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  • #4,201
  • Aug 27, 2011 10:03am Aug 27, 2011 10:03am
Quoting attila
OK then, I'll try it then. Here's an example if you missed it.

http://www.forexfactory.com/showthre...52#post4906852
thx...yes....agreed ... based on the independence of thought the rational is for a continued trend. Cloggie took the FA and extrapolated more upside....I believe he says when the techs and fundies align.....watchout
  • #4,202
  • Aug 27, 2011 10:08am Aug 27, 2011 10:08am
Quoting needpips
thx...yes....agreed ... based on the independence of thought the rational is for a continued trend. Cloggie took the FA and extrapolated more upside....I believe he says when the techs and fundies align.....watchout
It's always good to have cloggie's and sisse's FA because I for one am very weak at that side of things.
  • #4,203
  • Aug 27, 2011 10:36am Aug 27, 2011 10:36am
Quoting cloggie
OK. I have a bit more time now to comment on yesterday's speech and the resultant effect in the market from a fundamental point of view.

Yesterday, I was busy trading the immediate effect and the atmosphere on the thread was not really conducive to proper commenting, a bit too much biatching going on. As that is now behind us, let me cover some of the highlights and what this means for us as trader.

Benny started his speech with the following nugget:



Now is he saying the FED will "help" the growth, or is he saying the FED's policy...
Cloggie thank you for the post ) I just checked in for a minute ,wonderful , supports my PA )

See you soon ,have a nice weekend
  • #4,204
  • Aug 27, 2011 10:37am Aug 27, 2011 10:37am
Mornin all...
  • #4,205
  • Aug 27, 2011 10:52am Aug 27, 2011 10:52am
Quoting Venice
Mornin all...
Let me guess. Hang over. LOL.
  • #4,206
  • Aug 27, 2011 11:34am Aug 27, 2011 11:34am
downloaded a free copy of Livermore's how to trade in stocks.....Cloggie may be Livermore reincarnate
  • #4,207
  • Aug 27, 2011 11:34am Aug 27, 2011 11:34am
It's a lazy weekend for me.

Nothing to add to the FA background already presented.

I'd short this hurricane. Already cat 1 at NC landfall. Storm surges, sure. Chesapeake, Jersey Shore, Rockaways: more than a little soggy. But Katrina on Broadway, not so sure.

Mornings are always the crankiest part of my day, and today is no exception. Went to HuffPo to read the weather related feature and found this, which includes a comment comparing third hand smoke to Hurricane Katrina.

This triggered a mental stop I've been holding for some time. It's now time to actively monitor events against a threshold where benefits exceed costs in expatriation. So now, today, I'm going to do a little research on Ecuador.

Have a good one, and, depending on venue, stay dry and out from under trees.
  • #4,208
  • Aug 27, 2011 11:36am Aug 27, 2011 11:36am
Quoting cloggie
OK. I have a bit more time now to comment on yesterday's speech and the resultant effect in the market from a fundamental point of view.

Yesterday, I was busy trading the immediate effect and the atmosphere on the thread was not really conducive to proper commenting, a bit too much biatching going on. As that is now behind us, let me cover some of the highlights and what this means for us as trader.

Benny started his speech with the following nugget:



Now is he saying the FED will "help" the growth, or is he saying the FED's policy will help...
Across the board this is an accurate assesment, thanks Clogs.

Im good at this fundie econ stuff and after reviewing Bens speech it is actually pretty obvious that ole Ben thinks more QE is absolutely essential. The problem is he is somewhat hamstringed at the moment and really cannot do it due primarily to the shortage of T-Bills. I follow T-Bills pretty closely and the markets have been experiencing a greater and greater shortage of them. Since they are the base collateral which the repo driven stim from the fed uses to perform QE than more of this will force larger negative rates on T-bills for the banks and investors to pick up and this all leads to the dreaded D-word which Bernanke is terrified of.

In essence imho QE will hinge on T-Bill yield and supply because it sort of HAS TO due to the infrastructure of the fed. But make no mistake, If we see in the near term future some supply and yeild come back into the treasuries than Ben will pull the trigger immediately.

QE3, 4, 5 is a done deal folks. Everyone just buckle up for the ride. EU will keep going skyward and there is not much to stop it right now.
  • #4,209
  • Aug 27, 2011 11:54am Aug 27, 2011 11:54am
Quoting Wulfgar
Across the board this is an accurate assesment, thanks Clogs.

Im good at this fundie econ stuff and after reviewing Bens speech it is actually pretty obvious that ole Ben thinks more QE is absolutely essential. The problem is he is somewhat hamstringed at the moment and really cannot do it due primarily to the shortage of T-Bills. I follow T-Bills pretty closely and the markets have been experiencing a greater and greater shortage of them. Since they are the base collateral which the repo driven stim from the fed uses to perform QE than more...
According to my monthly it will cap around 1.51-1.52

Attached Image (click to enlarge)
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  • #4,210
  • Aug 27, 2011 11:59am Aug 27, 2011 11:59am
Quoting attila
According to my monthly it will cap around 1.51-1.52

Attachment
Agreed... Gotta get through the 4900-4965 area though.... Literal brick wall the market will need to lay seige on for awhile
  • #4,211
  • Aug 27, 2011 12:39pm Aug 27, 2011 12:39pm
Quoting Magix
I commend you for your efforts in having the brass to post, as I will to everybody else who will take the time to share a chart or a few words. I appreciate the fact that you have been a hero to many, as well as put forth the efforts to start up a forum of your own... We all want a better place. We all want to move forward and improve. We all want a place to call home.

Thanks for this reply Kate.

Bygones.
Attached Image


Really nicely said, Mag...sums up the original spirit of this thread perfectly!

Seemed to chase my hangover away...or was that the Bloody Mary? Hmmmmmm...probably both!

Thanks brother! But you're still a bastard!!!
  • #4,212
  • Aug 27, 2011 12:43pm Aug 27, 2011 12:43pm
Quoting cloggie
OK. I have a bit more time now to comment on yesterday's speech and the resultant effect in the market from a fundamental point of view...

...That's it for me this Saturday, enjoy your weekend.
What the hell is going on around here? That was neither useless...nor bastardly!

Nicely broken down, cloggs! Appreciate you taking the time on a Saturday.

Enjoy whats left of the weekend...rip it to shreds!

Cheers brother!
  • #4,213
  • Aug 27, 2011 12:56pm Aug 27, 2011 12:56pm
Quoting cloggie
Well, people better get used to the fact that this is the bastard thread, we take no prisoners.

As I said in an earlier post, get in, get out, or get out of our fecking way, we will run you over.

There ain't no feckin arse kissing in this place, we plan, we post, we trade. None of that pussyfooting around here. If one can't stand the feckin heat, get out of hell.
There's the bastard I know!

Certainly don't expect to go skipping through the fields holding hands together...all the time, at least!

Heard a story yesterday when I was at the CBOT building. I gather there is a related building somewhere in the locale that has a statue of a horse outside of it. If two traders were crossing paths and really pissing one another off, one of them was likely to say...I'll see you at the horse later! I would assume depending on how the day finished up, there could have been a punch-up. Kind of like in school...right...I'll meet you at the playground!

Not sure how accurate the story actually is, and if it would ever happen these days. I found it kind of charming, in a bastard sort of way. Seems like a flash to the past. Was like the Ceres place I had a couple of cocktails. In my head, I would have expected old boys with bellies, eating steak and chewing/smoking cigars. Oooooops! Had a look at the menu and it was all healthy fluffy bollocks!

All right bastards...I'll see you at the horse!
  • #4,214
  • Aug 27, 2011 1:20pm Aug 27, 2011 1:20pm
Quoting kenfen69
...I'll see you at the horse later!

That's at One Financial Place (the "extension").

I would have expected old boys with bellies, eating steak and chewing/smoking cigars. Oooooops! Had a look at the menu and it was all healthy fluffy bollocks!

They all took down eight or nine figures in the IPO's and mergers, and anyway, with second hand smoke nazis now being trumped by the third hand smoke movement, who needs that sh@t anymore?

All right bastards...I'll see you at the horse!
And, New York, it could be worse.

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  • #4,215
  • Aug 27, 2011 1:28pm Aug 27, 2011 1:28pm
Quoting kenfen69
Attachment

Thanks brother! But you're still a bastard!!!
bastard style....
  • #4,216
  • Aug 27, 2011 1:30pm Aug 27, 2011 1:30pm
Quoting attila
According to my monthly it will cap around 1.51-1.52

Attachment
Nice chart, bastard....
  • #4,217
  • Aug 27, 2011 1:32pm Aug 27, 2011 1:32pm
Quoting needpips
downloaded a free copy of Livermore's how to trade in stocks.....Cloggie may be Livermore reincarnate
If thats true I just hope clogs doesn't kill himself. He may be the biggest bastard here but we all would miss him methinks..
  • #4,218
  • Aug 27, 2011 1:34pm Aug 27, 2011 1:34pm
Quoting Wulfgar
If thats true I just hope clogs doesn't kill himself.
That bastard is not gonna do that....
  • #4,219
  • Aug 27, 2011 2:01pm Aug 27, 2011 2:01pm
Quoting pkimnyc
Nice chart, bastard....
We'll gonna rub the mofu bankers every day, day after day. They better start watching this thread and learn how to trade.

I was thinking, if any of us would be at a bank trading desk, with all the information they have available we would run circles around all of them there. But who the hell would want A JOB, no matter how much that job would pay? Screw that, I haven't had a regular paycheck in 4 years and it feels so damn good...
  • #4,220
  • Aug 27, 2011 2:06pm Aug 27, 2011 2:06pm
Quoting attila

I was thinking, if any of us would be at a bank trading desk,
omg.... It would be called bastard's r us.... Fuck trading... Lol.
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