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Cesarnc's market talk, gossips, rumours & fun

  • #32,421
  • Sep 13, 2012 5:12pm Sep 13, 2012 5:12pm
Monthly 1.3 to 1.32 zone....

Not sure where the 38.2 is, I use a evenly divided retrace scale.
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  • #32,422
  • Sep 13, 2012 5:14pm Sep 13, 2012 5:14pm
kudos to Forexcube

#1359

Sept 12, 09:36PM EST
EU Long @ 1.2913 (100x), Target @ 1.2990
EU Long @ 1.2913 (100x), Target @ 1.3050

http://25.media.tumblr.com/tumblr_m9...7xwvo1_500.jpg
  • #32,423
  • Sep 13, 2012 5:16pm Sep 13, 2012 5:16pm
Quoting pkimnyc
kk, by all appearances... we should go into a major consolidation period next week. imo, another spike might be possible. i would look for topping formation after that.
I am expecting that push up that makes everyone PANIC, then the boys who are putting the orders in will QUIT with the Long orders, and the PANIC will reside, resulting in some new Short orders that will pull this thing back a bit.

It is so common, years of watching price scream, and run, and push.

Then BANG, all out, and BOOM it DROPS>>>>> come do daddy.....
  • #32,424
  • Sep 13, 2012 5:17pm Sep 13, 2012 5:17pm
the FED on meth

http://ca.omg.yahoo.com/blogs/omg-tv...123720181.html

don't miss the vid....
  • #32,425
  • Sep 13, 2012 5:27pm Sep 13, 2012 5:27pm
Quoting pkimnyc
kk, by all appearances... we should go into a major consolidation period next week. imo, another spike might be possible. i would look for topping formation after that.
yea, bizarre, QE to infinity forever every FOMC

fatigue from central planners planning twisting psy bs .........

stopped out on a few shorts c'est lavie

looking to see how the european equity indexes perform although the nikki is up nicely
  • #32,426
  • Sep 13, 2012 5:29pm Sep 13, 2012 5:29pm
Quoting N2FX
I am expecting that push up that makes everyone PANIC, then the boys who are putting the orders in will QUIT with the Long orders, and the PANIC will reside, resulting in some new Short orders that will pull this thing back a bit.

It is so common, years of watching price scream, and run, and push.

Then BANG, all out, and BOOM it DROPS>>>>> come do daddy.....
expecting a lot of stop hunts for the bulls before the spike.
  • #32,427
  • Sep 13, 2012 5:33pm Sep 13, 2012 5:33pm
Quoting pkimnyc
expecting a lot of stop hunts for the bulls before the spike.
Or were seeing stop hunts for the shorts the past year
  • #32,428
  • Sep 13, 2012 5:36pm Sep 13, 2012 5:36pm
Quoting N2FX
Or were seeing stop hunts for the shorts the past year
shorts will get killed automatically. they would be more concerned with killing bulls first.
  • #32,429
  • Sep 13, 2012 6:06pm Sep 13, 2012 6:06pm
Quoting pkimnyc
shorts will get killed automatically. they would be more concerned with killing bulls first.
This is what the bulls look like lately.....

The bears are saying.....slow, chill, back off.......
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  • #32,430
  • Edited 6:52pm Sep 13, 2012 6:36pm | Edited 6:52pm
Quoting roro53
yea, bizarre, QE to infinity forever every FOMC

fatigue from central planners planning twisting psy bs .........

stopped out on a few shorts c'est lavie

looking to see how the european equity indexes perform although the nikki is up nicely
few questions.. mate..

who is the greatest deptor on the whole planet ??

not EU..

who needs more and more devaluation ???

if EUR goes to 1.46 or BEN continue to print look at the weekly chart where we are going with EURUSD

=welcome to the greatest transfer of Wealth.. !!


but first PB or pullback..

EUR likes double tops or double bottoms before establish a new trend..

GOLD @ the top of the range 1550-1770. [triple top].. interesting point
  • #32,431
  • Sep 13, 2012 7:04pm Sep 13, 2012 7:04pm
kind of at a loss for words except to say thanks, Piters

Quoting Piters
few questions.. mate..

who is the greatest deptor on the whole planet ??

not EU..

who needs more and more devaluation ???

if EUR goes to 1.46 or BEN continue to print look at the weekly chart where we are going with EURUSD

=welcome to the greatest transfer of Wealth.. !!


but first PB or pullback..

EUR likes double tops or double bottoms before establish a new trend..

GOLD @ the top of the range 1550-1770. [triple top].. interesting point
  • #32,432
  • Sep 13, 2012 7:32pm Sep 13, 2012 7:32pm
Here is the new song by MUSE, great stuff as always.

Enjoy!

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  • #32,433
  • Sep 13, 2012 7:33pm Sep 13, 2012 7:33pm
Quoting roro53
yea, bizarre, QE to infinity forever every FOMC

fatigue from central planners planning twisting psy bs .........

stopped out on a few shorts c'est lavie

looking to see how the european equity indexes perform although the nikki is up nicely

Today's events were very bizarre indeed. How buying $40Bn of MBS every month supports employment is completely beyond me, and I have a very good grasp on economic fundamentals. I found Bernanke's press conference to be very vague in nature regarding the effects of the Fed's tools it has used this far. There is a lot of empirical data out there to support the side that believes easing has had a very marginal effect on the economy, maybe even a detrimental one. The fact is that the housing market remains depressed and previous policies have not made a positive change. The labor market is in very, very bad shape, and same as housing, previous policies have had very small short term effects. To take the same action over and over again and expect a different result is not a logical approach. All one has to do to get the bigger(more important picture) is look at this chart(post QE1), which should be alarming to say the least. http://research.stlouisfed.org/fred2/series/CIVPART

The fact of the matter is, and what these Keynesian economists fail to understand is that an increase in the money supply(Fed's balance sheet) does in fact create inflation. Their definition of inflation is an increase in general price level. Their assumptions are wrong: What caused that increase in the price level is what inflation is.

What QE does is raise input prices, through an increase in raw commodities prices due to the fact that they are all priced in USD. So firms see their input costs rising and this means that(we must assume they are operating for a profit) their profit margins are compressing, or they are making less money than before, all else equal. So, to reduce this additional cost from the increase in input prices, they will simple cut their labor(either wages or outright), which is the easiest way to reduce the overhead for a business. QE will never work to reduce unemployment in the long term, it will only distort the labor market by increasing the number of disconnected workers.
  • #32,434
  • Sep 13, 2012 7:50pm Sep 13, 2012 7:50pm
Quoting mfoste1
...QE will never work to reduce unemployment in the long term, it will only distort the labor market by increasing the number of disconnected workers.

Wrong regulatory policy couldn't rectify exclusively by QE. Every quarter the same sh*t! Learning performance = 0.
One more toast for the big capital industry! What a f*ck! Poor creature! Grimm Brothers' fary tale?
  • #32,435
  • Sep 13, 2012 8:20pm Sep 13, 2012 8:20pm
great writing...

the employment/unemployment issue is just the latest most timely most convenient rationale to print (rationale probably derived from a series of deep private surveys probing/mining the public psyhe also funded by the publics' money ...irony)

it looks like it is being spun as almost patriotic

2 views out of Ritholz

http://www.ritholtz.com/blog/2012/09...been-expected/

and double up

http://www.ritholtz.com/blog/2012/09/qe-wheeeeeee/

looks all as clear as mud

#32244




Quoting mfoste1
Today's events were very bizarre indeed. How buying $40Bn of MBS every month supports employment is completely beyond me, and I have a very good grasp on economic fundamentals. I found Bernanke's press conference to be very vague in nature regarding the effects of the Fed's tools it has used this far. There is a lot of empirical data out there to support the side that believes easing has had a very marginal effect on the economy, maybe even a detrimental one. The fact is that the housing market remains depressed and previous policies have not made...
  • #32,436
  • Sep 13, 2012 9:41pm Sep 13, 2012 9:41pm
have to admit i really liked it when it was my turn

#32423

checking out for a while so i can check back in later

on that note one last time

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  • #32,437
  • Sep 13, 2012 10:13pm Sep 13, 2012 10:13pm
Quoting roro53
great writing...

the employment/unemployment issue is just the latest most timely most convenient rationale to print (rationale probably derived from a series of deep private surveys probing/mining the public psyhe also funded by the publics' money ...irony)

it looks like it is being spun as almost patriotic

2 views out of Ritholz

http://www.ritholtz.com/blog/2012/09...been-expected/

and double up

http://www.ritholtz.com/blog/2012/09/qe-wheeeeeee/

looks all as clear as mud

#32244...
buy on rumour and buy on news. this is not natural market progression but given the biased upward pressure on the market. shorting has restriction in place for stocks and indices. The market is gamed for upward move. Furthermore, where the money comes from? Just simply print - looks like big party time in election year. Darn it.
  • #32,438
  • Sep 13, 2012 10:23pm Sep 13, 2012 10:23pm
that was cool.....

how is the weather in Singapore?.....lifestyle too

Quoting makefortune
buy on rumour and buy on news. this is not natural market progression but given the biased upward pressure on the market. shorting has restriction in place for stocks and indices. The market is gamed for upward move. Furthermore, where the money comes from? Just simply print - looks like big party time in election year. Darn it.
  • #32,439
  • Sep 13, 2012 10:24pm Sep 13, 2012 10:24pm
Quoting roro53
that was cool.....

how is the weather in Singapore?.....lifestyle too
always hot here.
  • #32,440
  • Sep 13, 2012 11:45pm Sep 13, 2012 11:45pm
Quoting makefortune
always hot here.

Are there nice beach areas in Singapore? The highest tax bracket is 25% right? I have been thinking of moving there but like my name says, I need sunshine and mini skirts
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