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EurAnalysis Kindergarten 24 replies

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  • #11,241
  • Nov 22, 2011 10:24am Nov 22, 2011 10:24am
Quoting Pat Mustard
I would hazard a guess that there is quite of lot of this type of activity going on behind the scenes.

DJ FOREX PROCESSOR CLS BANK TESTING EURO BERAKUP SCENARIO - SOURCES
Lol, stress tests, why not?
"I know one thing, that I know nothing." Sokrates
  • #11,242
  • Nov 22, 2011 10:27am Nov 22, 2011 10:27am
Quoting PipTrapper
Do not close your short positions.
Omg lol, guys, you keep entertraining me all the time.

Thanks for that.
"I know one thing, that I know nothing." Sokrates
  • #11,243
  • Nov 22, 2011 10:33am Nov 22, 2011 10:33am
FOMC minutes are out early here --> http://www.federalreserve.gov/moneta...es20111102.pdf

Looks like QE3 is less likely now. Their focus now seems to be on possible inflation targeting.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,244
  • Nov 22, 2011 10:34am Nov 22, 2011 10:34am
Hmm, bad luck I wasnt here, I missed short from ,3521. But dont you tell me those S/R aint working. Like a ping pong.

Edit: ah and much better for 35378. I need teleport from work.

Edit no.2: Market gave me second chance. Thank you market, appreciated.
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #11,245
  • Nov 22, 2011 10:35am Nov 22, 2011 10:35am
Quoting Tom_D_Trader
Omg lol, guys, you keep entertraining me all the time.

Thanks for that.
While you were gone, it seemed like the IMF was going to finance the PIIGS. Market rallied a bit but then stopped and turned around slightly once it was clear that it was not for the PIIGS.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,246
  • Nov 22, 2011 10:41am Nov 22, 2011 10:41am
Tomorrow is a big news day as Thursday's and Friday's US econ data is beinfg released ahead of schedule due to US holidays.

All times are CET (GMT+1)

Attached Image (click to enlarge)
Click to Enlarge Name: events.jpg Size: 107 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #11,247
  • Nov 22, 2011 10:43am Nov 22, 2011 10:43am
Quoting PipTrapper
While you were gone, it seemed like the IMF...
I have read that. But I am more concerned in those stress tests. Thats very funny stuff.

Nevertheless, I think foto is right and this is supposed to be that firewall. But it wont come for Italy and neither Spain. But for France. Lagarde is ex minister of French finance, dont you forget. That is a one pack of hounds. Well, maybe this is insult for hounds, but you know what I mean.
"I know one thing, that I know nothing." Sokrates
  • #11,248
  • Nov 22, 2011 10:52am Nov 22, 2011 10:52am
Tom,
At first I thought it was something of the theatre of the Absurd.
But if one takes Sarkozy at face value, we just had a very major rift between the west and the east come to light today.

I am watching the Aussie as if this is a restructuring event and not a bailout then Asia is getting its apron strings cut.
  • #11,249
  • Nov 22, 2011 11:08am Nov 22, 2011 11:08am
My indicators are showing a strong bias to the upside for the immediate future on both the S&P and EURUSD. Even though longer term I still think EURUSD is headed down, we may see 1.38 before we head lower. I am remaining on the sidelines for now except for intraday scalp trades both ways.
Observation is the path to discovery.
  • #11,250
  • Nov 22, 2011 11:11am Nov 22, 2011 11:11am
John Mauldin is speaking on CNBC TV
Those who say it cannot be done should not interrupt those who are doing it
  • #11,251
  • Nov 22, 2011 11:18am Nov 22, 2011 11:18am
Quoting Alorente
My indicators are showing a strong bias to the upside for the immediate future on both the S&P and EURUSD. Even though longer term I still think EURUSD is headed down, we may see 1.38 before we head lower. I am remaining on the sidelines for now except for intraday scalp trades both ways.
Hi Alorente,
I don't see that in my charts.
Can you post a chart showing that please?
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #11,252
  • Nov 22, 2011 11:25am Nov 22, 2011 11:25am
Quoting foto
Tom,
At first I thought it was something of the theatre of the Absurd.
But if one takes Sarkozy at face value, we just had a very major rift between the west and the east come to light today.
I dont get what you mean. You think EU is abusing IMF? I think not, as US had to approve that. The link I see is this - FED prints - borrows to ECB - ECB borrows to IMF - IMF leverages - borrows to France. It is sick, but US approved.

Would be glad if you expanded on topic.

T.
"I know one thing, that I know nothing." Sokrates
  • #11,253
  • Nov 22, 2011 11:26am Nov 22, 2011 11:26am
Quoting PipTrapper
Hi Alorente,
I don't see that in my charts.
Can you post a chart showing that please?
Cheers
PT
The 2 green bullish divergence arrows on the Trix plus both the Fast Trix and the Slow Trix green and both over 0 indicate the base is likely to resolve itself to the upside. The RSI down trendline is likely to be broken since the RSI is slowly climbing while the horizontal base is forming. The Daily chart also shows bullish divergence, The same patterns are showing on the S&P charts.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #11,254
  • Nov 22, 2011 11:29am Nov 22, 2011 11:29am
Quoting Alorente
The 2 green bullish divergence arrows on the Trix plus both the Fast Trix and the Slow Trix green and both over 0 indicate the base is likely to resolve itself to the upside. The RSI down trendline is likely to be broken since the RSI is slowly climbing while the horizontal base is forming. The Daily chart also shows bullish divergence, The same patterns are showing on the S&P charts.
Also, my own Lorente indicator is showing a strong bullish bias for the next 20 days. This is an indicator I have developed over the past 20 years. It is my main trading tool.
Observation is the path to discovery.
  • #11,255
  • Nov 22, 2011 11:29am Nov 22, 2011 11:29am
Quoting Alorente
The 2 green bullish divergence....
Damn I am glad I dont use technical indicators . All I see is a submarine and a possible intervention on Thursday, resulting to spike possibly to 366 - 3689. I am covering all shorts from zone 350 - 361.

Btw, welcome back Alorente, good to see you.

Edit: 20 years, 20 days. Reminds me Eurozone 2020 program. 20% of renewable sources till 2020. You know how it ended. Solar plants everywhere, expensive electricity and rising food prices. Damn, I am going off the road again, sry.

T.
"I know one thing, that I know nothing." Sokrates
  • #11,256
  • Nov 22, 2011 11:38am Nov 22, 2011 11:38am
Quoting Alorente
Also, my own Lorente indicator is showing a strong bullish bias for the next 20 days. This is an indicator I have developed over the past 20 years. It is my main trading tool.
Here is the S&P H4 chart. The same bullish divergences are showing on the Trix, which is even more bullish than the EURUSD Trix. Also a bullish divergence is building on the RSI.

The bullish move may still take a day to develop, but I think itīs coming.
Observation is the path to discovery.
  • #11,257
  • Nov 22, 2011 11:38am Nov 22, 2011 11:38am
Quoting Alorente
Here is the S&P H4 chart. The same bullish divergences are showing on the Trix, which is even more bullish than the EURUSD Trix. Also a bullish divergence is building on the RSI.

The bullish move may still take a day to develop, but I think itīs coming.
Her is the S&P chart.
Attached Image (click to enlarge)
Click to Enlarge Name: s & p - h4.jpg Size: 107 KB
Observation is the path to discovery.
  • #11,258
  • Nov 22, 2011 11:42am Nov 22, 2011 11:42am
Gtg again. I can see you typing foto . Thx. I am really looking forward to read your opinions. Cya later,

T
"I know one thing, that I know nothing." Sokrates
  • #11,259
  • Nov 22, 2011 11:42am Nov 22, 2011 11:42am
Tom,
In response, the West has taken the bailout/print money approach to the trade imbalances with Asia. Keep the circus going at all cost.

Today this may be the end of accepting currency manipulation from Asia and then doing a whitewash over it as if it didn't exist.

If the diagnosis is correct, then we have hit the price limit for that behavior. Given this is an correct interpretation of events then the trade wars, (funded by currency imbalances), have just escalated.

Will have to let the markets digest this and see what comes out.
  • #11,260
  • Nov 22, 2011 11:43am Nov 22, 2011 11:43am
Seems the general consensus on FF is that the EU will spike up between 1.38- 1.42 then drop

That being said... I'm short now... Before the rug gets pulled out...

This IMF thing is a joke IMO... Just watch the bond markets...
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