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The Really Useless Thread

  • #781
  • Aug 22, 2011 9:43pm Aug 22, 2011 9:43pm
Of course. It's America. Never admit to anything. This paragraph sums it up:

So let us get this straight: in America when you dare to tell the truth, your career is over, while if you are a corrupt, lying, incompetent tax evader you not only get to be Treasury Secretary but likely will be on for life as long as you do the one duty you are entrusted with: pander to the interests of the Too Big To Fail financial institutions


Quoting kenfen69
You really can't make this shite up...

S&P Board Fires CEO For Telling The Truth, To Be Replaced With COO Of Citibank

If you don't like ZH...you can search for the FT version... I just don't like their style...so won't post that one.
  • #782
  • Aug 22, 2011 9:45pm Aug 22, 2011 9:45pm
Quoting attila
90 and higher will open 4420 and 4450...
4540-70 is where my sights are set for a serious sh....just scalping till we get there....eventhough I just closed a long......Its getting tougher holding longs....damn HFT algos....and politcal climate makes me nervous
  • #783
  • Aug 22, 2011 9:46pm Aug 22, 2011 9:46pm
Quoting attila
Of course. It's America. Never admit to anything. This paragraph sums it up:

So let us get this straight: in America when you dare to tell the truth, your career is over, while if you are a corrupt, lying, incompetent tax evader you not only get to be Treasury Secretary but likely will be on for life as long as you do the one duty you are entrusted with: pander to the interests of the Too Big To Fail financial institutions
Off the rails!
  • #784
  • Aug 22, 2011 9:47pm Aug 22, 2011 9:47pm
It's all about trust. If you trust it, hold it.

It has to go and stay above 90...
Quoting needpips
4540-70 is where my sights are set for a serious sh....just scalping till we get there....eventhough I just closed a long......Its getting tougher holding longs....damn HFT algos....and politcal climate makes me nervous
  • #785
  • Aug 22, 2011 9:50pm Aug 22, 2011 9:50pm
Fridays speech from the Ber-NAK after the whore stompin time their havin in Jakson HOLE otta be a hoot
  • #786
  • Aug 22, 2011 9:51pm Aug 22, 2011 9:51pm
Hmm.. Not doing it. Will at least retrace here.
  • #787
  • Aug 22, 2011 9:51pm Aug 22, 2011 9:51pm
Bastards Present!

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  • #788
  • Aug 22, 2011 9:54pm Aug 22, 2011 9:54pm
Quoting attila
Hmm.. Not doing it. Will at least retrace here.
yep about 77 or so....lotta traffic I bet coming....Hope London pushes through this mess.....course it could do this all week....
  • #789
  • Aug 22, 2011 9:58pm Aug 22, 2011 9:58pm
Quoting needpips
yep about 77 or so....lotta traffic I bet coming....Hope London pushes through this mess.....course it could do this all week....
Here's my reasoning, and it has nothing to do with the chart... It moved strongly from 4260 last week. Long high momentum candles. Now we are in some kind of a retrace from 4450 (or whatever this is). If it's being rejected at 90, will have to go down to 4320. Pretty much no ifs/buts etc. Question is, is it ready to lose those gains from last week NOW? Anything is possible but I am inclined to think it was pushed so hard from 4260 for a reason. Of course this is just hot air, technicals still point both ways...
  • #790
  • Aug 22, 2011 10:04pm Aug 22, 2011 10:04pm
thats the 78.6% retrace....2 things Ive noticed with EU....if it retraces 78.6%....then it will move decidedly the other direction (in this case north) and if it retraces 50%, then its a correction and it wont cross through to the next fib....that being said......I believe your correct, but in Elliot Wave terms....the 2nd wave will end at the 78.6% area and then the Wave 3 will begin and watch out....1.46+



Quoting attila
Here's my reasoning, and it has nothing to do with the chart... It moved strongly from 4260 last week. Long high momentum candles. Now we are in some kind of a retrace from 4450 (or whatever this is). If it's being rejected at 90, will have to go down to 4320. Pretty much no ifs/buts etc. Question is, is it ready to lose those gains from last week NOW? Anything is possible but I am inclined to think it was pushed so hard from 4260 for a reason. Of course this is just hot air, technicals still point both ways...
  • #791
  • Aug 22, 2011 10:16pm Aug 22, 2011 10:16pm
Feel like my eyes are about to bleed...this is killer!

Closed all of one +6...30% of the other +10.

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  • #792
  • Aug 22, 2011 10:20pm Aug 22, 2011 10:20pm
Took a short to 57 for fun. Off to bed. Later...
  • #793
  • Aug 22, 2011 10:21pm Aug 22, 2011 10:21pm
long at 4377
  • #794
  • Aug 22, 2011 10:26pm Aug 22, 2011 10:26pm
Quoting attila
Took a short to 57 for fun. Off to bed. Later...
Catch you soon, mate...no more lemonade!
  • #795
  • Aug 22, 2011 10:28pm Aug 22, 2011 10:28pm
morning..
Look Sharp/Trade Tight
  • #796
  • Aug 22, 2011 10:29pm Aug 22, 2011 10:29pm
Quoting PayTheLimit
morning..
morn/evening....slow goin
  • #797
  • Aug 22, 2011 10:35pm Aug 22, 2011 10:35pm
Quoting needpips
morn/evening....slow goin

indeed, see you guys tested the mid on the bounce...
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Look Sharp/Trade Tight
  • #798
  • Aug 22, 2011 10:39pm Aug 22, 2011 10:39pm
Quoting PayTheLimit
indeed, see you guys tested the mid on the bounce...
Im playing it long shooting for your upper green band....(small ball...)
  • #799
  • Aug 22, 2011 10:41pm Aug 22, 2011 10:41pm
Quoting PayTheLimit
morning..
Drink?

Might need a couple, actually!

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  • #800
  • Aug 22, 2011 10:42pm Aug 22, 2011 10:42pm
Quoting kenfen69
Feel like my eyes are about to bleed...this is killer!

Closed all of one +6...30% of the other +10.

Attachment
Took another 30% off of this at +15.
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