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  • #14,841
  • Nov 7, 2012 10:25am Nov 7, 2012 10:25am
Quoting clockwork71
Now that the results are in......the possibility of falling off of the fiscal cliff just got higher. The President has ran such negative ads (as well as the groups that represent him) in the US markets that it is very difficult to imagine a situation where the House will be willing to work with him.

At best we are looking at a "kick the can down the road for a year" approach as nothing has essentially changed after the election.
You mean, for four years... given nothing changes in the midterm elections.
  • #14,842
  • Nov 7, 2012 10:28am Nov 7, 2012 10:28am
Quoting o990l6mh
You mean, for four years... given nothing changes in the midterm elections.
Congress up for reelection in two. Eh... maybe then?
  • #14,843
  • Nov 7, 2012 10:31am Nov 7, 2012 10:31am
Quoting Venice
Congress up for reelection in two. Eh... maybe then?
Yes, that's what I meant with the midterm elections. The GOP certainly is reeling after this and they know their core voters are getting fewer so they will need to do something radical to be able to fight the DEM in the future.

If they fail again in two years it could give DEM full power.
  • #14,844
  • Nov 7, 2012 1:57pm Nov 7, 2012 1:57pm
Quoting o990l6mh
Yes, that's what I meant with the midterm elections. The GOP certainly is reeling after this and they know their core voters are getting fewer so they will need to do something radical to be able to fight the DEM in the future.

If they fail again in two years it could give DEM full power.
They shoulda gone with Ron Paul.
  • #14,845
  • Nov 7, 2012 1:58pm Nov 7, 2012 1:58pm
Quoting stewrigh
They shoulda gone with Ron Paul.
I actually kinda liked Gary Johnson. I hope he gets far more coverage in the next cycle. Extreme in ideals (especially budgetary; he is fiscally conservative), but I like it to shake things up a bit. He is also a supporter of the fair tax.
  • #14,846
  • Nov 7, 2012 10:43pm Nov 7, 2012 10:43pm
Quoting o990l6mh
You mean, for four years... given nothing changes in the midterm elections.
Actually, that's not always the case. In 96 we saw massive changes. Unfortunately, Bill Clinton isn't President......
  • #14,847
  • Nov 7, 2012 10:46pm Nov 7, 2012 10:46pm
Quoting o990l6mh
Yes, that's what I meant with the midterm elections. The GOP certainly is reeling after this and they know their core voters are getting fewer so they will need to do something radical to be able to fight the DEM in the future.

If they fail again in two years it could give DEM full power.
My perspective is this: If the economy doesn't pick up in the next two years - the Dems are in serious trouble. Lets be honest: The electorate gave Obama a second chance, even though he didn't do much to improve the economy. There is a real chance that he gets blamed for all of this. You should have seen the commercials......there was one that even suggested that his challenger was responsible for the death of a woman! (Ironic, as the President's party has a patron saint named Teddy Kennedy who actually did kill a woman in the 60s.)

I have never seen an election so dirty, and I suspect the electorate will be in no mood for more of this. However, it just worked, and it seems that we have set the bar quite a bit lower for the next election.....

Chris
  • #14,848
  • Nov 7, 2012 10:47pm Nov 7, 2012 10:47pm
Quoting Venice
I actually kinda liked Gary Johnson. I hope he gets far more coverage in the next cycle. Extreme in ideals (especially budgetary; he is fiscally conservative), but I like it to shake things up a bit. He is also a supporter of the fair tax.
Johnson was a good guy. It is a shame that people like him don't get more exposure. I didn't vote for him, but to be honest - he would have been a better choice than Obamney.
  • #14,849
  • Nov 8, 2012 8:59pm Nov 8, 2012 8:59pm
H12 update. Nothing too much going on. I personally would like to see 2825 touched for some selling.
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  • #14,850
  • Nov 8, 2012 9:00pm Nov 8, 2012 9:00pm
Quoting clockwork71
Johnson was a good guy. It is a shame that people like him don't get more exposure. I didn't vote for him, but to be honest - he would have been a better choice than Obamney.
Yep. Something different, and someone who would make the drastic changes that no one else will. Of course, we have half the people whom support him, but don't because it's a 'wasted vote'.. and the cycle continues.
  • #14,851
  • Nov 9, 2012 1:29pm Nov 9, 2012 1:29pm
Ok I'm getting bored watching this one but might be getting closer.

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  • #14,852
  • Nov 9, 2012 11:04pm Nov 9, 2012 11:04pm
I'm very biased here (since I'm long already), but I do like the look of this pinbar & the higher volume this week versus the past few weeks...

MIDD:
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  • #14,853
  • Nov 10, 2012 7:44am Nov 10, 2012 7:44am
Quoting InfinitySL
I'm very biased here (since I'm long already), but I do like the look of this pinbar & the higher volume this week versus the past few weeks...

MIDD:
Attachment
That's a nice uptrend you got there. 100$ would be a good level to jump on board (if price was willing, of course).
  • #14,854
  • Nov 10, 2012 7:47am Nov 10, 2012 7:47am
FAZ Breakout?

http://stockcharts.com/h-sc/ui?s=FAZ

I've been looking to get a bit more involved in equities. Could be a good starting point.
  • #14,855
  • Nov 10, 2012 8:49am Nov 10, 2012 8:49am
Quoting stewrigh
Ok I'm getting bored watching this one but might be getting closer.

Attachment

I've been watching this one as well......and you are correct - I have been bored with doing so. But I think you are right.....it should move soon.
  • #14,856
  • Nov 10, 2012 8:51am Nov 10, 2012 8:51am
Quoting InfinitySL
I'm very biased here (since I'm long already), but I do like the look of this pinbar & the higher volume this week versus the past few weeks...

MIDD:
Attachment
I does looks strong, and you certainly cannot argue with the overall trend......of course it also matters where you are long from as to whether or not you can use large or small stop losses..
  • #14,857
  • Nov 10, 2012 8:52am Nov 10, 2012 8:52am
Quoting Venice
FAZ Breakout?

http://stockcharts.com/h-sc/ui?s=FAZ

I've been looking to get a bit more involved in equities. Could be a good starting point.
Since this is bearish financials.....I would be willing to take a position. There are a lot of political forces lining up against the banks at the moment, and if we slow down.....the banks will get hit hard. Certainly worth the risk/reward ratio.
  • #14,858
  • Nov 10, 2012 11:14pm Nov 10, 2012 11:14pm
Quoting clockwork71
I does looks strong, and you certainly cannot argue with the overall trend......of course it also matters where you are long from as to whether or not you can use large or small stop losses..
Agreed. My basis is low 100s, so I've given it room (wide stop). Certainly a longer-term trade since I'm playing the weeklies. I don't have as much time to look at 4H or sometimes even dailies, so i've gone almost completely to weeklies. Also my job makes me hold any stock trade for at least 30-days, so i pretty much HAVE to give it room :-)
  • #14,859
  • Nov 11, 2012 4:55pm Nov 11, 2012 4:55pm
Quoting InfinitySL
Agreed. My basis is low 100s, so I've given it room (wide stop). Certainly a longer-term trade since I'm playing the weeklies. I don't have as much time to look at 4H or sometimes even dailies, so i've gone almost completely to weeklies. Also my job makes me hold any stock trade for at least 30-days, so i pretty much HAVE to give it room :-)
Probably going to pay off nicely, these rules someday.......if we ever get back to a healthy market that is.
  • #14,860
  • Nov 11, 2012 10:33pm Nov 11, 2012 10:33pm
I don't know if I have ever traded this pair, but I went long AUD/SEK. This makes sense if you think about it, as both are "risk on" currencies. However, the SEK is more generally situated with the idea of "risk on" in Europe, while the AUD is more associated with "risk on" in Asia. In some ways, this is the same as saying Asia should do better than Europe......
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