US Stock market / Gold cycles 1850 - 2013
US Stock market / Gold cycles and bank failures 1928 - 2024
Ready to buy :)
Now, the eye is on the Gold & Silver.
AMERICA: Freedom To Fascism. Aaron Russo Interview.
quite conspirators theory, but is good :)
Have you seen USD/CHF chart recently - I saw it 5 min ago, and it looks very interesting - there are a significant channel up.
No such thing in EUR/USD, nor in USD/GBP.
The reason is that CHF crashing according to EUR!!!!!!!!
it sounds like gambling, but Monday dollar will be down. I think.
Here what I got as a responce, I believe he is right:
I'll just make a quick comment on what you said above based on my own personal experience. It is when "I think" that I get myself into trouble. What I mean, is if have a preconceived thought on which way the market or a stock is headed, then I am inviting emotions to play havoc with my trade. IMO, it is best not to have a preconceived notion about something as the market is never wrong, only you are.
Emotions set in and most of us don't have control of our emotions the way the professionals do and that is why most traders lose money.
^HUI broke upper boundary, but then return back, currently it is on the down boundary. HUI should NOT broke it, because else a big mess will happen :(
Currently we have relatively very strong dollar, and may be this is the reason of this decline. We believe the dollar will fall in 2-3 days and ^HUI will broke much over upper boundary line. Of cource, what we believe will happen and what will happen, are totaly different things. More for this on next post.
we have full moon tonight - 7.sep.2006...
people going crazy, markets going crazy :)
Dollar up, everything down...
However, what we see in HUI is may be, a goodbye kiss.
This is when the stock/index return to it's previous boundary, and then go uo from there.
so we shall see tomorrow.
As we can see yellow lines, there are a up channel. However, we see TWICE that support becaming resistance. If so, shall we still think that EUR is bullish?
But because this is what we think and work with, we think that the better picture is that there are sideways and a rectangle - orange lines. This rectangle should be broken on the upper boundary very soon. We shall see...
EUR/USD : Traders are idiots :)
As we can see from EUR/USD chart, we have rising EUR every morning, and faling EUR every afternoon :) Looks like traders are real idiots.
One possible explanations I read is that EUR/USD market is not that big as stock exchange, and when some funds exchange (or buy/sell) currency, it really change the price with about 1 cent.
We are bullish on EUR.
There were recently forming H&S top in Dollar / Yenn.
However I can not see it now, so seems it broken.
Anyway I do not know anything about Japan economy, so I skip playing it.
I can speculate now if we see wedge or continiosly trying to hit resistance level.
The chart looking similar to HUI, but I will check it later.
Everybody publishing this, so let me publish same chart too ;)
HUI *MUST* break the ~350 level, in order to go higher.
The gold have simetric triangle (and I think it will break the top), but if HUI broke, gold will follow.
New think comming up - shorting Nasdaq in couple of days. We can see the down channel that the index "crashed".
However we will give it, some more time, till the conditions are set, util the index go to upper boundary line. There are one other possible target - orange line.
Shorting is not as easy as it seems, even lot of people crying market crashing... Indexes crashing indeed, but may be crash will occure little bit later, in a week, and not right now.
So better strategie for now - watching and waiting.
because EUR/USD "touch" my stops 3 times, and then resume the thrend I expected, but of cource I was out of the game with some loses.
EUR/USD showing some very interesting figures, which I will post here later, or may be tomorrow, but for sure I will NOT trade for at least 4-5 days.
you may see the last chart here -
EUR / USD is complete mess right now.
Interesting idea what may be happening, you may see here - http://biiwii.blogspot.com/ (July 26, 2006)
In Deutsche bank analisys, they say is because lot of traders set short positions... We will see...
We were NOT set correct stop so now we "repairing" our position.
Since we are still bullish for EUR, we believe that the channel is as following, and we will hold 1-2 days more.
Here is a chart for it.
Hope will get some small money out it :)
After stock market close, and we have hopefully movement of EUR/USD up,
we will need to evaluate the target, and to move the stop where it should be
(currently my stop is related to how much I am willing to lose)
It looks that USD go up via the channel (image1).
No matter how you will draw upper trend boundary, the channel is broken now.
The image2 is same, but for more time. It shows what I think there is support at about 1.25, and resistance at 1.27. the resistance at 1.27 was also support one month ago.
Interesting are fibonachi levels (not on attached file) between top on 06/05/06 and bottom yesterday. We are on exactly 38%, and from recent top on 07/07/06, we are at 50%.
Im buying some EUR now...