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The Really Useless Thread

  • #10,181
  • Sep 8, 2011 12:29pm Sep 8, 2011 12:29pm
Damn you Aussie...I was trying to stay flat.

Will see how she rolls...

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  • #10,182
  • Sep 8, 2011 12:30pm Sep 8, 2011 12:30pm
Just a little elaboration: I think there's now a chance that some TBIF bank may be thrown under the bus and liquidated. Politically, it would be a good move.
  • #10,183
  • Sep 8, 2011 12:30pm Sep 8, 2011 12:30pm
Quoting sisse
How are you mate?

When is going to be an update to the 2010 chart (and soon 2011) ... ... I hope you had a good day...

sisse
never. unless we get above 1.700x or below 0.858 then we can extend.
those who can, do. those who cant, talk about those who can
  • #10,184
  • Sep 8, 2011 12:31pm Sep 8, 2011 12:31pm
Moment of truth for euro...
Markets are not Random, they are designed!
  • #10,185
  • Sep 8, 2011 12:34pm Sep 8, 2011 12:34pm
Quoting OldQuant
Just a little elaboration: I think there's now a chance that some TBIF bank may be thrown under the bus and liquidated. Politically, it would be a good move.
How about BofA?

A lot of lawsuits stacking up there now. Good candidate to start proceedings with, no?

But what would the Oracle say?
  • #10,186
  • Sep 8, 2011 12:36pm Sep 8, 2011 12:36pm
3898 - (7650-7627)*2 = 1.3852
anyone got this level ?

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Don't be a hero. Don't have an ego. Always question yourself
  • #10,187
  • Sep 8, 2011 12:37pm Sep 8, 2011 12:37pm
Quoting kenfen69
Damn you Aussie...I was trying to stay flat.

Will see how she rolls...
Scalped a bunch...the rest floats...

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Click to Enlarge Name: 1minAU.PNG Size: 33 KB
  • #10,188
  • Sep 8, 2011 12:37pm Sep 8, 2011 12:37pm
Quoting sisse
How are you mate?

When is going to be an update to the 2010 chart (and soon 2011) ... ... I hope you had a good day...

sisse
I'm fine, thank you.

Actually, I have one that starts at 1.5140.8 -> 1.2234.1, but a really new chart? Why, before a new high/low is printed, if there will be one?

this chart is not recommended, just an observation. the bull-move starts lower than the actual bear-target, I'm just watching and trying to learn.
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  • #10,189
  • Sep 8, 2011 12:38pm Sep 8, 2011 12:38pm
Quoting gatorinla
never. unless we get above 1.700x or below 0.858 then we can extend.
I know the reason but I have a small TA disagreement, I think I have told Hatch my opinion before.

If you are taking the 10yrs charts, yes I do agree with those levels but that is 10 YR range which is out my and probably all traders scope. However if you take the yearly chart as reference (still very long view but closer to reality) the 2008 bar makes sense as outside bar (MIB bar in PTL words) and the inside levels in 2009 and 2010 were very valid and powerful.

However, the breach outside of the bar in 2010 cancel those levels for this year (and this year will also override the previous bar cause the breach of highs) ...I know is a small technicality but it makes a huge difference in a yearly range...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #10,190
  • Sep 8, 2011 12:40pm Sep 8, 2011 12:40pm
Quoting kenfen69
How about BofA?

A lot of lawsuits stacking up there now. Good candidate to start proceedings with, no?

But what would the Oracle say?
Yeah, I would have thought BoA; they could keep Merrill alive, sell off Countrywide assets piece meal, and sell the brick and mortor to startup community banks. But the Oracle's little offering makes me think that (a) BoA no, and/or (b) maybe they'll pull a Salomon kind of deal, where a fundamentally dysfunctional and corrupt organization gets a new marshall in the form of Mister Buffett.

I dunno, and I may be real off base. It just doesn't look, politically, to be a good time to be a derivatives expanding, excess reserves hoarding, illegally foreclosing bank right now.
  • #10,191
  • Edited 1:02pm Sep 8, 2011 12:47pm | Edited 1:02pm
Quoting kenfen69
Scalped a bunch...the rest floats...
Sorry...were two more to come out...now the rest floats. 2 x .2lots remain.

Attached Image (click to enlarge)
Click to Enlarge Name: 1minAU.PNG Size: 36 KB


Edit...updated image. Closed one at +2.
  • #10,192
  • Sep 8, 2011 12:48pm Sep 8, 2011 12:48pm
Quoting sisse
I know the reason but I have a small TA disagreement, I think I have told Hatch my opinion before.

If you are taking the 10yrs charts, yes I do agree with those levels but that is 10 YR range which is out my and probably all traders scope. However if you take the yearly chart as reference (still very long view but closer to reality) the 2008 bar makes sense as outside bar (MIB bar in PTL words) and the inside levels in 2009 and 2010 where very valid and powerful.

However, the breach outside of the bar in 2010 cancel those levels for this year...
its not confirmed levels such as any high or low. it has no reference to time. and time doesn't affect the flow of numbers. we think #s flow such as 1,2,3,4,5, and so on. they also flow in other ways.
those who can, do. those who cant, talk about those who can
  • #10,193
  • Sep 8, 2011 12:50pm Sep 8, 2011 12:50pm
Quoting OldQuant
Yeah, I would have thought BoA; they could keep Merrill alive, sell off Countrywide assets piece meal, and sell the brick and mortor to startup community banks. But the Oracle's little offering makes me think that (a) BoA no, and/or (b) maybe they'll pull a Salamon kind of deal, where a fundamentally dysfunctional and corrupt organization gets a new marshall in the form of Mister Buffett.
Definitely interesting. Politically, I would agree...throw somebody under the bus, because the thing is speeding out of control, anyway. Never been a better time...especially for Obama. Play the...we need action...type card.

Quoting OldQuant
I dunno, and I may be real off base. It just doesn't look, politically, to be a good time to be a derivatives expanding, excess reserves hoarding, illegally foreclosing bank right now.
Dagnabbit...that just breaks my heart! All those poor bastards...morality check must be killing them!
  • #10,194
  • Sep 8, 2011 12:56pm Sep 8, 2011 12:56pm
One last thing and I have to sign off. After the trading settles down, here's a writing that puts some formal meat on my assertion last week that I'm smelling some deflation.

Shedlock is an Austrian School guy, but he understands that the key isn't measuring money supply, it's measuring credit at mark to market valuations.

Of his twelve recommendations, I agree with nine. I'm still a lot pro-labor, lest the country be turned into one big bloddy sweatshop.

Have to go. Take care.
  • #10,195
  • Sep 8, 2011 12:58pm Sep 8, 2011 12:58pm
Quoting kenfen69
Damn you Aussie...I was trying to stay flat.

Will see how she rolls...

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i was lookin at her as well.. i missed it the other day
  • #10,196
  • Sep 8, 2011 12:59pm Sep 8, 2011 12:59pm
Quoting OldQuant
One last thing and I have to sign off. After the trading settles down, here's a writing that puts some formal meat on my assertion last week that I'm smelling some deflation.

Shedlock is an Austrian School guy, but he understands that the key isn't measuring money supply, it's measuring credit at mark to market valuations.

Of his twelve recommendations, I agree with nine. I'm still a lot pro-labor, lest the country be turned into one big...
Nice one...thanks.

Mind yourself.
  • #10,197
  • Sep 8, 2011 1:03pm Sep 8, 2011 1:03pm
Quoting fxjawn
i was lookin at her as well.. i missed it the other day
Yeah...not sure about it. Turned out to mostly scalps at this point. Closed one at +2. Will see where to from here. Not sure will I add anymore.
  • #10,198
  • Sep 8, 2011 1:06pm Sep 8, 2011 1:06pm
Quoting sisse
I know the reason but I have a small TA disagreement, I think I have told Hatch my opinion before.

If you are taking the 10yrs charts, yes I do agree with those levels but that is 10 YR range which is out my and probably all traders scope. However if you take the yearly chart as reference (still very long view but closer to reality) the 2008 bar makes sense as outside bar (MIB bar in PTL words) and the inside levels in 2009 and 2010 were very valid and powerful.

However, the breach outside of the bar in 2010 cancel those levels for this year...
last few says.
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those who can, do. those who cant, talk about those who can
  • #10,199
  • Sep 8, 2011 1:07pm Sep 8, 2011 1:07pm
Inserted Video


Brings a bit of peace to ones mind.
  • #10,200
  • Sep 8, 2011 1:09pm Sep 8, 2011 1:09pm
Quoting gatorinla
its not confirmed levels such as any high or low. it has no reference to time. and time doesn't affect the flow of numbers. we think #s flow such as 1,2,3,4,5, and so on. they also flow in other ways.
Well if thats the case, don't really know what you are looking at.

This is a very quick made yearly (current) chart with the inside levels I was referring. All swings clearly marked (no failures so far) including the reversal...

In any case, daily roll still fighting daily S 1.399x...few minutes left.

sisse
Attached Image (click to enlarge)
Click to Enlarge Name: Yearlygator.jpg Size: 65 KB
Pending conversations? PM for a chat...I am mainly in OTM now
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