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Post by brosin on May 5, 2011 11:50:40 GMT -5
but not sure if people still go there or not Dr. Copper looks sick and much like 2008 Has gotten much sicker in the last 24-48 hrs  |
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Post by danjsaso on May 5, 2011 11:59:39 GMT -5
no bueno.. are you calling for a severe market correction as well???  |
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Post by hammondkeys on May 5, 2011 12:03:23 GMT -5
but not sure if people still go there or not Dr. Copper looks sick and much like 2008 Has gotten much sicker in the last 24-48 hrs Draw a line across the last two major bottoms.... |
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Post by timber on May 5, 2011 12:03:40 GMT -5
brosin im hearing a lot of talk of dollar buying going on this could be a reason for the commodity correction we have now
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Post by timber on May 5, 2011 12:05:01 GMT -5
seeing how the vix and small caps turned around today....im not as bearish as i was earlier
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Post by danjsaso on May 5, 2011 12:08:25 GMT -5
if people start buying/strengthening the dollar.. what would be a good place to put the money?
a treasury etf?
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Post by cosmic on May 5, 2011 12:09:40 GMT -5
Dan take a look at UUP
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Post by timber on May 5, 2011 12:10:08 GMT -5
uup is the dollar etf...im neurtal on the dollar...i think it still has room to fall
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Post by dino on May 5, 2011 12:10:36 GMT -5
but not sure if people still go there or not Dr. Copper looks sick and much like 2008 Has gotten much sicker in the last 24-48 hrs Draw a line across the last two major bottoms.... And/Or... Draw a line across the tops at 4.00. Maybe a breakout/backtest? |
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Post by timber on May 5, 2011 12:11:18 GMT -5
the best long dollar trade would be to short silver gold and oil.....i have a feeling oil bottomed today though
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Post by dino on May 5, 2011 12:12:42 GMT -5
seeing how the vix and small caps turned around today....im not as bearish as i was earlier SPY bull flag, VIX bear flag intraday 5 min... I think they pop this after lunch... just a gut feeling... |
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Post by timber on May 5, 2011 12:13:57 GMT -5
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Post by tradingdummy on May 5, 2011 12:16:45 GMT -5
seeing how the vix and small caps turned around today....im not as bearish as i was earlier SPY bull flag, VIX bear flag intraday 5 min... I think they pop this after lunch... just a gut feeling... I hope so, I nibbled a little on SPY this AM. |
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Post by ppppp3571113 on May 5, 2011 12:42:00 GMT -5
id wait for confirmation (tomorrow) on the dollar before doing anything JMHO  |
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Post by danjsaso on May 5, 2011 12:48:40 GMT -5
completely agreed..
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Post by brosin on May 5, 2011 12:48:43 GMT -5
but not sure if people still go there or not Dr. Copper looks sick and much like 2008 Has gotten much sicker in the last 24-48 hrs Draw a line across the last two major bottoms.... Yes exactly - much lower and it really makes you think the economy is set for a double dip |
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Post by brosin on May 5, 2011 12:49:06 GMT -5
no bueno.. are you calling for a severe market correction as well??? Yes, but nothing new there |
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Post by dino on May 5, 2011 13:04:34 GMT -5
Bros... Red lines "may be" what Ham's talking about (just guessing). Green line is what I'm talking about. These are crude lines - I've never looked at copper before so take this with a grain of salt...  |
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Post by danjsaso on May 5, 2011 13:08:40 GMT -5
your green line allows me to feel safe and secure..  |
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Post by brosin on May 6, 2011 13:12:32 GMT -5
Back down retesting yesterday's lows - next up would be the overnight lows  |
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Post by brosin on Jun 9, 2011 15:12:18 GMT -5
not looking good for global economy IMO...  |
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Post by brosin on Jun 27, 2011 18:18:26 GMT -5
even today copper didn't seem to know what the stock market was looking at ;D  |
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Post by tarzan on Jun 27, 2011 18:29:35 GMT -5
Bros, I see a, somewhat, "concerted effort" being put forth with more of the same in the future. Broccoli man lives. France, commodities, 10 yr bonds - I'm using "new math", so less there = more someplace else - with the mini ramp in prices and abatement in producer's costs, it should portend higher future profits and the cycle begins anew - Until that is the math changes again. Zombie banks feeding the masses. Banks will have their day.
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Post by brosin on Jun 27, 2011 18:38:10 GMT -5
One has to wonder if they had their day by being allowed to survive with the hopes that they would be saved by a recovered housing market though.
The only reason most of the largest banks are still here are because Mark to Market accounting was abandoned in favor of letting banks Mark to (their own) Model. For awhile it is possible to deceive the markets from reality, but it is becoming more and more certain that with housing prices making new lows, Mark to (the old) Model can't only wrong, it must be drastically wrong. Printing money is just giving them more money to fill these coming losses. They aren't lending it at this point so there's no need to fear inflation. It's a printing press into a black hole
The market figures things out before the Ratings Agencies do - and if you notice they are already in a race to the bottom on sovereign debt. So you have two headwinds at once. IMO that's probably why each and every big market up day has seen a big washout just after it - no potential for a rally to sustain itself. It's scary to think where the market would be had we not had POMO/QE... the market did trust in its power throughout
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Post by Clinton SPX on Jun 27, 2011 18:43:47 GMT -5
One has to wonder if they had their day by being allowed to survive with the hopes that they would be saved by a recovered housing market though. The only reason most of the largest banks are still here are because Mark to Market accounting was abandoned in favor of letting banks Mark to (their own) Model. For awhile it is possible to deceive the markets from reality, but it is becoming more and more certain that with housing prices making new lows, Mark to (the old) Model can't only wrong, it must be drastically wrong. Printing money is just giving them more money to fill these coming losses. They aren't lending it at this point so there's no need to fear inflation. It's a printing press into a black hole The market figures things out before the Ratings Agencies do - and if you notice they are already in a race to the bottom on sovereign debt. So you have two headwinds at once. IMO that's probably why each and every big market up day has seen a big washout just after it - no potential for a rally to sustain itself. It's scary to think where the market would be had we not had POMO/QE... the market did trust in its power throughout great post Brosin, one of your best. |
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Post by brosin on Jul 5, 2011 19:55:00 GMT -5
Very key spot here for the global economy IMO:  |
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Post by brosin on Jul 7, 2011 18:45:15 GMT -5
daily has now broken out  weekly still has one more set of resistance  |
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Post by PoorHomey on Jul 7, 2011 22:02:40 GMT -5
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Post by Rich on Jul 7, 2011 22:07:09 GMT -5
wow, nice chart.
bully bully(tm)
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Post by brosin on Aug 30, 2011 19:08:24 GMT -5
It's been a good sign that copper has started breaking out the last couple days, even today with some dollar strength.  |
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