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12/08/2012 Weekend Update

rpccharts
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

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rpccharts
Posts: 440
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

KeiZai wrote:
rpccharts wrote:
Cobra wrote:2 hollow red bar forming a double bottom plus record low public opinion about YEN, I think Yen might be bottom here which may put pressure on the stock market the next week as carry trade may unwind once yen rise sharply.
FXY.png
YenPubOpinion.gif
Wouldn't Worry about the Yen Dead cat bounce too much... currency going to 0 on massive printing:

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RP are you sure you are talking about yen?

imo the chart is dollar/yen what would mean the opposite
JPY02.png

yen is in long term bull market what is actually problem for the bond market
JPY01.png
JPY03-2.png
But shorting this pair in the future will be the biggest opportunity for our generation imo ;)

The USDJPY spot exchange rate appreciated 2.9650 or 3.73 percent during the last 30 days. Historically, from 1972 until 2012, the USDJPY averaged 158.5200 reaching an all time high of 306.8400 in December of 1975 and a record low of 75.7400 in October of 2011. The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page includes a chart with historical data for USDJPY - Japanese Yen Exchange rate.
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KeiZai
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Re: 12/08/2012 Weekend Update

Post by KeiZai »

BullBear52x wrote:DBV, dark cloud cover? this weekend is coolest, everyone is on a crab table, lets roll the dice dealer....
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Thanks BB for that chart, yeah nobody want to give out bad call :lol: wait and see mode :D
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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KeiZai
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Re: 12/08/2012 Weekend Update

Post by KeiZai »

rpccharts wrote:
The USDJPY spot exchange rate appreciated 2.9650 or 3.73 percent during the last 30 days. Historically, from 1972 until 2012, the USDJPY averaged 158.5200 reaching an all time high of 306.8400 in December of 1975 and a record low of 75.7400 in October of 2011. The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page includes a chart with historical data for USDJPY - Japanese Yen Exchange rate.
Hi RP, yeah that means in 1975 u would get for 1$ - 306 yen but today u get only 75 so if my math is right * dollar is weaker against yen than in 1975 = yen is stronger

* (too many beers so I am not sure :D )
Last edited by KeiZai on Sun Dec 09, 2012 6:03 pm, edited 2 times in total.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
rpccharts
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

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Squeeze the shorts ON VOLUME to New Highs
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Al_Dente
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Re: 12/08/2012 Weekend Update

Post by Al_Dente »

PAGING KEIZAI

To my eyeballs the commodity currencies AUD, NZD have been leading up all along…the carry trade too….
I think the intermarket folks would call it “dislocation”… as $CRB, $CCI, DBC, DBA etc DO NOT yet agree.
Everything bonkers as usual boss…
When in doubt, I’d go with currencies……….UNFORTUNATELY currencies are for sure my weak area…. YOU are my “King of Currencies”, no joke
I think u saw this last week….. updated here with kiwi in neon green….. fwiw… u know they’ve been leadin’…
(this is straight price overlay….NOT performance based….)
129wknd4homey2.png
Plus, ALL HOMEYS KNOW that China (commodity gorilla, in pink) and Germany (don’t know why?, in brown) is where much of the money has been going.
Top panel = percentage-performance based since exactly our 3 June SPY low.
I have steel (grey) in there as a China commodity proxy, only because stockcharts won’t give me a decent symbol for iron-ore or cement…
plus I can’t trust that little Baltic-Dry honey badger…
Second panel = Hong Kong new high; SPX faded purple behind, straight overlay …
Lower panel = negative divergence, China
129wknd4homey3.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
uempel
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Re: 12/08/2012 Weekend Update

Post by uempel »

Al, Germany is piggy-back riding on the weak Euro...
ClarkW
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Re: 12/08/2012 Weekend Update

Post by ClarkW »

I'm back. Shopping all day, talk about a frustrating experience!

KeiZai, yes it's SGG.

How about some Coffee with your sugar. Positive D on Weekly. Will monitor. JO is the etf
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$COFFEE Weekly.png
daytradingES
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Re: 12/08/2012 Weekend Update

Post by daytradingES »

Royal Flush wrote:
daytradingES wrote:a quick video on ES for Monday

http://screencast.com/t/aC8cu8e1vd

nTA

GLTA :)
Thanks for the video DTES. Would you venture to assign a probability to a down week given that all astrological aspects are negative next week? BTW, I have a turn date on the 19th which at present looks like it will be a high.
Hi RF,

No. I don't have the experience of finding astrological matching that is consistent with movement prediction.
I mentioned it because rarely have a seen a week without at least one positive (major) aspect.
If next week is down, then I would pay more attention when I see it next.

It could be that the market moves on something else - such as ingress or key degrees.
There are so many variables that you need an intuitive insight to key on the main two or three.

IHTH
Educational only and not trading advice (EO&NTA) :)
Good trading to all
daytradingES
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Re: 12/08/2012 Weekend Update

Post by daytradingES »

ClarkW wrote:
daytradingES wrote:Quick video on NG
Short term outlook is down to $3.40
http://screencast.com/t/soNvcODCb
NTA
GLTA
Great video DTES! Thanks for sharing!
Most welcome Clark.
Last edited by daytradingES on Sun Dec 09, 2012 10:24 pm, edited 1 time in total.
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Al_Dente
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Re: 12/08/2012 Weekend Update

Post by Al_Dente »

Contrary to popular opinion and media hype, Gallup reports flat-ish November spending that is
“…still much lower than in November 2008…”
And “Upper-Income Spending Sees Worst November on Record”
http://www.gallup.com/poll/159128/consu ... -2011.aspx
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
rpccharts
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

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TWT
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Re: 12/08/2012 Weekend Update

Post by TWT »

ES Globex: In yesterday´s weekly update I forgot to mention the ED wave (C) option
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ES GLOBEX 60 MIN.png
rpccharts
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

In the Chapman wave, the Peak E wave can consolidate at the same price level and begin a new wave A higher.

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Hawaiian Garrett McNamara surfing the largest wave ever surfed. The big wave rider caught the huge 30m (90 feet) monster in early November 2011, off the coast of Nazaré in central Portugal.
rpccharts
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Re: 12/08/2012 Weekend Update

Post by rpccharts »

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Royal Flush
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Re: 12/08/2012 Weekend Update

Post by Royal Flush »

Al_Dente wrote:
Royal Flush wrote:
Al_Dente wrote:Sector view
The attachment 129wkndsectorb.png is no longer available
Thanks for the sector view Al. I had no idea the tech sector was so weak. How can the market continue going up without the Tech sector?
Good question royal, thanks :mrgreen:
QQQ (aapl) should be pulling the mkt down already.
Have u got an SPX…QQQ…AAPL combined chart that can show us if/when aapl EVER DID NOT pull the mkt down?
In the meantime, i'll check with Etta: http://www.youtube.com/watch?v=nfNLspDL3ns
Good question Al, in a word 'No', so I'm waiting for the divergence to play out. :P
scCA6EZOYW.png
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