6:54am
Quoting piccolo
anyone brave enough to go further than a pic of hedgehogs?
Lol, You and Zoran gonna make everyone stay after school.

@Zoran, my take on Sprials within was was like using the normal fib sequence, one could skip levels along that line in an additional fib sequence a "snowballs snowball" would be a good description, but given the inability by everyone to fully incorporate the basics, why go there as it just compounds the possibilty of catastrophic failure.

fwiw,
  • #14,824
  • May 5, 2010 7:00am May 5, 2010 7:00am
I am assuming that all EU nations must approve the Greece aid package. Is that correct? If one nation rejects it, it is rejected. Do I have that right?
  • #14,825
  • May 5, 2010 7:06am May 5, 2010 7:06am
Quoting GEfx
I am assuming that all EU nations must approve the Greece aid package. Is that correct? If one nation rejects it, it is rejected. Do I have that right?
Yes "Every of the states must agree wit the help."
  • #14,826
  • May 5, 2010 7:07am May 5, 2010 7:07am
Quoting GEfx
I am assuming that all EU nations must approve the Greece aid package. Is that correct? If one nation rejects it, it is rejected. Do I have that right?
Only those within the EMU. Not all EU countries have adopted the EUR.
  • #14,827
  • May 5, 2010 7:15am May 5, 2010 7:15am
OK, so all EMU nations must agree? Reason for that question is that there is a report out that the Slovak's are balking, and Austria is none too happy about the terms.
  • #14,828
  • May 5, 2010 7:26am May 5, 2010 7:26am
Quoting GEfx
OK, so all EMU nations must agree? Reason for that question is that there is a report out that the Slovak's are balking, and Austria is none too happy about the terms.
Slovakia doesnt have so much money, so they have to ask for a loan first...
But i think, that they will be able to do it and in final they will agree... They have got good premier Mr.Fico. He knows, that if he doesnt help Greece, he wont be "happy club member ...in EU..." He is gonna find how to do it...

Austria is more conservative, but well capitalized... They also will probably pass it
  • #14,829
  • May 5, 2010 7:27am May 5, 2010 7:27am
Quoting GEfx
OK, so all EMU nations must agree? Reason for that question is that there is a report out that the Slovak's are balking, and Austria is none too happy about the terms.
Once Germany gives it heavy YES this should go through nice and easy.

Oh, by the way, is it just me or rating agencies have switched from invisible to overactive lately? Got a report a few minutes ago that Moody's put Portugal on review for possible downgrade. Again.

P.S. EUR on the move again, eyes open.
  • #14,830
  • May 5, 2010 7:36am May 5, 2010 7:36am
now would be the time for euro buyers to step in.
  • #14,831
  • May 5, 2010 7:51am May 5, 2010 7:51am
Quoting piccolo
now would be the time for euro buyers to step in.
good area to pick buying spots , but be careful of bias , if market says it aint , better listen to it

good trading guys ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,832
  • May 5, 2010 7:51am May 5, 2010 7:51am
http://www.bloomberg.com/apps/news?p...5Gw6InhU&pos=2

Calm down people. All storms end sooner or later.

T.
  • #14,833
  • May 5, 2010 7:56am May 5, 2010 7:56am
Quoting maheswara
good area to pick buying spots , but be careful of bias , if market says it aint , better listen to it

good trading guys ...
yep, market says otherwise, hehe
  • #14,834
  • May 5, 2010 8:00am May 5, 2010 8:00am
Quoting piccolo
yep, market says otherwise, hehe
half an hour to dow open , wait then , clearer pic ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,835
  • May 5, 2010 8:01am May 5, 2010 8:01am
I am in several trades now and am amazed at the failure of the ECB. But happy at the same time! Letting them just run now and waiting for a big reversal candle (have been for several day).
  • #14,836
  • May 5, 2010 8:14am May 5, 2010 8:14am
All hell is breaking lose at 2800
  • #14,837
  • May 5, 2010 8:14am May 5, 2010 8:14am
Stunning.

Edit: I have done nothing more than enter orders. No additional work and just moving stops now. Stunning!
  • #14,838
  • May 5, 2010 8:15am May 5, 2010 8:15am
Quoting auxesis
All hell is breaking lose at 2800
1.27 would be next support

fun
  • #14,839
  • May 5, 2010 8:16am May 5, 2010 8:16am
something is going on as we speak
  • #14,840
  • May 5, 2010 8:18am May 5, 2010 8:18am
Quoting auxesis
All hell is breaking lose at 2800


I wish for me many many days as yesterday and today.... dreaming...dreaming...



T.
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