EURUSD

L now 74.4
cant overlook 4389.8 it can reverse this whole N move.

lol only that ??

mate, Greece already sold 2 ports to PANDA guys..
China bailed Portugal 2 days ago !
Germany taking big part in second bail again.. what do you think ? WHY ? any clue ?

but the most important.. I trade my charts, not what I think..

and Finally again - my question.
Why shorting every single NEW HIGH, when no weakness even on 1 min chart..?

just the fricking belief that PA will turn other way around ? wow.. nice counter indicator.. !

just prolonging the inevitable. Greece is only problem ain't debt. it's also competitiveness. combine the the two and there's shit all over the fan and the house.

U are indeed a flip flooper without emo attached..

True blue sclaper indeed..

Bravo
Sonic

i'm really good at it.

cool...

What if debtor doesn't want it?

IMF/ ECB requires 'the government' to agree ... viz the opposition must sign in but they want 'tax cuts' and no sales. Perhaps nearer 29th June the tune changes but for now Greece will look disorganised.

Note there is also something else stopping on that day in N. America???

you are correct about the PA. should have been buying this bitch at S2

I did too. the price was worse though. @ 80

still keeping my aud longs. 4 am here in uk. time for bed

Excellent! I am not say ing this thing will not take another move upwards. It was only weeks ago when it neared 1.50 that all the so called experts on this thread were stating that a retest of 1.60 was a given. Some where even saying that 2.00 was soon to be tested.



Shorts fared pretty damn well since then I would say.



From a newsletter that i subscribe to that has spot on on several major economic events over the last 15 years. In part:

It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days. “What happens when Greece defaults. Here are a few things:
- Every bank in Greece will instantly go insolvent.
- The Greek government will nationalize every bank in Greece.
- The Greek government will forbid withdrawals from Greek banks.
- To prevent Greek depositors from rioting on the streets, Argentina-2002-style (when the Argentinian president had to flee by helicopter from the roof of the presidential palace to
evade a mob of such depositors), the Greek government will declare a curfew, perhaps even general martial law.
- Greece will redenominate all its debts into “New Drachmas” or whatever it calls the new currency (this is a classic ploy of countries defaulting)
- The New Drachma will devalue by some 30-70 per cent (probably around 50 per cent, though perhaps more), effectively defaulting 0n 50 per cent or more of all Greek euro-denominated debts.
- The Irish will, within a few days, walk away from the debts of its banking system.
- The Portuguese government will wait to see whether there is chaos in Greece before deciding whether to default in turn.
- A number of French and German banks will make sufficient losses that they no longer meet regulatory capital adequacy requirements.
- The European Central Bank will become insolvent, given its very high exposure to Greek government debt, and to Greek banking sector and Irish banking sector debt.
- The French and German governments will meet to decide whether (a) to recapitalise the ECB, or (b) to allow the ECB to print money to restore its solvency. (Because the ECB has relatively little foreign currency-denominated exposure, it could in principle print its way out, but this is forbidden by its founding charter. On the other hand, the EU Treaty explicitly, and in terms, forbids the form of bailouts used for Greece, Portugal and Ireland, but a little thing like their being blatantly illegal hasn’t prevented that from happening, so it’s not intrinsically obvious that its being illegal for the ECB to print its way out will prove much of a hurdle.)
- They will recapitalise, and recapitalise their own banks, but declare an end to all bailouts.
- There will be carnage in the market for Spanish banking sector bonds, as bondholders anticipate imposed debt-equity swaps.
- This assumption will prove justified, as the Spaniards choose to over-ride the structure of current bond contracts in the Spanish banking sector, recapitalising a number of banks via
debt-equity swaps.
- Bondholders will take the Spanish Banking Sector to the European Court of Human Rights (and probably other courts, also), claiming violations of property rights. These cases won’t
be heard for years. By the time they are finally heard, no one will care.
- Attention will turn to the British banks. Then we shall see…”
Or the EU can kick the can down the road yet another time, as many mainstream candidates expect. The ECB will blink. Some way will be found to find money yet again, and politicians everywhere will pray that something happens that saves the system – like the Greeks suddenly start to pay taxes and Greek and Irish GDP jumps up to 5%. Nouriel Roubini has outlined a very clear plan for restructuring. It is not without pain, but there are ways, if they can join what Greg Weldon calls a twelve-step plan for European bankers to deal with reality.
Sidebar: for the record, there are reportedly massive bank runs in Greece, especially on large uninsured deposits.
It is hard to understand how people can ignore what I think are clear warning signs, but the following analysis shows us the process. My good friend and early mentor Dr. Gary North wrote a poignant piece in his Reality Check letter today about ignoring the signs of pending problems. I insert it here as the launching point for the close of the letter. (I learned about Austrian economics, and a great deal of what I know about writing, economic history, and more during my early years [in the ’80s] as Gary’s business associate.)

I think we would see a down movement too !
But the banks are on holiday, so are potential sellers

closed... guess where. 1/2 s now.. bbl in an h

currently Greece is under the NEW MANAGEMENT.. so doesn't really matter who thinks and how..[inside Greeceland]

They should be lucky they are still under EUR umbrella, and getting some money, as i remember Greece has been in debt for last 40Y and nothing has changed.

I realy sorry for ppl in Greece, but opposition ?
Rofl.. Ask Konstantin Karamanlis the last prime minister of Greece, where he spend all that money he borrowed. Or maybe better, how he managed to fix the books and borrow over the limit..He should be lucky he is free - but not in jail..
Im not a socialist, but Greece should be very grateful to Papandreu and his connections.
Otherwise drahma and out of the EU..

above 4001 close in an hour is a b/o on the daily.. bull side. dont forget where the upper mofu is.. the same is true for it and bears.

really nice number, but what the hell is there?

I was under the impression that the 'outsider' rule occurs as a condition of the the new bailout ... that is you get more but you must give us control?

Neither Germany or Greece have signed such conditions (yet).

i.e. Germany shows the money, Greece concedes governance.

On the count of, that I cant open my eyes yet, and news out,? Thnx PTL

assume that Germany will own Greece soon

might look like this, then

http://windheuser.info/bilder/ballermann.jpg
http://www.dibernardo.de/Ballermann.jpg

i had that in too but because it's the 38.2 of the 4940 to 4048 move