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Here is mine older but still actual, I see 80 as well as good supp but in ST this bounce is looking very corrective with probably another leg down to come (especially with this Cyprus thing it's quite likely)Al_Dente wrote:OIL
Rhodes sees on the MONTHLY wtic chart:
“…a bullish pennant pattern is forming that projects sharply higher prices...to new highs above the $150/barrel level”
Monthly? Ok then, but I’ll be lucky if I can get through tomorrow…
[I think u have to be a stockcharts.com member to see this; I’m not sure]
http://blogs.stockcharts.com/chartwatch ... e-oil.html
I like it I am watching RSI triangle on monthly, if we see breakout then target is likely around 90 or so, what would be C&H target?BullBear52x wrote:$USD, another look at King green backor bigger cup?
Of all the places for a bear-catalyst to originateKeiZai wrote: ...don't forget to buy canned food after ZH article
cyprus gdp appr 24B.quientuves wrote:Tel Aviv TASE, opened today Sunday and fell less than 0.5%. It even opened positive, but turned with the news about a delay in Cyprus parliament vote on deposit levy. So take care... I'm quite short, slightly covered.
92.56 some where up there.KeiZai wrote:I like it I am watching RSI triangle on monthly, if we see breakout then target is likely around 90 or so, what would be C&H target?BullBear52x wrote:$USD, another look at King green backor bigger cup?
older chart : have to find out why and how I measured the move to 102.6
Mr. BachNut wrote:More bull market confirmation.
On my big picture chart, the NYSE average broke the 79% recovery line this week. I am not an Elliott waver, but I pay attention to it. All-time highs now come onto the menu of possibilities for the NYA. One by one the arguments that this bull is a corrective move in a secular bear (and that the March '09 lows will get broken) fall away.
All trend lines are pointing in the right direction here. The dreaded 3rd fan line is a long way from being in play.
If that anti Euro German party starts to gain momentum the markets are in for one heck of drop til September.uempel wrote:Will Cyprus be the butterfly of Chaos Theory for European economies?
If we look at the facts it's unlikely: Cyprus has less inhabitants than the Bronx, 1.2 million versus 1.4 million, but per capita income is nearly 30'000 $ versus 17'000 in the Bronx and 32'000 in NY.
But if we consider the crazy idea of confiscating private money - hey, that's destablilization par excellence. I can hardly believe that politicians outside of North Korea or Zimbabwe can conceive something like that.
Yes I agree nobody cares about Cyprus, the main issue is the latter. It's very dangerous precedent. In fact they actually don't need to do it in other countries but they have already opened Aladdin's lamp and people over the world starts to be fearful that this can also happen to them. U know that people are sheeps. And that's what financial world is scared about. It's all about bank run nothing else IMOuempel wrote:Will Cyprus be the butterfly of Chaos Theory for European economies?
If we look at the facts it's unlikely: Cyprus has less inhabitants than the Bronx, 1.2 million versus 1.4 million, but per capita income is nearly 30'000 $ versus 17'000 in the Bronx and 32'000 in NY.
But if we consider the crazy idea of confiscating private money - hey, that's destablilization par excellence. I can hardly believe that politicians outside of North Korea or Zimbabwe can conceive something like that.
Wow, I missed it. Longs all hedged, but hardly any shortsAl_Dente wrote:
The most frightening thing about this is that all of the ridiculous things the leaders of the EU have done previously has been done in the name of stabilization yet they either abandoned that now or were, more likely, too foolish and detached to see the possible psychological ramifications of this on a global scale.KeiZai wrote:Yes I agree nobody cares about Cyprus, the main issue is the latter. It's very dangerous precedent. In fact they actually don't need to do it in other countries but they have already opened Aladdin's lamp and people over the world starts to be fearful that this can also happen to them. U know that people are sheeps. And that's what financial world is scared about. It's all about bank run nothing else IMOuempel wrote:Will Cyprus be the butterfly of Chaos Theory for European economies?
If we look at the facts it's unlikely: Cyprus has less inhabitants than the Bronx, 1.2 million versus 1.4 million, but per capita income is nearly 30'000 $ versus 17'000 in the Bronx and 32'000 in NY.
But if we consider the crazy idea of confiscating private money - hey, that's destablilization par excellence. I can hardly believe that politicians outside of North Korea or Zimbabwe can conceive something like that.
Boss we’ve seen variations on this theme before:uempel wrote:Wow, I missed it. Longs all hedged, but hardly any shortsAl_Dente wrote: