2008-01-31
Trade
Sold my PBR @ 114 - was made yesterday on the peak.
WTI Cushing Spot 92.33
So may be I will be able to buy it again soon?
WTI Cushing Spot 92.33
So may be I will be able to buy it again soon?
The Gold Drivers 2005 report
An interesting article.
I do not agree Dow will fall to 5000, nor gold will go to $1000 only, but is still interesting to read.
The Gold Drivers 2005 report
I do not agree Dow will fall to 5000, nor gold will go to $1000 only, but is still interesting to read.
The Gold Drivers 2005 report
2008-01-30
We got half point
FED cut 0.50%.
Cut discount rate too.
EUR, Dow, Gold - up.
Whoever bought - congrats :-)
Cut discount rate too.
EUR, Dow, Gold - up.
Whoever bought - congrats :-)
Important comments from me :)
FED rate cut question/discussion:
http://borisc.blogspot.com/2008/01/attraction-points_30.html
http://borisc.blogspot.com/2008/01/attraction-points_30.html
Market sleeping ahead of Fed rate decision
Some headlines from today:
(yes there is no link, just article name)
Stocks Slip Ahead of Fed Decision- AP
Gold slips in light trade ahead of Fed rate decision - Orange
(yes there is no link, just article name)
Stocks Slip Ahead of Fed Decision- AP
Gold slips in light trade ahead of Fed rate decision - Orange
Wal-Mart Reduces Prices & Offers 0% Interest
Wal-Mart Reduces Prices & Offers 0% Interest by Michael Shedlock @ Mish's Global Economic Trend Analysis
http://globaleconomicanalysis.blogspot.com/2008/01/wal-mart-reduces-prices-offers-0.html
http://globaleconomicanalysis.blogspot.com/2008/01/wal-mart-reduces-prices-offers-0.html
Eventual FED cut today
+----------+--------------+-------+------------------+
: Rate cut : USD reaction : Pips : Buy :
+----------+--------------+-------+------------------+
: 0.75 : down much : 70+ : buy imediately :
: 0.50 * : down small : 30-50 : wait for retrace :
: 0.25 : up small : 30-50 : buy imediately :
: 0.00 : up much : 70+ : buy imediately :
+----------+--------------+-------+------------------+
* 0.50% is expected.
2008-01-29
Platinum panic...
Platinum panic, rhodium rout as supplies threatened in the short and long term
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=45353&sn=Detail
... and PLG will be once again down :-)
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=45353&sn=Detail
... and PLG will be once again down :-)
2008-01-28
Natural Gas vs Oil
Oil compared to Natural Gas:
Oil in red, Natural Gas in blue.
This answers the question why shares like PWE falling.
Oil/Natural Gas ratio:
Ratio will fall soon. Natural Gas gain lately.
We will see if Oil will go down or Natural Gas - up.
Oil in red, Natural Gas in blue.This answers the question why shares like PWE falling.
Oil/Natural Gas ratio:
Ratio will fall soon. Natural Gas gain lately.We will see if Oil will go down or Natural Gas - up.
Two articles from Safe Haven
This weekend selection from SafeHaven.com:
- Orchestrating a Bottom? by Joseph Russo
- Fed Day by Lynn T
2008-01-27
EUR/USD view for week JAN/28/2007
I. Important news from the week:
II. EUR/USD weekly:
Here we finally see EUR tested the old wedge (brown) and bounce from it (I know the line is not very precisely drawn). Now EUR must continue high.
Because parallel channel has broken upper line, I may suggest two target possibilities - the two blue lines.
III. EUR/USD 1 day chart:
No lines here, but we see higher lows and lower highs. This is a triangle. I believe this triangle will be broken on the top this week, and we will see 1.49 at first time.
Note that price go to upper triangle boundary, so we will see 1.48 "for sure".
IV. EUR/USD 1 hours chart:
This chart is attached, because as you see short-term EUR/USD is mess. All we can see are higher highs and higher lows. Unfortunately I can not see any reliable trendlines.
V. Summary:
I believe FED will cut more, US stockmarket, Gold, Oil, EUR will raise.
I still think EUR is just a paper, but as I said before, FED is in panic mode now and will sacrifice the dollar, in order to save stockmarket and to avoid recession and deflation. Of course I do not believe we will see deflation except in housing sector, I also believe the US will fall into a recession anyway. But I still believe US stockmarket will raise in USD terms because of inflation and money printing.
Happy week and happy trade!
1. FED cut 3/4 % in non scheduled meeting. A fiscal stimulus was proposed too, at the moment it will be $300-400 tax back.
2. Market continues down, but may be formed a bottom.
3. Market expects fed to cut 1/2 % in their scheduled meeting on 30st JAN.
4. Gold hits $924 :-)
5. Crude correcting ~$92, because there are recession worries. I never understood that, but this is the game rules :-)
II. EUR/USD weekly:
Here we finally see EUR tested the old wedge (brown) and bounce from it (I know the line is not very precisely drawn). Now EUR must continue high.Because parallel channel has broken upper line, I may suggest two target possibilities - the two blue lines.
III. EUR/USD 1 day chart:
No lines here, but we see higher lows and lower highs. This is a triangle. I believe this triangle will be broken on the top this week, and we will see 1.49 at first time.Note that price go to upper triangle boundary, so we will see 1.48 "for sure".
IV. EUR/USD 1 hours chart:
This chart is attached, because as you see short-term EUR/USD is mess. All we can see are higher highs and higher lows. Unfortunately I can not see any reliable trendlines.V. Summary:
I believe FED will cut more, US stockmarket, Gold, Oil, EUR will raise.
I still think EUR is just a paper, but as I said before, FED is in panic mode now and will sacrifice the dollar, in order to save stockmarket and to avoid recession and deflation. Of course I do not believe we will see deflation except in housing sector, I also believe the US will fall into a recession anyway. But I still believe US stockmarket will raise in USD terms because of inflation and money printing.
Happy week and happy trade!
2008-01-25
Weekend song - Edna Bulgarska Roza
Edna Bulgarska Roza (One Bulgarian Rose) sing by Pasha Hristova
I wanted to post this loooong ago, but could not found it on youtube.
So looks like someone did nice slide show too.
The story of the singer Pasha Hristova is very interesting too,
but unfortunately I don't have a way to do it here.
I wanted to post this loooong ago, but could not found it on youtube.
So looks like someone did nice slide show too.
The story of the singer Pasha Hristova is very interesting too,
but unfortunately I don't have a way to do it here.
Kitco - Gold mania barometer.
We have high interest right now.In case you do not know what is it, click on the tag below.
2008-01-24
EUR/USD levels
1.47.78 is high from week ago.Next level - 1.48.25
Fibonacci levels are unclear for now.
French bank Societe Generale says hit by $7.1 billion fraud
"Some" arrogant bank, hit by mysterious trader :-)
http://news.yahoo.com/s/nm/20080124/bs_nm/socgen_dc_6
http://news.yahoo.com/s/nm/20080124/bs_nm/socgen_dc_6
Misc trades...
Sold part of PBR position. Hopefuly will buy it back very soon.
Closed my EUR/USD possitoin @ 1.47.25, will look to enter @ 1.47.10 again.
And correction - the other day I bought some GLD too, order was filled later.
Looks like market made bottom yesterday.
Closed my EUR/USD possitoin @ 1.47.25, will look to enter @ 1.47.10 again.
And correction - the other day I bought some GLD too, order was filled later.
Looks like market made bottom yesterday.
2008-01-22
Panic
Ok, I see you expecting this post, even some friends asked me, why I did not post this.FED is panicking now:
WASHINGTON (AP) -- The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.Stockmarket is still down.
The surprise reduction in the federal funds rate from 4.25 down to 3.5 percent marked the biggest funds rate cut on records going back to 1990.
...
In addition to cutting the funds rate, the Fed said it was reducing its discount rate, the interest it charges to make direct loans to banks, by a similar three-quarters of a percentage point, pushing this rate down to 4 percent.
EUR and commodity stocks are up.
I bought stocks all day, first some Bulgarian stocks (ATERA, SFARM), then PBR.
I also try to buy some GLD, but it do not hit my trigger.
2008-01-21
Weekend song - Улыбка (Smile)
you will get - children song Улыбка (Smile). Alexander loves it...
(has no way to post it in the weekend)
No EUR/USD analysis this week.
Because I was travelling in the weekend, No EUR/USD analysis this week.
Probably will do tomorrow.
Probably will do tomorrow.
2008-01-18
Two articles from Safe Haven
Indians Sell Gold - And Their Future by Alex Wallenwein
http://www.safehaven.com/article-9248.htm
The Tragedy Of The Us Stockmarket... by Clive Maund
http://www.safehaven.com/article-9252.htm
Generally I do not like Clive Maund analysis, but this time he prepared interesting chart (last one)
http://www.safehaven.com/article-9248.htm
The Tragedy Of The Us Stockmarket... by Clive Maund
http://www.safehaven.com/article-9252.htm
Generally I do not like Clive Maund analysis, but this time he prepared interesting chart (last one)
2008-01-17
Oil and Gold link on the left
I just made a small program that pool Oil and Gold quote from my broker and put it on the site.
Don't expect is clear HTML, because is WAP, but as long as I see, there are no ptoblem with Internet Explorer and Mozilla.
What made my page unique and important?
- Price delay is NO MORE THAN 15 sec (not minutes or hours)
Don't expect is clear HTML, because is WAP, but as long as I see, there are no ptoblem with Internet Explorer and Mozilla.
What made my page unique and important?
- Price delay is NO MORE THAN 15 sec (not minutes or hours)
BoE's Gieve expects 'sharp rise' in UK inflation in coming months
This is so bearish for UK economy and bullish for the GBP :-)
See also red - what the idiots thinks...
- LONDON (Thomson Financial) - Bank of England (BoE) deputy governor John Gieve warned of a 'sharp rise' in inflation in the UK over the coming months, complicating the job of rate-setters at a time when the credit crunch has diminished growth prospects.
In a speech to the London Chamber of Commerce and Industry, Gieve said the big rise in recent months of world oil and food prices, amplified by the sharp fall in the pound, is coming through in food, petrol, gas and electricity prices.
'These are likely to raise our inflation rate well above target in the coming months at a time when short-term inflation expectations remain uncomfortably high,' he said.
Tuesday's figures showed the annual CPI inflation rate unchanged at 2.1 pct and still above the BoE's 2.0 pct target.
At the same time, growth is being undermined by the credit crunch, which under normal circumstances 'greatly strengthened' the case for the rate-setting Monetary Policy Committee (MPC) to ease policy.
'These are testing times for the MPC,' said Gieve, who surprised sterling markets by voting for a reduction in borrowing costs in November, alongside arch-dove Danny Blanchflower -- a month before rates were actually reduced a quarter point to 5.50 pct.
The MPC is widely tipped to cut its benchmark Bank rate another quarter point in February to 5.25 pct.
'In reaching our decisions, the MPC always looks not just at the central projection for the economy but at the risks on either side. That will require not just difficult judgements but careful explanations in the months ahead,' said Gieve.
pan.pylas@thomson.com
pp/pp/am
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
See also red - what the idiots thinks...
- LONDON (Thomson Financial) - Bank of England (BoE) deputy governor John Gieve warned of a 'sharp rise' in inflation in the UK over the coming months, complicating the job of rate-setters at a time when the credit crunch has diminished growth prospects.
In a speech to the London Chamber of Commerce and Industry, Gieve said the big rise in recent months of world oil and food prices, amplified by the sharp fall in the pound, is coming through in food, petrol, gas and electricity prices.
'These are likely to raise our inflation rate well above target in the coming months at a time when short-term inflation expectations remain uncomfortably high,' he said.
Tuesday's figures showed the annual CPI inflation rate unchanged at 2.1 pct and still above the BoE's 2.0 pct target.
At the same time, growth is being undermined by the credit crunch, which under normal circumstances 'greatly strengthened' the case for the rate-setting Monetary Policy Committee (MPC) to ease policy.
'These are testing times for the MPC,' said Gieve, who surprised sterling markets by voting for a reduction in borrowing costs in November, alongside arch-dove Danny Blanchflower -- a month before rates were actually reduced a quarter point to 5.50 pct.
The MPC is widely tipped to cut its benchmark Bank rate another quarter point in February to 5.25 pct.
'In reaching our decisions, the MPC always looks not just at the central projection for the economy but at the risks on either side. That will require not just difficult judgements but careful explanations in the months ahead,' said Gieve.
pan.pylas@thomson.com
pp/pp/am
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
2008-01-16
Explanation
LONDON (Thomson Financial) - The euro fell sharply on dovish comments from a euro zone central banker, before hitting support levels and appearing to stabilise at weaker levels.
Yves Merkel, Luxembourg central bank chief and member of the European Central Bank, said in an interview that 'there are factors that mitigate inflation risks' and suggested the ECB could 'look through' temporary high levels of inflation to the growth risks beyond.
The downside risks to the euro zone economy have increased, he signalled.
'Yves Mersch's transformation from hawk to dove has amazed the market,' said Peter Wadkins at Thomson IFR Markets.
'The market realizes this is a sea-change in policy, and the implications are enormous,' he added, predicting that ECB president Jean-Claude Trichet will also reveal a more dovish tone in the days to come.
Markets have previously understood the ECB would not cut interest rates for some time, due to inflation concerns.
...
Yves Merkel, Luxembourg central bank chief and member of the European Central Bank, said in an interview that 'there are factors that mitigate inflation risks' and suggested the ECB could 'look through' temporary high levels of inflation to the growth risks beyond.
The downside risks to the euro zone economy have increased, he signalled.
'Yves Mersch's transformation from hawk to dove has amazed the market,' said Peter Wadkins at Thomson IFR Markets.
'The market realizes this is a sea-change in policy, and the implications are enormous,' he added, predicting that ECB president Jean-Claude Trichet will also reveal a more dovish tone in the days to come.
Markets have previously understood the ECB would not cut interest rates for some time, due to inflation concerns.
...
A comment in ANTI-SOPITALIST blog
Thanks For Being With Us (January 15, 2008 recap)
Dear Daveo,
FOMC meeting is 2 weeks from now, so Fed needs to be careful of surprise cut beforehand as they need to use their limited ammunition carefully and effectively.
A good time for them to do this would be on Friday, Options day and also the day BenDover testifies.
They still need to see the CPI data tomorrow and discuss before making the decision, so rate-cut is not probable tomorrow. It could happen, it's just not something I would say is 'likely'.
If market sells of aggressively Wed and Thurs, to the point of the panic/capitulation, then the chance of surprise cut on Fri goes up.
Dear Daveo,
FOMC meeting is 2 weeks from now, so Fed needs to be careful of surprise cut beforehand as they need to use their limited ammunition carefully and effectively.
A good time for them to do this would be on Friday, Options day and also the day BenDover testifies.
They still need to see the CPI data tomorrow and discuss before making the decision, so rate-cut is not probable tomorrow. It could happen, it's just not something I would say is 'likely'.
If market sells of aggressively Wed and Thurs, to the point of the panic/capitulation, then the chance of surprise cut on Fri goes up.
Oil price
COILH8 88.55-88.62
WTIG08 89.77-89.85
This time the fall is understandable:
US Crude Oil Inventories +4259 (expected -6736)
Bought PBR @ 100 USD
WTIG08 89.77-89.85
This time the fall is understandable:
US Crude Oil Inventories +4259 (expected -6736)
Bought PBR @ 100 USD
EUR/USD - 1 hour chart
Chart suggested by friend. Brown line is made by me, in same logic as blue line.Posting this do not mean I agree with the chart ;)
2008-01-15
EUR/USD view for week JAN/14/2007
EUR/USD view for week JAN/14/2007
This week, the weekly view will be short, also I am writing this in Thursday.
As you may know, at the moment the market expect 0.50% rate cut, before (!!!) the FOMC meeting. Then some "experts" expect FED to cut another (!!!) 0.25%.
EUR/USD 1 day chart
Here we see the old wedge in blue. The USD failed to test it @ 1.42. There are also a brown channel up. However, it failed to make new high - old was 1.49.66.
This looks to me as double top, but everything depends what will happen next couple of days.
Possible bearish scenario is to see 1.45 (brown) testing.
EUR/USD 4h chart
Here we see same brown channel, and there are a small channel up (blue). Current fall may go there - 1.46.90, or may stop on pink line 1.47.40.
EUR/USD 1h chart
Here trendline colors are not "related" to preivious charts.
I am not sure if we had this mini channel (brown), but is broken. Pink line is hypotetical, ASSUMING we hit bottom 20 min ago.
Once again, according to previous chart targets are 1.46.90 or 1.47.40.
Happy week and happy trade :-)
This week, the weekly view will be short, also I am writing this in Thursday.
As you may know, at the moment the market expect 0.50% rate cut, before (!!!) the FOMC meeting. Then some "experts" expect FED to cut another (!!!) 0.25%.
EUR/USD 1 day chart
Here we see the old wedge in blue. The USD failed to test it @ 1.42. There are also a brown channel up. However, it failed to make new high - old was 1.49.66.This looks to me as double top, but everything depends what will happen next couple of days.
Possible bearish scenario is to see 1.45 (brown) testing.
EUR/USD 4h chart
Here we see same brown channel, and there are a small channel up (blue). Current fall may go there - 1.46.90, or may stop on pink line 1.47.40.EUR/USD 1h chart
Here trendline colors are not "related" to preivious charts.I am not sure if we had this mini channel (brown), but is broken. Pink line is hypotetical, ASSUMING we hit bottom 20 min ago.
Once again, according to previous chart targets are 1.46.90 or 1.47.40.
Happy week and happy trade :-)
Credit Card Time Bomb Is Ticking Away
Credit Card Time Bomb Is Ticking Away by Michael "Mish" Shedlock
2008-01-14
Some weekend articles from SafeHaven
- Taking Profits in Gold by Adrian Ash (BullionVault.com)
- HUI and Stock Bears 2 by Adam Hamilton
- Does Copper Lead the Way for Gold? by Clif Droke
- When Will the Juniors Finally Begin to Rally? by Boris Sobolev
- Price-Action Rules by Joseph Russo (incl gold too)
Kitco - Gold mania barometer.
No major change.If you do not know what this is, click on "Gold mania barometer" tag below.
Gold over 900
I was unable to post this earlier, but as I always said -
One day we will woke up and will see the Gold @ 900.
Then there will be 2 kind of investors - one who have gold and one who don't.
Current price is $ 911 :-)
One day we will woke up and will see the Gold @ 900.
Then there will be 2 kind of investors - one who have gold and one who don't.
Current price is $ 911 :-)
2008-01-11
Idiots and oil price...
What I said yesterday?
Economy slowing, oil will fall...
COILH8 90.65-90.73
WTIG08 92.39-92.47
Wait until fall to 80-81 and buy.
Economy slowing, oil will fall...
COILH8 90.65-90.73
WTIG08 92.39-92.47
Wait until fall to 80-81 and buy.
Wake up...
Yesterday, I listen to the radio, and they said:
"today gold hit all time high, because the dollar fall again"
Today, a colege said:
"You invested in gold, how I can do the same?"
The public slowly wake up...
"today gold hit all time high, because the dollar fall again"
Today, a colege said:
"You invested in gold, how I can do the same?"
The public slowly wake up...
Countrywide
Yesterday, here I recommended Countrywide. I said - if they do not get broke, they will double. Well now - next day they rose from $5 to $8 dollars - 60% profit.(well I am not stupid so I did not take the trade)
2008-01-10
Oil price
And because economy slowing :-) Oil once again is @ 94.16.
Strange, I thought now every Indian will buy this small car and...
Strange, I thought now every Indian will buy this small car and...
Money Supply Trends Are Deflationary
Am I stupid or what? Am I the only person who do not understand this article?
Money Supply Trends Are Deflationary
Money Supply Trends Are Deflationary
2008-01-09
Gold 4h
I never liked technical analysis on Gold spot, but here support is obvious, at least for the moment.
List of highly speculative stocks.
CFC - real estate. If they do not fell in bankruptcy, price will double :-)
PLG - Platinum play, buy under 3.50 USD
MAI . Toronto Exchange (Canada) - gold miner, buy at market price.
EPZ . Venture Exchange (Canada) - gold miner, buy under 1.60 CAD.
this is not a trade advice, in fact is highly speculative ;)
PLG - Platinum play, buy under 3.50 USD
MAI . Toronto Exchange (Canada) - gold miner, buy at market price.
EPZ . Venture Exchange (Canada) - gold miner, buy under 1.60 CAD.
this is not a trade advice, in fact is highly speculative ;)
Market Does Not Believe Countrywide's Denial
First major is on the way...
Market Does Not Believe Countrywide's Denial
Market Does Not Believe Countrywide's Denial
2008-01-08
Saxo bank's outrageous predictions 2008
posting it here, does not mean I agree with all of it.
[see it here]
[see it here]
2008-01-07
Flight to gold as investors lose faith in money
An article in Telegraph.co.uk:
Flight to gold as investors lose faith in money
Flight to gold as investors lose faith in money
Petro Brasiliero
With oil hammered again,COILG8 - $94.69
WTIG08 - $95.37
PBR spiked down, and broke the short term support (blue).
now, the brown lines may be in play. I personally may buy @ 100.
Q Logick and Santa Claus
QLGC failed to do gap filling.It is on the support now, and probably may raise again.
We will see.
A picture from Muenchen
Kriminelle Ausländer raus!!!(translation: Criminal foreigners out)
Looks like we need to leave München :-)
Kitco - Gold mania barometer.
Kitco website traffic update.
It is more than 1 mo ago when gold hit $750, but is way down that in $740 back in 2006
If this is first time you see this:
Gold mania barometer
It is more than 1 mo ago when gold hit $750, but is way down that in $740 back in 2006If this is first time you see this:
Gold mania barometer
M3 for EURozone
I tried to find exact figure, but I can not. So I will give you the figure I heard:
So M3 for eurozone is...
13%
Can you believe it?
I wrote before about it and I can.
So M3 for eurozone is...
13%
Can you believe it?
I wrote before about it and I can.
The EUR/USD poll is removed
Now we know the EUR/USD high was "only" 1.49.66
With recent EUR/USD @ 1.47, will EUR hit 1.50 USD until (2007) year end
The answers:
YES - 60% (wrong answer)
NO - 40% (correct answer)
As you may know I personally voted "NO" :)
With recent EUR/USD @ 1.47, will EUR hit 1.50 USD until (2007) year end
The answers:
YES - 60% (wrong answer)
NO - 40% (correct answer)
As you may know I personally voted "NO" :)
EUR/USD - daily and weekly
EUR/USD - 1 day
We have a bottom in place - 1.43. I thought the bottom should be @ 1.42, but it bounced before that.
The old uptrend (blue lines) is broken.
We may have double top forming, however I do not believe it.
EUR/USD - 1 week
Here we have master trend - blue line, the old wedge is now support (brown). The brown support was tested (1.43) and we hopefuly have bottom in place.
We could or could have not a double top (orange).
Note upper blue line. Current price is ABOVE the line. This means the upper blue line is NOT a resistance, at least not yet.
We have a bottom in place - 1.43. I thought the bottom should be @ 1.42, but it bounced before that.The old uptrend (blue lines) is broken.
We may have double top forming, however I do not believe it.
EUR/USD - 1 week
Here we have master trend - blue line, the old wedge is now support (brown). The brown support was tested (1.43) and we hopefuly have bottom in place.We could or could have not a double top (orange).
Note upper blue line. Current price is ABOVE the line. This means the upper blue line is NOT a resistance, at least not yet.
More important articles (from safehaven.com)
Nominal Gold & Gold-Oil Ratio by Gary Tanashian
http://www.safehaven.com/article-9147.htm
Mega Move Underway, Stay With It by Aden sisters
Speaking of Gold and Oil in EUR.
http://www.safehaven.com/article-9152.htm
A "Head and Shoulders" Top for the Dow Jones Industrials by Gary Dorsch
(I do not think this is H&S)
http://www.safehaven.com/article-9154.htm
Eyes Wide Shut by Peter Schiff
http://www.safehaven.com/article-9149.htm
http://www.safehaven.com/article-9147.htm
Mega Move Underway, Stay With It by Aden sisters
Speaking of Gold and Oil in EUR.
http://www.safehaven.com/article-9152.htm
A "Head and Shoulders" Top for the Dow Jones Industrials by Gary Dorsch
(I do not think this is H&S)
http://www.safehaven.com/article-9154.htm
Eyes Wide Shut by Peter Schiff
http://www.safehaven.com/article-9149.htm
Some importatnt articles (by Michael Shedlock)
Unemployment Soars as Private Sector Jobs Contract by Michael Shedlock:
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211209427/unemployment-soars-as-private-sector.html
Asymmetrical Unwind of the Credit Bubble by Michael Shedlock:
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211778151/asymmetrical-unwind-of-credit-bubble.html
Housing Potpourri Around The World by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211952837/housing-potpourri-around-world.html
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211209427/unemployment-soars-as-private-sector.html
Asymmetrical Unwind of the Credit Bubble by Michael Shedlock:
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211778151/asymmetrical-unwind-of-credit-bubble.html
Housing Potpourri Around The World by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/211952837/housing-potpourri-around-world.html
Final Forex Profit Evaluation for Year 2007
FINAL YEAR 2007 EVALUATION
year 2007 - 352%
EUR/USD Open - 1.33.35
EUR/USD Close - 1.45.80
EUR/USD Change - 8.50%
YTD ALPHA - 352 - 8.50 = 343.50 %
year 2007 - 352%
EUR/USD Open - 1.33.35
EUR/USD Close - 1.45.80
EUR/USD Change - 8.50%
YTD ALPHA - 352 - 8.50 = 343.50 %
Forex Profit Evaluation for DEC-2007
DEC-2007 - 14.40%
(percent is low, because I traded with 20.DEC)
YTD - about 494%
EUR/USD YTD - 1.19 - 1.47 = ~28%
YTD ALPHA - 494 - 28 = 466%
(percent is low, because I traded with 20.DEC)
YTD - about 494%
EUR/USD YTD - 1.19 - 1.47 = ~28%
YTD ALPHA - 494 - 28 = 466%
2008-01-03
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