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Cesarnc's market talk, gossips, rumours & fun

  • #25,041
  • Mar 26, 2012 7:45am Mar 26, 2012 7:45am
wow!.....been a bit of a wild ride from early Europe into the US Open licked off by the Bernanke speech.........looks like Gross got out in front of Hilsenrath this time.

EUR/USD to 1.34 and 1.35?........looks possible if it breaks decisively above 1.33
  • #25,042
  • Mar 26, 2012 7:56am Mar 26, 2012 7:56am
.........In deed there is power now........so it took all resistances and suports on the yurow and franc, well at least some action.........good luck folks........fxhermit what do you think of my brother in law?
The Chonchy
  • #25,043
  • Mar 26, 2012 9:00am Mar 26, 2012 9:00am
..........a drop in home sales could bring 3350.....
The Chonchy
  • #25,044
  • Mar 26, 2012 9:04am Mar 26, 2012 9:04am
........Big drop in home sales, it should fly up.........
The Chonchy
  • #25,045
  • Mar 26, 2012 9:32am Mar 26, 2012 9:32am
Chonchy..........your brother in law was obviously very talented. I worked in New York for a while from mid 90s to around 2000 and remember seeing the installation art exhibitions so I guess Felix Gonzalez-Torres probably played a role in promoting the concept and making it so popular......rip.
  • #25,046
  • Mar 26, 2012 9:38am Mar 26, 2012 9:38am
the NA sessions have been such duds and so flat lately it is always a guess if there will be follow through although the tone looks like it is set for a dollar sell off, and not bad considering the USDX was pushing down from significant resistance.......kind of fits into central planning and then the follow up speech from Bernanke this AM and Gross underscoring another round of QE for the Apr FOMC........

the old addage applies about being able to slide a lot further on bullshit than gravel and the FED still hasn't announced a dime.........it is all just inferred.

pretty smart psych gaming if you ask me.
  • #25,047
  • Mar 26, 2012 11:33am Mar 26, 2012 11:33am
Quoting roro53
the old addage applies about being able to slide a lot further on bullshit than gravel
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,048
  • Mar 26, 2012 11:36am Mar 26, 2012 11:36am
Quoting chonchy
.........In deed there is power now........so it took all resistances and suports on the yurow and franc, well at least some action.........good luck folks........fxhermit what do you think of my brother in law?
Inspiring! Very talented man who was not afraid to push the boundaries and to tackle the difficult and emotional subject of AIDS. My he rest in peace and be long remember for his contibutions.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,049
  • Mar 26, 2012 11:59am Mar 26, 2012 11:59am
Does volatility equal opportunity. Only if one can manage to stay on the right side of it, I suppose. I don't see support and resistance as loosing its classical status any time soon after all its been around since day one in the pit (pun intended) and will remain so .... at least until the Martians invade, then all bets are off .

I'm in the process of revamping my charts. Same old methodology, trade away from S/R but am trying to put in less screen time by letting the computer handle some of the alert functions. Also looking for reliable S/R indicators and evaluating them to see if I can get away from some of the hand drawing - hand drawing S/R levels is easy but can get a bit tedious after the umpteenth time around. So far I've found a few interesting ones that come close to what I'm looking for but have not yet found one that completely serves the bill.

One of the reasons for wanting to spend less sceen time is that I will be taking some extended time off. Apparently, the little bugger up that I did to my body a while back has done more damage than initially thought so am slated for some intensive physio and doctor ordered down time. Ah, such is life. Perhaps a little herbal medication is in order puff puff. Is that a chocolate bar I see .........
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,050
  • Edited 1:39pm Mar 26, 2012 12:21pm | Edited 1:39pm
Been on the road and then in an office today. Don't want to give location - for fear of more speculation upon vocation.

Anyway, have read the thoughts posted since last I was present, and would like to applaud you all. Now here's one to think over whilst I go for a meal.

The only way that Greece could honour to pay those bondholders that would receive 100% no matter what happened during the March 9th psi date - and it was a small percentage - was to raid public utility funds the day before. Well over a Billion Euros was taken from hospital and education funds, without the account holders permission, by those in the know... that is, major bankers and politicians - it is illegal. People will die from this as it was core funding - you know, to cover day-today operations.

Now, doesn't this add weight to my argument that Greece has not received any 'real' money from anywhere other than the ECB printing press, and also supports the assertion that the IMF had pulled out? I guess most holders of money to give away are keeping it for the big one - Spain, or Italy - but there is simply not enough to cover this calamity.

Returning to the default that never was last Friday... the Greeks don't have the money, and so extended the deadline for English Law bond holders to agree to participate in the psi swap. Pff, these people don't want to, and it would not surprise me if they know that although they will not receive 100%, they will receive more in the event of a default, than they would if they took the haircut.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,051
  • Mar 26, 2012 12:24pm Mar 26, 2012 12:24pm
well, hermit....i do hope you recover quickly and will not be so out of it being worked over by the physio nurses that you cannot type a few far out thoughts here and there.

as for the markets..........the NA session is another dud. amazing how all of the price action is taking place in the early European and London sessions.

quite the roller coaster ride last night.

reminds me of puppet theatre.
  • #25,052
  • Mar 26, 2012 12:24pm Mar 26, 2012 12:24pm
Quoting fxhermit
Does volatility equal opportunity. Only if one can manage to stay on the right side of it, I suppose. I don't see support and resistance as loosing its classical status any time soon after all its been around since day one in the pit (pun intended) and will remain so .... at least until the Martians invade, then all bets are off .

I'm in the process of revamping my charts. Same old methodology, trade away from S/R but am trying to put in less screen time by letting the computer handle some of the alert functions. Also looking for reliable S/R...
.......Get wellsoon my friend.........

.........yeah I know those hand drawing thingys get tedious I know.......we should mechanise.......

Inserted Video
The Chonchy
  • #25,053
  • Edited 1:02pm Mar 26, 2012 12:33pm | Edited 1:02pm
Quoting roro53
Chonchy..........your brother in law was obviously very talented. I worked in New York for a while from mid 90s to around 2000 and remember seeing the installation art exhibitions so I guess Felix Gonzalez-Torres probably played a role in promoting the concept and making it so popular......rip.
thanks a lot roro53, yes he was talented and a good person too, he did place a few billboards all over new york while he was alive yes......


http://www.google.com/imgres?imgurl=...9QEwAw&dur=364

http://digitaljournalist.org/issue01...es/torres1.jpg

24 of them to be exact he did place on New York........
The Chonchy
  • #25,054
  • Mar 26, 2012 12:35pm Mar 26, 2012 12:35pm
Quoting fxhermit
Inspiring! Very talented man who was not afraid to push the boundaries and to tackle the difficult and emotional subject of AIDS. My he rest in peace and be long remember for his contibutions.
........Thanks fxhermit, it means a lot coming from you knowing you a little bit by now, thanks a lot........
The Chonchy
  • #25,055
  • Mar 26, 2012 1:21pm Mar 26, 2012 1:21pm
........well here is the dilema, I think the franc want's to keep going, MACD came to recuperate to the 0 line and all, but........the chart is down compleatly and is 2:00 allready so......0.9000?

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The Chonchy
  • #25,056
  • Mar 26, 2012 1:28pm Mar 26, 2012 1:28pm
Quoting 45Condor
Been on the road and then in the office today. Don't want to give location - for fear of more speculation upon vocation.

Anyway, have read the thoughts posted since last I was present, and would like to applaud you all. Now here's one to think over whilst I go for a meal.

The only way that Greece could honour to pay those bondholders that would receive 100% no matter what happened during the March 9th psi date - at it was a small percentage - was to raid public utility funds the day before. Well over a Billion Euros was taken from hospital and...

.......I beleive they will be bether off defaulting but that is only me.......if they are going to get more money defaulting and they are going to get a clean chance to start then I'm up for it, but if they are going to get more money because they are going to be stuck with the debt, I'm up for the rock trowing.......hope not, but if is the only way to make them goverment understand.........
The Chonchy
  • #25,057
  • Mar 26, 2012 1:31pm Mar 26, 2012 1:31pm
.......all charts on the franc are down but, it is a bear trap? I don't think so but something tell me not to enter short here, I don't know why.......when they see everybody one way, they go the other.......

"pretty smart psych gaming if you ask me."........... just like roro53 said.......

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The Chonchy
  • #25,058
  • Mar 26, 2012 1:40pm Mar 26, 2012 1:40pm
...not one for commenting upon sad reflection, but don't think it is ignored, Chonchy.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,059
  • Mar 26, 2012 1:40pm Mar 26, 2012 1:40pm
And stopped out on EU, and will most likely experience the same with the wild card on GU.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,060
  • Mar 26, 2012 1:42pm Mar 26, 2012 1:42pm
........If there is a theory to this madness, let god come and see it, because I don't get why price is going up and I keep selling short........

..........overtrading, #1 cause of death in the healeah area..........

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The Chonchy
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