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Post by novice08 on Apr 9, 2012 10:04:48 GMT -5
You could take that farther out though and draw a massive upward channel from about 2 yrs. ago. JMO.
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Post by tendermyshares on Apr 9, 2012 10:07:26 GMT -5
Yogi Berra market. It's last night all over again. Uploaded with ImageShack.usYou could take that farther out though and draw a massive upward channel from about 2 yrs. ago. JMO.
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Post by novice08 on Apr 9, 2012 10:11:25 GMT -5
Look at the massive ih&s forming on HL... Where on HL? What timeframe? On the 10-yr. but mainly since '05. Is that too long
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Post by jack on Apr 9, 2012 10:16:07 GMT -5
NOW I see it!!! AWESOME if that plays out!!!! Where on HL? What timeframe? On the 10-yr. but mainly since '05. Is that too long
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Post by natsalilfly on Apr 9, 2012 10:17:02 GMT -5
NOW I see it!!!!! AWESOME!!! On the 10-yr. but mainly since '05. Is that too long I see it too.
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Post by tendermyshares on Apr 9, 2012 10:17:24 GMT -5
Copper fell out of the rightmost triangle. Uploaded with ImageShack.us
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Post by novice08 on Apr 9, 2012 10:18:29 GMT -5
Re: HL. As far as TA goes though is that too long a timeframe? I honestly don't know. Holding a small pos, may add.
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Post by natsalilfly on Apr 9, 2012 10:29:55 GMT -5
Re: HL. As far as TA goes though is that too long a timeframe? I honestly don't know. Holding a small pos, may add. That depends on how long you want to hold.
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Post by jack on Apr 9, 2012 10:31:23 GMT -5
Re: HL. As far as TA goes though is that too long a timeframe? I honestly don't know. Holding a small pos, may add. I would guess purists would say its an operating timeframe and good. Similarly the huge MA pattern which ITMS brings up now an again which would put us below 900 SPX scares the crap outa me.
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Post by tendermyshares on Apr 9, 2012 10:38:47 GMT -5
I wouldn't buy it based on that chart pattern unless I had a good reason fundamentally why it should reverse. Not necessarily too long of a timeframe alone, but yeah, if it does come back could be an equally long hold, proportionally. It's just that in the short term chart looks absolute hell. Re: HL. As far as TA goes though is that too long a timeframe? I honestly don't know. Holding a small pos, may add.
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Post by tendermyshares on Apr 9, 2012 10:42:43 GMT -5
Just looked at copper weekly, saw neckline. Uploaded with ImageShack.us
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Post by novice08 on Apr 9, 2012 10:43:56 GMT -5
Yes, I'm in @4.50. PMs at critical juncture imo over the next couple of wks. Even w/dollar strength, Spain/Italy could produce some strength or at least a holding pattern. Gold stronger than silver today, don't like that silver can't hold $32.
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Post by natsalilfly on Apr 9, 2012 11:03:38 GMT -5
Bet oil pops back up. news.yahoo.com/us-navy-deploys-2nd-aircraft-carrier-gulf-104816846.htmlThey wouldn't be sending this 2nd carrier out without expectations that tensions continue. Silver may pop with oil. My son is exiting the Navy next week. His main wartime duty was Gunner's Mate on patrol craft guarding gulf oil platforms. As a mom, I know that there is a small chance they could make him stay on if things heat up over the next 4-6 weeks.
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Post by tendermyshares on Apr 9, 2012 13:54:18 GMT -5
Said optical illlusion goes much like this: Not much happening today with Europe closed and some sentiment still for tonight that Bernanke burps and saves and free world. Optical illusion alert! The 2nd high is actually lower.
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Post by novice08 on Apr 9, 2012 20:59:48 GMT -5
Liking the little rally going on tonight. Why, oh why does NY have to open? I much prefer Asia, lol.
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Post by Clinton SPX on Apr 9, 2012 21:16:51 GMT -5
dxy going down tonoght
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Post by tendermyshares on Apr 9, 2012 21:28:06 GMT -5
Sure but dollar going - slightly - down from what, from the top of this bull flag. Barely a blip on the radar. Daily chart: Uploaded with ImageShack.us
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Post by Clinton SPX on Apr 9, 2012 21:47:02 GMT -5
DXY "could" be a H&S in an up channel. Increased odds of a break out to the down side Attachments:
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Post by tendermyshares on Apr 9, 2012 22:27:09 GMT -5
Very interesting Bloomberg audio interview with Kitco's Jon Nadler. Well worth the time in my opinion, some things you probably didn't know. Surprising bearish for a rep of Kitco, a seller of gold. Clicking on the link will open the audio directly in your default mp3 player: media.kitco.com/weeklyreport/Jon_Nadler_20120409.mp3
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Post by novice08 on Apr 10, 2012 11:43:38 GMT -5
What just happened? Did Spain implode?
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Post by huh? on Apr 10, 2012 11:52:27 GMT -5
What just happened? Did Spain implode? All of Europe did about 2 years ago. Our gov and their gov just needed some time to get some cash into the systems before the fallout so that it wouldn't look like bailouts happening after the fact. I guess they are done now. LOL
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Post by novice08 on Apr 10, 2012 11:56:25 GMT -5
Hi, Huh? How's the baby? My post was too vague, there was a big spike in gold/silver. Went from negative to positive with the snap of a finger (or the blink of a bot).
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Post by huh? on Apr 10, 2012 12:01:19 GMT -5
Hi, Huh? How's the baby? My post was too vague, there was a big spike in gold/silver. Went from negative to positive with the snap of a finger (or the blink of a bot). Baby's great - 6 months old already! Two giant bottom teeth already in about a month ago. She's in a hurry to grow up. I was just being sarcastic about the Europe thing. But I do believe that we are going to see another large fallout in our markets before everything is 'fixed'. But then again, I thought this back in October as well. hee hee
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Post by jack on Apr 10, 2012 12:15:46 GMT -5
What just happened? Did Spain implode? Holy Canoli!!! Just came back in after working on the weedwhacker's carburretor last 2hrs and find THIS!!! the Dow down 179!!! Lee is NEVER gonna let me live it down! Bwahhaahahahhahaha (....but its still only a BEar not a Moody's one!!!) YET!
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Post by novice08 on Apr 10, 2012 12:31:13 GMT -5
Knocking on Moody's Bear door. But gold is liking the dollar crash...
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Post by tendermyshares on Apr 10, 2012 12:43:57 GMT -5
But, but, the dollar is so much better than any other currency! I can barely see with all the smoke on the gold chart. cough cough. Knocking on Moody's Bear door. But gold is liking the dollar crash...
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Post by tendermyshares on Apr 10, 2012 13:21:00 GMT -5
So if Alcoa beats, will gold go up or down? Is good news good news and bad news bad news, or is good news bad news and bad news good news? Or ff Euro is rearing its ugly head again, is everything bad news, or is everything bad news except for gold because it has suddenly become a risk off asset again?
If Alcoa sold a lot of aluminum to car manufacturers, will they automatically beat earnings, or might they not because the price of aluminum has come down so much, and maybe they don't have the right cost controls. Is aluminum worth its weight in gold, or will gold become worth its weight in aluminum.
Is gold somehow genuinely a safe haven? Does owning gold actually make anyone feel safe? That's a pretty dismal road if buying gold is a defense against armageddon because we can use it to be irradiated lettuce from Raquel Welch in a loincloth. Speaking of lettuce, would it be a dismal row to hoe rather than a dismal road? Speaking of Raquel Welch in a loincloth, a dismal road to ho? Anyway, it's pretty dismal. Except for Raquel, and I'll try to be cheery to protect her.
Tune in tomorrow for, These Our the Days of Our Bernanke.
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Post by tendermyshares on Apr 10, 2012 14:41:15 GMT -5
I'd short the top of this bear flag, right shoulder combo. I might wait to see a firm rejection of the top of the flag, seeing as how everything is going haywire and no one knows exactly what's happening. Uploaded with ImageShack.us
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Post by tendermyshares on Apr 10, 2012 15:04:02 GMT -5
Pretty good selloff in gold end of day. Erased all the gains since 1:30 cash close plus a little. Uploaded with ImageShack.us
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Post by tendermyshares on Apr 10, 2012 15:11:49 GMT -5
Alcoa beat, gold went down, let me know when we know why anything happens anymore lol.
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