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Mr. Scott's Crayon Thread

  • #7,801
  • Jan 24, 2017 1:24am Jan 24, 2017 1:24am
Quoting squawk
{quote} Posted by Lance Roberts on his Twitter feed but he is a constant bear....I like the chart. {image}
The most balanced route for me would be mild sell off now to breakout, as you say, followed by steady rising into Autumn and then it's hazy. But I know better than to expect the expected. I heard one pundit call the spx bullish last year, it was so obviously broken but...once again it climbed the wall of worry. This is an extraordinary market in extraordinary times. Where on current map did Isaac Newton re-buy his tulips and lose his fortune. The mind of the smartest man that ever lived claimed, temporarily, by the madness of crowds. Well that point is yet to come I'd say. All I need is a bag of Lavazza and some good patterns to keep on churning.
It's all about bucks, kid. The rest is conversation.
  • #7,802
  • Jan 24, 2017 1:28am Jan 24, 2017 1:28am
AJ I like the setup here if it comes. I feel like we have reached the lows for AJ with Aussies interest rates possible hike into end this year or next.
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  • #7,803
  • Jan 24, 2017 1:29am Jan 24, 2017 1:29am
Quoting Lalu
{quote} The most balanced route for me would be mild sell off now to breakout, as you say, followed by steady rising into Autumn and then it's hazy. But I know better than to expect the expected. I heard one pundit call the spx bullish last year, it was so obviously broken but...once again it climbed the wall of worry. This is an extraordinary market in extraordinary times. Where on current map did Isaac Newton re-buy his tulips and lose his fortune. The mind of the smartest man that ever lived claimed, temporarily, by the madness of crowds. Well...
Good post Ben and totally agree with you.....

Mind you I'll go for Victorian.
  • #7,804
  • Jan 24, 2017 1:39am Jan 24, 2017 1:39am
Quoting squawk
AJ I like the setup here if it comes. I feel like we have reached the lows for AJ with Aussies interest rates possible hike into end this year or next. {image} {image}
I've been listening a bit to Steve Keen lately. He is very pessimistic on Australia short/med term, especially the housing market. By the sounds of it a bit of deflation would be a good thing. Though if commodities keep running I don't see why the party can't keep going.
It's all about bucks, kid. The rest is conversation.
  • #7,805
  • Jan 24, 2017 1:56am Jan 24, 2017 1:56am
Quoting Lalu
{quote} I've been listening a bit to Steve Keen lately. He is very pessimistic on Australia short/med term, especially the housing market. By the sounds of it a bit of deflation would be a good thing. Though if commodities keep running I don't see why the party can't keep going.
Not a huge fan of Steve Keen. Hes beens calling a big housing crash in Australia since 2002, since that time I think the market would have run about 120%. Mind you a lot of his stuff makes sense and eventually if you call a market crash for 15 years your probably going to be right at some stage. There is a recent interview in Real Vision TV. For me he is very much an academic economist. I haven't listened to much of him lately apart from watching the Real Vision interview.

Do you have some recent stuff you have been watching?
  • #7,806
  • Jan 24, 2017 2:24am Jan 24, 2017 2:24am
Quoting squawk
{quote} Not a huge fan of Steve Keen. Hes beens calling a big housing crash in Australia since 2002, since that time I think the market would have run about 120%. Mind you a lot of his stuff makes sense and eventually if you call a market crash for 15 years your probably going to be right at some stage. There is a recent interview in Real Vision TV. For me he is very much an academic economist. I haven't listened to much of him lately apart from watching the Real Vision interview. Do you have some recent stuff you have been watching?
Well that's very interesting. I only recently caught on to him via macrovoices and the two interviews there are about the most comprehensive that I've heard. There is a lot of stuff on youtube, perhaps too much. Next time I see anything from him or anyone else I think is worthwhile I'll stick it up.
It's all about bucks, kid. The rest is conversation.
  • #7,807
  • Jan 24, 2017 2:29am Jan 24, 2017 2:29am
Quoting Lalu
{quote} Well that's very interesting. I only recently caught on to him via macrovoices and the two interviews there are about the most comprehensive that I've heard. There is a lot of stuff on youtube, perhaps too much. Next time I see anything from him or anyone else I think is worthwhile I'll stick it up.
I don't discount his views at all. I think he has a lot of good things to say but he famously sold out of all his Real Estate here in Australia and went on just about every news shows there was preaching doom and gloom. Unfortunately for him when the property crisis didn't happen he became a bit of a laughing stock here in Australia. But I think he is a smart guy with some good views.

PS he does like to self promote himself as well.
  • #7,808
  • Jan 24, 2017 2:31am Jan 24, 2017 2:31am
Thank god

Wheeler I think is being pushed out the door with no second term.

http://www.stuff.co.nz/business/8858...ty-or-maverick

The former Treasury deputy secretary and World Bank official has come under fire from a number of sides, from his decision to raise interest rates in 2014 and failure to hit inflation targets, to his poor communications on interest rate strategy and housing interventions. Some - including Treasury - have questioned whether he has overstepped his mandate.
  • #7,809
  • Jan 24, 2017 2:32am Jan 24, 2017 2:32am
Quoting squawk
{quote} I don't discount his views at all. I think he has a lot of good things to say but he famously sold out of all his Real Estate here in Australia and went on just about every news shows there was preaching doom and gloom. Unfortunately for him when the property crisis didn't happen he became a bit of a laughing stock here in Australia. But I think he is a smart guy with some good views.
I see. He took the master/fool gamble. Which in the end doesn't make you a master or a fool just labels you as one.
It's all about bucks, kid. The rest is conversation.
  • #7,810
  • Jan 24, 2017 2:34am Jan 24, 2017 2:34am
Quoting squawk
{quote} I don't discount his views at all. I think he has a lot of good things to say but he famously sold out of all his Real Estate here in Australia and went on just about every news shows there was preaching doom and gloom. Unfortunately for him when the property crisis didn't happen he became a bit of a laughing stock here in Australia. But I think he is a smart guy with some good views. PS he does like to self promote himself as well.
Would you recommend realvision subscription?
It's all about bucks, kid. The rest is conversation.
  • #7,811
  • Jan 24, 2017 2:44am Jan 24, 2017 2:44am
Quoting Lalu
{quote} I see. He took the master/fool gamble. Which in the end doesn't make you a master or a fool just labels you as one.

In his case it didn't work out well for him but he seems to be back in the mix again.
  • #7,812
  • Jan 24, 2017 2:46am Jan 24, 2017 2:46am
Quoting Lalu
{quote} Would you recommend realvision subscription?
If you like watching and listening to mix of smart perspectives then absolutely. I think you can trial for 7 days prior. Worth a trial and take a look inside at some of the content on some rainy days.
  • #7,813
  • Jan 24, 2017 5:06am Jan 24, 2017 5:06am
Quoting Mr. Scott
{quote} Looks good, just took a look. Nice looking chart for opportunity. {image}
Very nice Scott. I have that on my radar too.
It's all about bucks, kid. The rest is conversation.
  • #7,814
  • Jan 24, 2017 6:18am Jan 24, 2017 6:18am
Dear Mr.Scott

What do you think about gold? My idea for short term it will go 1300usd than go down.
Want to know your ideas about gold.
Thank you for all
  • #7,815
  • Jan 24, 2017 6:26am Jan 24, 2017 6:26am
Quoting squawk
{quote} Nice chart Derek. The bulls seem to be getting thinner in the squeeze. You have the Aussie CPI tomorrow so that could be interesting. Im thinking a good figure for Aussie at the moment but will be looking to sell into any squeeze higher. {image}
Thanks squawk. Yes, I remember both you and Scott had posted AU charts yesterday, and yes, me too, i will take every bearish pattern at this situation
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,816
  • Jan 24, 2017 6:29am Jan 24, 2017 6:29am
Quoting squawk
{quote} Its tough call.
looks ugly, so set a BE and walked away. thank god dint get hunt
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,817
  • Jan 24, 2017 6:53am Jan 24, 2017 6:53am
Quoting Jambonn
Dear Mr.Scott What do you think about gold? My idea for short term it will go 1300usd than go down. Want to know your ideas about gold. Thank you for all
Think that is good outlook and good opp, kind of theme for a lot of charts potential test of Trump.

Have some to look before...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,818
  • Jan 24, 2017 7:21am Jan 24, 2017 7:21am
Quoting Mr. Scott
{quote} Think that is good outlook and good opp, kind of theme for a lot of charts potential test of Trump. Have some to look before... {image}
Woooooohoooooo we are aligned
Wooooohooooo or Boooooohooooo
  • #7,819
  • Jan 24, 2017 9:22am Jan 24, 2017 9:22am
Looks lopsided due to zoom, look to take next one too if...test of structure let's see...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,820
  • Jan 24, 2017 9:40am Jan 24, 2017 9:40am
NJ, 618 hit, dont know if it want another shark
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
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