but what if his intention is to kill the market? lol
The Chonchy
Cesarnc's market talk, gossips, rumours & fun
- #39,521
- Nov 16, 2012 8:41pm Nov 16, 2012 8:41pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
- #39,522
- Nov 16, 2012 8:44pm Nov 16, 2012 8:44pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #39,523
- Nov 16, 2012 8:46pm Nov 16, 2012 8:46pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
please do.......i'll get some homework in here to get a perspective. thanks again.
- #39,524
- Nov 16, 2012 8:46pm Nov 16, 2012 8:46pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
.......good analisis, lets see what happens sunday, but i concur with a rally on monday, perhaps, who know's maybe, maybe black monday, lol.........only they know for sure.......
- #39,525
- Nov 16, 2012 8:47pm Nov 16, 2012 8:47pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #39,527
- Nov 16, 2012 8:58pm Nov 16, 2012 8:58pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Rally like fade out the long move and continuation of Sale Rally for the Longer term or short term bull rally?
let me not sing victory just yet, it may spit in my face some more........lol
The Chonchy
- #39,528
- Nov 16, 2012 8:58pm Nov 16, 2012 8:58pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
friday candle, imo, has no value. smart money in play for last couple of hours could have been just profit taking. thin market next week. be careful if you are planning on getting in.
So far good for me as I able to get profit from selling @ 1.277x zone and closed @ 1.269x last day and now looking for next trade set up.
A beautiful Morning here, so I am looking at the charts with fresh mind before I get too much busy with other important deliverables for the day.
- #39,529
- Nov 16, 2012 9:00pm Nov 16, 2012 9:00pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Let me tell you a Tale..
Live was tough for the largest empire that had ever spanned the globe. Unemployment levels were at all time highs and getting worse...
And as result PPL were saving money and spending less. Retail shops continued to close their doors and layoffs increased as demand for products slowed.
So, as result the government hired thousand if workers at inflated wages, the administration spent record amounts of money on public works projects, food programs to feed the population and continued to increase the size of military in order to protect their interests around the world.
As a massive cost for these programs continued to increase, the government had no choice but to print money in order to pay the bills..Al of this will ultimately result in the hyper inflationary destruction of the nation currency, and the fall of the empire..
Sound familiar ???
It's already happened.. ROME 301AD under Emperor Gaius Diocletianus
In 301 AD he issued his infamous "Edict of Prices" which imposed the death penalty on anyone selling goods for more than the government mandated prices..and he froze all wages.. BUT prices continued to rise. Merchants could no longer sell their products at profit, so they closed their shops. PPL either left their chosen careers, or just accepted welfare from State...
In order to fund their global expansion and wars, Roman leaders continually de-valuated their currency at the time, which was gold and silver. They did this by Clipping coins and mixing them with lesser metals like copper, year after year, reducing the value of every coin in the process.
This led to rampant inflation by the time Gaius took the throne in 284AD. as it took more and more coins to buy the same amount of goods..
At the time, ROME had a population of about 1mil citizens, and the government was handling out free wheat to 200.000 of them /per day. YUP it is 1 in 5
Today in US 1 in 4 children are now fed by government subsidized food stamps. B/c the economy was so poor, Diocletian adopted a "gun and butter" policy.. Putting ppl to work by hiring thousand of new soldiers and funding numerous public works projects.. This effectively doubled the size of the government and military.
If you compare with US today.. US government and all agencies are responsible for 50% of the US GDP.
AS Diocletian and the Roman government acting as the customer and employer of the last resort, DEFICIT sky-rocketed.. All of theis resulted in the world's first documented HYPERINFLATION..
All currency-based trade came to the end, the economic system reverted to BARTER, and the Greatest Empire in history Collapsed..
Live was tough for the largest empire that had ever spanned the globe. Unemployment levels were at all time highs and getting worse...
And as result PPL were saving money and spending less. Retail shops continued to close their doors and layoffs increased as demand for products slowed.
So, as result the government hired thousand if workers at inflated wages, the administration spent record amounts of money on public works projects, food programs to feed the population and continued to increase the size of military in order to protect their interests around the world.
As a massive cost for these programs continued to increase, the government had no choice but to print money in order to pay the bills..Al of this will ultimately result in the hyper inflationary destruction of the nation currency, and the fall of the empire..
Sound familiar ???
It's already happened.. ROME 301AD under Emperor Gaius Diocletianus
In 301 AD he issued his infamous "Edict of Prices" which imposed the death penalty on anyone selling goods for more than the government mandated prices..and he froze all wages.. BUT prices continued to rise. Merchants could no longer sell their products at profit, so they closed their shops. PPL either left their chosen careers, or just accepted welfare from State...
In order to fund their global expansion and wars, Roman leaders continually de-valuated their currency at the time, which was gold and silver. They did this by Clipping coins and mixing them with lesser metals like copper, year after year, reducing the value of every coin in the process.
This led to rampant inflation by the time Gaius took the throne in 284AD. as it took more and more coins to buy the same amount of goods..
At the time, ROME had a population of about 1mil citizens, and the government was handling out free wheat to 200.000 of them /per day. YUP it is 1 in 5
Today in US 1 in 4 children are now fed by government subsidized food stamps. B/c the economy was so poor, Diocletian adopted a "gun and butter" policy.. Putting ppl to work by hiring thousand of new soldiers and funding numerous public works projects.. This effectively doubled the size of the government and military.
If you compare with US today.. US government and all agencies are responsible for 50% of the US GDP.
AS Diocletian and the Roman government acting as the customer and employer of the last resort, DEFICIT sky-rocketed.. All of theis resulted in the world's first documented HYPERINFLATION..
All currency-based trade came to the end, the economic system reverted to BARTER, and the Greatest Empire in history Collapsed..
- #39,531
- Nov 16, 2012 9:06pm Nov 16, 2012 9:06pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #39,534
- Nov 16, 2012 9:11pm Nov 16, 2012 9:11pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Let me tell you a Tale..
Live was tough for the largest empire that had ever spanned the globe. Unemployment levels were at all time highs and getting worse...
And as result PPL were saving money and spending less. Retail shops continued to close their doors and layoffs increased as demand for products slowed.
So, as result the government hired thousand if workers at inflated wages, the administration spent record amounts of money on public works projects, food programs to feed the population and continued to increase the size of military...
...........great post peters, goes to say that history repeat itself and we are feck.......good post
The Chonchy
- #39,535
- Nov 16, 2012 9:14pm Nov 16, 2012 9:14pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
...........great post peters, goes to say that history repeat itself and we are feck.......good post
- #39,536
- Nov 16, 2012 9:19pm Nov 16, 2012 9:19pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
...........great post peters, goes to say that history repeat itself and we are feck.......good post
It is not a different timeframe, culture, religion, education ... but the same human pattern where we take the less line of resistance.. avoiding any pain to gain the pleasure..
nothing to do with political, global, technological difference or system.. we are humans and we always act the same way when we are facing same danger or pleasure..
we are Humans
with all good and bad behaviors..
- #39,537
- Nov 16, 2012 9:23pm Nov 16, 2012 9:23pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
we are all gonna die...
I have few more historical posts.. on austerities, globalisation and privatization on national resources. too.. but i need a time to process,, maybe in next few days..
my research goes back to Byzantium, rise and fall of the longest lasting empire in our history, 1100Y period..
- #39,538
- Nov 16, 2012 9:24pm Nov 16, 2012 9:24pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Let me tell you a Tale..
Live was tough for the largest empire that had ever spanned the globe. Unemployment levels were at all time highs and getting worse...
And as result PPL were saving money and spending less. Retail shops continued to close their doors and layoffs increased as demand for products slowed.
So, as result the government hired thousand if workers at inflated wages, the administration spent record amounts of money on public works projects, food programs to feed the population and continued to increase the size of military...
- #39,539
- Nov 16, 2012 9:25pm Nov 16, 2012 9:25pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #39,540
- Nov 16, 2012 9:25pm Nov 16, 2012 9:25pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
see the initial reaction first on sunday to monday.
