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  • #264,861
  • Jun 29, 2010 7:37pm Jun 29, 2010 7:37pm
Quoting sidhujag
Amazon and Rimm up 6-7% closing during afterhours.. does this happen often? I mean up big afterhours only to level off during premarket.

Jag
It's earnings season. I haven't looked, but I know earnings were due out this week. Might of been today.

Honestly, expect absolutely anything in our markets right now. Good news? Sell? Bad news? Sell more? No news? Buy?
Only expectation matters . . .
  • #264,862
  • Jun 29, 2010 7:54pm Jun 29, 2010 7:54pm
Someone's pumping it.. earnings already came out for RIMM
  • #264,863
  • Edited 8:45pm Jun 29, 2010 8:21pm | Edited 8:45pm
Food for thought.

Alex Cowrie of the newsletter Diggers & Drillers wrote in his May newsletter:

Quote
I calculated gold’s intrinsic value at a global level by dividing the global public debt (US$38.3 trillion) with the total amount of gold in central banks globally (1.4 billion ounces): The value comes in at a staggering US$27,163/ Ounce.
Cowrie isn't making a forecast but calls this gold price's "centre of gravity". The more that gold becomes recognized as a real currency, the more strongly the gold price will be pulled towards this incredible figure.

http://www.moneymorning.com.au/20100...-usd27163.html
Not all sins are created equal
  • #264,864
  • Jun 29, 2010 8:35pm Jun 29, 2010 8:35pm
Quoting Jay Walker
Food for thoughts.

Alex Cowrie of the newsletter Diggers & Drillers wrote in his May newsletter:



Cowrie isn't making a forecast but calls this gold price's "centre of gravity". The more that gold becomes recognized as a real currency, the more strongly the gold price will be pulled towards this incredible figure.

http://www.moneymorning.com.au/20100...-usd27163.html

Check out the correlation between the historical price of gold and the Dow.
  • #264,865
  • Jun 29, 2010 8:36pm Jun 29, 2010 8:36pm
Still keeping my shorts on eurusd and eurjpy, looking for strong bounce correlation on 1.2121 but expecting more severe downmovement.

http://img19.imageshack.us/img19/613...y30ster.th.png

Been already predicting last days bear movement and i see no reason why it shouldnt continue today, weve started a strong bear movement from what im seeing.

Expecting resistance at the touch of the pinkish line which coincides with the 61.8 fib retracement level. Ultimately id expect it to hit the Brown Forks median line or more importantly the green forks warning line (parallel line below the lower median line equidistant to the other green lines) because it failed to hit the greens median line.
Also PSAR changed which usually indicates some confluence in the strength of the bear trend which should come this week bringing this baby down.
MACD on 4hr looks like its reversing soon for a retrace, in either case the retrace shouldnt be more than 80 pips and it would need to close above 2217 on a 4hr in order for the trend to be broken, true bullish trend would require 2286 to be broken which i am not seeing happening currently.
I also like the stochs at this point indicating a small bullish move up before a break down.
Either way, shortterm im looking at 1.2121 / 1.2132 and longterm to 1.19.
Break above 1.2286 means long to me.

As usual take my advice with a grain of salt, im short from 1.2185 and 107.732 on eur/jpy
  • #264,866
  • Jun 29, 2010 8:44pm Jun 29, 2010 8:44pm
So, let's talk about China:

Apparently the big fear is that they will try to slow their economy to reduce inflation...?

My question is: can China slow it's economy?

Picture this-

You have been cultivating a rice field for all of your natural life when you are "offered" an opportunity to come to the big city and work in a factory. You do so, and as time progresses there are other opportunities available to you - slinging hamburgers at the American Wendy's restaurant, or one of many others (Arby's Wendy's Mcdonald's KFC Chuck-E Cheese Pizza Hut Starbucks Burger King Walmart Publix Safeway - which have hundreds of locations, each) employment opportunities are very competetive and skewed to the benefit of the employee - it's their market. If they have an appealing appearance and can excel in their position, the possibilities for growth and advancement are endless.





Now, take all that away. Send farm boy back to his rice paddy to make $256 a year. take his dream of having a cell phone and LCD tv away from him because your economy is advancing too rapidly.

Point is that they have tasted some new freedoms and luxuries - many that they will not be too happy about giving up. I have heard it said that if the Chinese were to start marching toward the US, the line would never end due to the fact that the line is so long that newborns would grow old enough to find a place in the line before it ended. Now - turn that line of angry citizens on their own government......


Commodities - China will continue to purchase and hoard raw materials because it gives them power; power that they will not give up. Long story short (too late, I know) this is another ruse to manipulate the market - which is just fine - it's profitable



What say ye?

_M_
  • #264,867
  • Jun 29, 2010 8:47pm Jun 29, 2010 8:47pm
Quoting angus
Check out the correlation between the historical price of gold and the Dow.
http://www.gold-eagle.com/editorials...kel112108.html

http://www.gold-eagle.com/editorials...kel112108a.gif
Not all sins are created equal
  • #264,868
  • Jun 29, 2010 8:52pm Jun 29, 2010 8:52pm
Quoting Mungle
So, let's talk about China:

Apparently the big fear is that they will try to slow their economy to reduce inflation...?

My question is: can China slow it's economy?

Picture this-

You have been cultivating a rice field for all of your natural life when you are "offered" an opportunity to come to the big city and work in a factory. You do so, and as time progresses there are other opportunities available to you - slinging hamburgers at the American Wendy's restaurant, or one of many others (Arby's Wendy's Mcdonald's KFC Chuck-E...
people rise.. armies counter.. works stops.
rule of 72 says people rise.
inflation can stop an army.
those who can, do. those who cant, talk about those who can
  • #264,869
  • Jun 29, 2010 8:59pm Jun 29, 2010 8:59pm
Quoting Mungle
So, let's talk about China:

Apparently the big fear is that they will try to slow their economy to reduce inflation...?

My question is: can China slow it's economy?

Picture this-

You have been cultivating a rice field for all of your natural life when you are "offered" an opportunity to come to the big city and work in a factory. You do so, and as time progresses there are other opportunities available to you - slinging hamburgers at the American Wendy's restaurant, or one of many others (Arby's Wendy's Mcdonald's KFC Chuck-E...
They have given and taken away the taste of many things in China before. Doing it again wouldn't be news.

You think they have power now. Wait until a middle class is created throughout the country.
Not all sins are created equal
  • #264,870
  • Jun 29, 2010 9:16pm Jun 29, 2010 9:16pm
Got to love the news. I'll be looking for a spot to reload....
  • #264,871
  • Jun 29, 2010 9:39pm Jun 29, 2010 9:39pm
The European Central Bank’s latest attempt to sterilise its government bond purchases has landed with a resounding thud. Results from the ECB’s Tuesday one-week fixed-term deposit (FTD) auction, in which it planned to drain the €55bn of extra liquidity created by its €55bn of bond-buying, are in.

And they are not pretty:

http://av.r.ftdata.co.uk/files/2010/06/fixtedterm.jpg

Read more
Not all sins are created equal
  • #264,872
  • Jun 29, 2010 9:42pm Jun 29, 2010 9:42pm
Quoting Jay Walker
The European Central Bank’s latest attempt to sterilise its government bond purchases has landed with a resounding thud. Results from the ECB’s Tuesday one-week fixed-term deposit (FTD) auction, in which it planned to drain the €55bn of extra liquidity created by its €55bn of bond-buying, are in.

And they are not pretty:

http://av.r.ftdata.co.uk/files/2010/06/fixtedterm.jpg

Read more
Holy freaking cow.
  • #264,873
  • Jun 29, 2010 9:50pm Jun 29, 2010 9:50pm
Quoting PriceVolume
Holy freaking cow.

Yeah!
Not all sins are created equal
  • #264,874
  • Jun 29, 2010 9:56pm Jun 29, 2010 9:56pm
Quoting Jay Walker
Yeah!
Wait for the thud. It shouldn't be long now....

4H is rolling over. Looks like we're just waiting on a trendline break to yield resumption....we'll see.
  • #264,875
  • Jun 29, 2010 9:57pm Jun 29, 2010 9:57pm
Quoting PriceVolume
Wait for the thud. It shouldn't be long now....
Chronometer started
Not all sins are created equal
  • #264,876
  • Jun 29, 2010 9:57pm Jun 29, 2010 9:57pm
Quoting Jay Walker
The European Central Bank’s latest attempt to sterilise its government bond purchases has landed with a resounding thud. Results from the ECB’s Tuesday one-week fixed-term deposit (FTD) auction, in which it planned to drain the €55bn of extra liquidity created by its €55bn of bond-buying, are in.

And they are not pretty:

http://av.r.ftdata.co.uk/files/2010/06/fixtedterm.jpg

Read more
looks like not much money for any expansion. a bad time to be looking for a job or starting a business, house buying ect. if i recall correctly the recent crises in 2008, the reason bb,paulson and bush said "we need 700 billion" was because the money dried up.
those who can, do. those who cant, talk about those who can
  • #264,877
  • Jun 29, 2010 10:01pm Jun 29, 2010 10:01pm
Quoting gatorinla
looks like not much money for any expansion. a bad time to be looking for a job or starting a business, house buying ect. if i recall correctly the recent crises in 2008, the reason bb,paulson and bush said "we need 700 billion" was because the money dried up.
It's quick to dry up 700 billion when you're incinerating money.
Not all sins are created equal
  • #264,878
  • Jun 29, 2010 10:07pm Jun 29, 2010 10:07pm
Quoting Jay Walker
It's quick to dry up 700 billion when you're incinerating money.
hey is there a way to see whose buying eur bonds. whether its the ecb or a real bidder? im trying to decipher what i don't see. point the blind man in the right direction.
those who can, do. those who cant, talk about those who can
  • #264,879
  • Jun 29, 2010 10:09pm Jun 29, 2010 10:09pm
Thankfully, we now have a president who has discovered the printing press. Dropping $2 trillion is nothing now.

We're spending money worse than a used up rapper. Maybe MC Hammer is behind all of this.
Only expectation matters . . .
  • #264,880
  • Jun 29, 2010 10:11pm Jun 29, 2010 10:11pm
Quoting RebelRed
Thankfully, we now have a president who has discovered the printing press. Dropping $2 trillion is nothing now.

We're spending money worse than a used up rapper. Maybe MC Hammer is behind all of this.
he had a teacher... the last guy
those who can, do. those who cant, talk about those who can
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