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EurAnalysis Kindergarten 24 replies

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  • #19,401
  • Jan 13, 2012 10:50am Jan 13, 2012 10:50am
Quoting PipTrapper
If France was really downgraded, I cannot see S&P releasing the official report while NYSE are still trading.
I agree. S&P usually releases after NY close.
I don't care which way the market is going as long as it's going my way
  • #19,402
  • Jan 13, 2012 10:53am Jan 13, 2012 10:53am
Quoting Tyoon
The first 40 secs says it all for me.

http://www.youtube.com/watch?v=DSiOeyKMPLo


Inserted Video
  • #19,403
  • Jan 13, 2012 11:00am Jan 13, 2012 11:00am
Hi All,

Just back from China. God we have it good. Despite everything wrong with the world, life has never been better for the vast majority of humanity. However, if you want to know what the future holds go out and read Brave New World.

And if all you want to do is increase your bank account geometrically, go out and read Fortunes Formula. It addition to being a total page turner (for geeks like me) it combines the disparate threads of organized crime, optimizing wealth, the birth of quant trading, the rise of the information age, gambling, and wall street. Entertaining and practical. Definitely the best book I have read in the last 300 days or so and I read at least a book a day.

As for my trading, all my TPs were hit and I am feeling sorry for myself that I did not hold them longer. Bitter sweet.

As for the events of the day... starting to get fun. It should bring lots of volatility to the market which means I can stop drinking so much coffee to keep awake. In a very volatile just about any system can make a lot of money except those that use very tight stoplosses.
Kill the ego, or it will kill the mission.
  • #19,404
  • Jan 13, 2012 11:02am Jan 13, 2012 11:02am
Quoting PipKiller
IIRC, there was mention in the feds beige book or something I caught about 11 fed voting members voted for buying mortgage backed securities. I think that's where the QE3 will happen.
PipTrapper made a comment about QE3 not helping Europe. Here is my reply to Piptrapper and my main point about QE3. There was NO POSSIBILITY for political and other reasons that QE3 was coming anytime soon.

The FED has been making sure Europe had the funds by printing them. Each day the ECB has more money parked there by the banks.

Now the FED is in REAL TROUBLE like NEVER BEFORE EVER...

Why do you think they send their messenger Steve Leishman of CNBC to test the waters ?

Something has happened in the last 48 hours that is a Game Changer.

There is NO WAY all these events are not connected. We are in the END GAME and we are in unchartered waters.

I really am looking forward to the next Jim Willie Report on Sunday.

I am not smart enough or experienced enough to understand it all now. Thank goodness I can read and have the background knowledge to understand what is said. I will also look at my other information sources point of view. I will watch Gold very carefully since QE3 is good for Gold.

Have a nice weekend and perhaps before you go you could post that Great Risk On Risk Off Chart that you do from time to time. As Rick Santelli just said this is going to be a very busy weekend for The Powers That Be !!!

All comments by everyone is welcome. We are all entitled to our own views and the only correct view is the TRUE one which still remains to be seen...

3:00 PM EST Announcement On Downgrades...

Dow Down over 100 and all matters are up in the Air... Assume Nothing...
  • #19,405
  • Jan 13, 2012 11:05am Jan 13, 2012 11:05am
Quoting GoldMan.


http://www.youtube.com/watch?v=uesFLe9j2Bo
Haha that was awesome. If you have any more videos/stuff like this I would be grateful if you can PM them to me whenever.
  • #19,406
  • Jan 13, 2012 11:05am Jan 13, 2012 11:05am
Quoting knoholygrail
I really want ever person here to make money. It would make me happy. I am reading the posts here in the last 30 minutes and the discussion is about the charts as we watch the charts head down. I mention FX Trade News (Oanda) since it is free and everyone here can have it. If you had it or look at it you would have known what is going on. Rod said he was flying Blind from his College. I think that maybe his point in another context might be correct. There will be a Downgrade shortly of certain ECB Countries. The news was put out on CNBC and FX Trade...
I'm just back from a long lunch and catching up....these are from Alpari UK's Dow Jones News feed.....time is CET = GMT +1, so the first post was at 15:00:45 CET = 14:00:45 GMT = 09:00:45 EST

2012.01.13 15:00:45 *Euro Hits Session Low, With S&P Downgrade Looking Imminent


2012.01.13 15:11:56 *Euro Dips Below $1.27 With S&P Downgrade Looking Imminent

2012.01.13 15:13:05 *France's CAC Turns Negative Due To Reports Of Imminent S&P Downgrade-Trader

2012.01.13 15:23:16 Euro Hits Session Low Vs Dollar, With S&P Downgrade Looking Imminent

2012.01.13 15:30:14 Euro Falls Below $1.27 With S&P Downgrade Looking Imminent

2012.01.13 16:51:55 *Euro Zone Ratings Expected At 9 PM Ctrl Europe - Frankfurt Time, 3 PM EST-Bloomberg TV
Trading Levels with WRBs
  • #19,407
  • Jan 13, 2012 11:05am Jan 13, 2012 11:05am
Quoting AaronWard
QE 3 should serve to knock the USD down a few hundred points. But still, I doubt that they will do it at this point, excepting the odd 100s of billions in stealth QE every so often.
QE will be done NEXT year this is election year, Obama needs to be re elected and giving more money away and debasing the currency is catching on with the public so i think Mr Obama will probably kick Ben in the nuts if he does any more QE
AVT INVENIAM VIAM AVT FACIAM
  • #19,408
  • Jan 13, 2012 11:16am Jan 13, 2012 11:16am
PipTrapper,

They are the cause of 90% of all the problems in every country & we keep putting them, or someone else like them back in office everytime.

_________________________
  • #19,409
  • Jan 13, 2012 11:19am Jan 13, 2012 11:19am
Quoting knoholygrail
Have a nice weekend and perhaps before you go you could post that Great Risk On Risk Off Chart that you do from time to time. As Rick Santelli just said this is going to be a very busy weekend for The Powers That Be !!!

All comments by everyone is welcome. We are all entitled to our own views and the only correct view is the TRUE one which still remains to be seen...

3:00 PM EST Announcement On Downgrades...

Dow Down over 100 and all matters are up in the Air... Assume Nothing...

Here ya go.

Money is flowing into US$, US Bonds, meat, orange juice and oats.
Attached Image (click to enlarge)
Click to Enlarge Name: 1207.jpg Size: 93 KB


Price is in an important demand level and a break here quickly sees 1.2150-1.2250 demand area.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 108 KB
I don't care which way the market is going as long as it's going my way
  • #19,410
  • Jan 13, 2012 11:20am Jan 13, 2012 11:20am
Quoting GoldMan.


http://www.youtube.com/watch?v=uesFLe9j2Bo
Bah humbug. Life is great and most people are just to dumb to realize it. Biggest problem is that people are bored silly.
Kill the ego, or it will kill the mission.
  • #19,411
  • Jan 13, 2012 11:21am Jan 13, 2012 11:21am
Quoting PipTrapper
If France was really downgraded, I cannot see S&P releasing the official report while NYSE are still trading.
now what if S&P really stick it to Le Petit Frog and down grade two notches - zut alores the merde will really hit le ventilateur beacoup......
Trading Levels with WRBs
  • #19,412
  • Jan 13, 2012 11:22am Jan 13, 2012 11:22am
Hey, Is it possible for you to update the poll on the front page from 2011 Euro price to something new like "do you think greece will leave in Q1 Q2 Q3 Q4 or next year, never"

thanks.
  • #19,413
  • Jan 13, 2012 11:22am Jan 13, 2012 11:22am
Quoting the redlion
QE will be done NEXT year this is election year, Obama needs to be re elected and giving more money away and debasing the currency is catching on with the public so i think Mr Obama will probably kick Ben in the nuts if he does any more QE
I have changed my mind short term because of today's events none confirmed as yet. If Greece gets NO MONEY in March 2012 it will cause Major Harm to Many banks around the world.

Then with LTRO the latest hairbrain scheme of the ECB the FED most likely is behind the scenes printing more money and getting in return more paper. Then we have France being downgraded yet last week or this week that was not going to happen. Now it is about to happen ?

The SYSTEM IS IN FREE FALL and the only surprise is that it is happening now or so it seems.

Elections aside when you are out of time during a Black Swan Event it is every man and woman for themselves.

This is my own point of view and as more information becomes available I might change my views. I just state my position now pending more confirmed information.

Watch Gold and Oil for clues...

I really am leaving now so have a Good Weekend and Smell the Roses around you and enjoy your friends and family.
  • #19,414
  • Jan 13, 2012 11:22am Jan 13, 2012 11:22am
Quoting PipKiller
Money is flowing into US$, US Bonds, meat, orange juice and oats.
When in chaos and panic, buy orange juice.
  • #19,415
  • Jan 13, 2012 11:27am Jan 13, 2012 11:27am
Quoting PipKiller
Here ya go.

Money is flowing into US$, US Bonds, meat, orange juice and oats.
Attachment

Price is in an important demand level and a break here quickly sees 1.2150-1.2250 demand area.
Attachment
I guess CNN mentioned a cold front approaching Florida = frost, so OJ went limit up.....nice for the longs....
Trading Levels with WRBs
  • #19,416
  • Jan 13, 2012 11:32am Jan 13, 2012 11:32am
Quoting Tyoon
When in chaos and panic, buy orange juice.
I love your sense of humor, your work ethic and your posts here. Take care enjoy your weekend and drink plenty of orange juice. Maybe I will have a ScrewDriver... Vodka and Orange Juice... It has been a while. I had Tropicana Orange Juice this morning with NO PULP...

They just talked about incredible shrinking Yield on US 10 Year Bonds on CNBC. They will talk about it after the break and what it means for stocks. Everything is interconnected so if Equities go down where does money go ?

The 2 Year, 10 Year and 30 Year US Bonds or Gold !!!

Notice how the 30 Year US Bonds are getting much of the buying. The more uncertainty then the longer term US Bonds you want to hold.

NEWSFLASH : France looks to Important Meeting of January 30, 2012. Government officials confirm downgrade.
  • #19,417
  • Jan 13, 2012 11:34am Jan 13, 2012 11:34am
Just Out On CNBC ... Makes sense...

What A Day ... Now I really need a drink. All this news makes me hyper...

Bye Bye for now !!!
  • #19,418
  • Jan 13, 2012 11:35am Jan 13, 2012 11:35am
Thanks for the info, much appreciated.. Could shoot either way at this point..
  • #19,419
  • Jan 13, 2012 11:36am Jan 13, 2012 11:36am
Quoting AaronWard
Bah humbug. Life is great and most people are just to dumb to realize it. Biggest problem is that people are bored silly.
Life Is pretty boring, don't get me wrong, there's much sh!t I still want to do and succeed in but I have come to understand it.
Look at you guys, sitting in front of the screens, watching some candles twitching around like a dog with flees and then posting here and commenting about this and giving your predictions and calls...what a damn crap life!
But hey, i'm the same bastard, theres nothing better do to anyway.
Everything gets boring....
  • #19,420
  • Jan 13, 2012 11:40am Jan 13, 2012 11:40am
Quoting GoldMan.
Life Is pretty boring, don't get me wrong, there's much sh!t I still want to do and succeed in but I have come to understand it.
Look at you guys, sitting in front of the screens, watching some candles twitching around like a dog with flees and then posting here and commenting about this and giving your predictions and calls...what a damn crap life!
But hey, i'm the same bastard, theres nothing better do to anyway.
Everything gets boring....
But most never come to understand it, working hard to buy bigger house, faster car or to get more better looking women...working like slaves for it and most of them never reach it and those who even do...disappointment will be hard, still no happiness.
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