The Really Useless Thread

just a normal bear bounce atm.. with 2902 still the target

what voids 2902, a new high?

G M junkiesss


will greece left out with wet wipes its out of the way for now and we are talking about spain ,

any way if greece is saved why the eur is down ?

its a fed day , does the market knows what the fed will say ???

still east for salvation till we pass 3250 just walking the dog for now


oh rule no. 69 buy high sell low F O G F

yes and no... news could break her out... but after she don't forget. as long as its not drastic news. and if it did break out the extensions usually act like s/r.. there are always exceptions. you can set you watch by it and be on time more then not. London's high open made it seem not ready. had it been been below 3111 things would have been easier.

3118, yest/mid..

3134.5, halfway back of the bounce from 3078..

i tp'd a short there from 3167... nothin major... but FOMC makes me nervous... soooo... better safe than sorry.... will prolly consolidate here anyhow...

41 is a double fib .. we are under with 15 m left... 3122 is a bouncily place.

for the road

same play did hit the top

I'm concerning myself with 3066 and 3186 via the daily close, either one will open a healthly move I suspect...intraday, I might take a look a test/hold/break of 3118 now for some action...although this 3134/37 area is also interesting for a possible long, gl, PTL..

3146, last hours mid..

not so much..

back in an hour, gl, PTL..

needs a lot of USD-power to get EU down (prob annoyed saying this )

USDOLLAR M15:

Morning...A few comments on your post:

You may be mixing up FA issues. Let me give you my opinion as general framework when trying to "understand" FA ("understand" 'cause nobody really have it all "right" all the time)

IMO, you need to differentiate between, long, mid and short term macro factor. You can't evaluate long term factor in a short term charts, neither you can see short term factor in a long term chart. I am not going into macroeconomic details but in general for example in the eur/usd.

Long term (structural problems):
1. US has important issues they need to fix which is debt/deficits. Not solving this issues is a nuclear combination of catastrophic consequence for world economy (Very bearish for the dollar)
2. EZ has equally or worse structural issues to fix. Sluggish growth, ageing population and losing competitiveness by the minute in the new playing field (Very bearish for the euro)

Mid term
1. US is a lot healthier here. Once construction and housing start to pick up and the recovery start translating in US "average" growth terms it will be back on business as usual (bullish for dollar)...Check interest rate hikes and inflation ticking up for a trigger...
2. EZ is in a transition with a bumpy road ahead. Fiscal consolidation, eurobonds, EU economic and political rules, disparities in economic output and fiscal responsibility, etc (blur picture this is bearish for the euro)....check tweets, meetings, summits and ECB conference for reference.

Short term
1. US is picking up fast. Employment going up, stock markets up, entering in bull territory but election year so watchout. (bullish for the dollar...check FED and and hawkish words for triggers as long as NFP, Consumers confidence, Manufacturing, etc keep trending up )
2. EZ is bottoming on the panic debt mode. Lots of wounds and destruction after the last 2 years, we'll need a couple of weeks/months to see the real impact. (bullish for the euro v . short term but neutral in general....check bond markets and main macro numbers to start stabilizing for a trigger)...

So ....any way if greece is saved why the eur is down ?

Greece is not saved. Nothing has change structurally but is LONG/MID term problems after the deal. Euro is not going down yet short term but if it does you may want to check the dollar side (FED) not Greece as is irrelevant short term...and as you said rule no. 69 buy high sell low

This is a very broad generalization but I hope you get my point ...

sisse

rule 69 part A suffix 9b. appendix 87 reference Newtons law. the one on top gets less runoff.

thanks bro, its the feds time from now on with us recovery

greece its a lose lose situation even with the new bonds , who will pay for them greece heck no ,no cash they might sell some gold if they have it,

spain portogal wow no need to talk about them

what about 96

im partial to 68. let her do me. and i will owe her 1.