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By the way...I try not to be real quick to point out when I'm right on a trade. That way I'm not obligated to point out when I'm wrong.
Everyone will be wrong. In fact, I'm only right about 60% of the time. But when I'm right I make 4 times as much as I lose when I'm wrong. Tech analysis is all about PROBABILITIES. You'll not see me spending any more than an hour per day trading the markets. It's stress free....and I don't have to totally immerse myself.
I think you're misunderstanding. We know charts don't cause movements. Fundamentals cause the movement. Charts help us to TIME entry's and exits...and to get a feel for how strong or weak a particular move is going to be considering the fundamental AND geopolitical climate.
How about another option?
They potentially have something of value.
They also put out bullcorn press releases so folks can dump their shares.
Yes..I agree it would be stupid of them...especially since he possibility exists that they don't plan to use them to begin with.
It looks like a potential pennant forming to me. We may have to wait for rollover to be sure. A pennant is usually a continuation pattern. This pair is stuck between resistance and the 50 sma (not shown). I think I'll wait to see which direction this goes...and then hop on for the ride. should be good for at least 125 pips either way.
Here's the part that says it all buy_low. It looks like Rim is planning ahead for when they back out of the scam fluff agreement.
Some or all of the Restricted Shares would be returned (based on agreed-to formulas) to the Company if the Company were to cancel the NRE Services, in whole or in part, before all NRE Services have been performed.
Hey beechbreak- Based on his logic, we should all probably have invested in Enron some time back. Based on all the negatives, that would have been an AWESOME investment.
Some of the people that invest in OTCBB's never cease to amaze me.
More news!!
ElderWolf, Inc. decided to allow Intel Corporation to make my semiconductor chips. They're freakin' fast as hell and we're going to make a boatload of cash. Did you hear that?? INTEL WILL MAKE THE CHIPS.
PS- We have yet to inform Intel of this development. However, we have officially selected them.
Are you kidding me? Here's a press release for you.
Michael Wolf, a consumer of food, has chosen Albertsen's as the place where he'll purchase his groceries. With a growing family, the demand for food could easily outstrip Mr. Wolf's ability to grow sufficient food in his garden.
Come on people. This is a total bullshit press release. They "selected" Taiiwan Semi? WOW WOW WOW.
I'm going to download and try that out. If it pans out, it might be good to flip for 10 or 20 pips here and there. Have you been using it?
When he nodded...I think he was nodding off to sleep.
Glancy...I think you picked a good time to short the usd/jpy. It's right close to a pretty significant level of resistance.
Dr. Glance...the dollar index is still below 84.50. As long as it stays there, the dollar is weak. About 70% of the time...when something breaks through a support level, it'll come back up and retest previous support as resistance before continuing down.
Uh...no it doesn't.
Yes. Very nice anticipatory trade.
I use my Prophet.net charts I get through INVESTools. It gives me a real time dollar index futures quote. I suspect that as long as your charts allow futures quotes real time, you can get that quote.
Hope that helps.
The dollar is strengthening. The dollar index broke back up into the long term channel through the overhead resistance line I posted last night. Got stopped out of my long eur/usd trade at a 100 pip gain. Let's see if the dollar closes and stays above resistance.
It's still weak below 84.50.
Gary. I don't believe this is an outright scam. I believe they may very well have something. My point is that the way George is pushing the whole AT&T thing (along with other bits of speculation), it reminds me fully of John Howell (who turned out to be a damned liar). George was at a meeting where JH outright lied to investors...and George backed him 100%.
This wreaks of an unofficial investor relations department.
eur/usd
The US Dollar Index is retesting previous support as resistance. As long as it fails to break through and close above that level, I'm still bullish the eur/usd trade.
The funniest thing so far is Brad and Ray having that guy start the tic tac RSMI website. Now here's the doozie...they actually make people PAY for that website to have the smoke blown up their skirts.
I will say this, though. After reading a couple of Cobra's posts over there...and also after reading GaryinPB, I believe them to be honest folks that are interested in the truth. It's that George guy that is John Howell's protoge' that has me suspicious.
Of course...this entire post is speculation. However, he IS a friend of John Howell.
What's your opinion regarding conspiracy theory?
I believe the next step is the FTAA...which is an EXPANDED NAFTA. As for Canada...they'll put up a fight right alongside some Americans.
Speaking of needing to tank thedollar to get American buy in on an "Amero"...the Canadian is suspiciously weak lately...especially considering the rally in commodities. Maybe they weaken the Looney to cause Canadian pain to get easier buy in on the "Amero"?
Just some speculation.
In my opinion...they don't WANT to prop up the dollar. The insiders have wanted to form an "American Union" for quite some time now. The only way to do that is to cause some pain for the Americans. If the dollar collapses, they'll be able to push us right into the "Amero" almost effortlessly.
Here's a good website. http://www.thenewamerican.com You can sometimes find a good article that is based in economics...and also discusses how the geopolitical scene can have a dramatic effect.
Excellent article. WOW. What a pickle we're in. I guess the good thing is we forex investors stand to gain as long as we play it smart. I'm very much considering taking a long term investment approach against the dollar, and have been considering it for quite some time.
I'm still very bullish both technically and fundamentally for the eur/usd long I took sometime back. As long as the dollar index stays below 84.50, we're good to go despite this minor pullback. And again...if it drops below below 80, it's in a freefall.
Yep. Still in it. First time I've ever taken a trade in this pair. I don't think I like it. It's like watching the grass grow. LOL
Monetary Inflation is the Problem by Congressman Ron Paul
http://www.house.gov/paul/tst/tst2006/tst120406.htm
December 4, 2006
The financial press reported last week that the value of the U.S. dollar plummeted to a 14-year low against the British pound, and weakened against the Euro and Yen. Many financial analysts predict continued rough times for the dollar in 2007, given reduced expectations for economic growth at home and less enthusiasm among foreign central banks for holding U.S. debt.
This decline in the value of the dollar is simple to explain. The dollar loses value as the direct result of the Federal Reserve and U.S. Treasury increasing the money supply. Inflation, as the late Milton Friedman explained, is always a monetary phenomenon. The federal government consistently wants to spend more than it can tax and borrow, so Congress turns to the Fed for help in covering the difference. The result is more dollars, both real and electronic-- which means the value of every existing dollar goes down.
Federal Reserve Chairman Ben Bernanke faces two basic ongoing choices: raise interest rates to prop up the dollar, but risk pushing the economy into a recession; or lower interest rates to stimulate the economy, but risk further declines in the dollar. This unfortunate dilemma is inherent with a fiat currency, however.
Of course Mr. Bernanke inherited this tightrope act from his predecessor Alan Greenspan. The Federal Reserve did two things to artificially expand the economy during the Greenspan era. First, it relentlessly lowered interest rates whenever growth slowed. Interest rates should be set by the free market, with the availability of savings determining the cost of borrowing money. In a healthy market economy, more savings equals lower interest rates. When savings rates are low, capital dries up and the cost of borrowing increases.
However, when the Fed sets interest rates artificially low, the cost of borrowing becomes cheap. Individuals incur greater amounts of debt, while businesses overextend themselves and grow without real gains in productivity. The bubble bursts quickly once the credit dries up and the bills cannot be paid.
Second, the Fed steadily increased the monetary supply throughout the 1990s by printing money. Recent Fed numbers show double-digit annual increases in the M2 money supply. These new dollars may make Americans feel richer, but the net result of monetary inflation has to be the devaluation of savings and purchasing power.
The precipitous drop in the dollar shows how investors around the globe are very concerned about American deficits and debt. When government policies in a fiat system are the sole measure of a currency’s worth, the currency markets act as a reliable barometer of how those policies are viewed around the world. Politicians often manage to fool voters and the media, but they rarely fool the financial markets over time. When investors lack faith in the U.S. dollar, they really lack faith in the economic policies of the U.S. government.
Dude...why would the mm's want to keep the buying quiet? How does that benefit them? Please explain. Thank you.
AMEN BROTHER. A FREAKING MEN.
I moved up my stop on the eur/usd trade to 3110 to lock in a 100 pip gain. Let's see what NFP brings tomorow.
Yeah...I'm getting a little bored with it as well. I'm thinking about ripping my arm off and beating myself to death with it.
I'm still feeling good about this euro trade long at 3010. As long as the dollar index stays below 84 or so, the dollar is weak. Glancy...are you holding up ok on that eur/chf short we took? Are your whiskers twitching? I bet you sold outta that sucker. lol
It's a pretty standard trade. I'm right about 60% of the time. And when I'm right, I make $3 to $4 for every $1 I lose when I'm wrong.
It broke the channel and is retesting. Easy trade...no stress or guessing. Just standard operating procedure. I'm either right or wrong.
Keep one thing in mind...we don't know the testing parameters set forth by Rim. Also keep in mind that Rim has mysteriously taken the press statement from their website without explanation.
My only point was that it's hard to discredit Telecordia for using simulations as they tend to be pretty accurate.
In Rim's defense...testing an FPGA on models at Telecordia is just about as good as real world tests. The models they have these days are very sophisticated...and are able to simulate real world conditions.
I'm not sure what tests were performed...and under what conditions. However, the tests performed are likely dead on balls accurate.
Hey Glancy. It'll be very difficult to get inflation under control with the way we print money. I'm a true blue...dyed in the wool conservative. However, Bush has really screwed things up with his excessive spending.
Federal Reserve Chairman Ben Bernanke said last week that core measures of inflation, which do not include food and energy, remain “uncomfortably high” and declared it would be “troublesome” if those forces do not moderate. This is a surprisingly frank statement whose truth has been previously revealed by price action. Astute market observers have already seen the troubling signs of inflation that just a few months ago was supposedly “under control”.
The dollar index has taken a swan dive and splashed through intermediate-term support around 84.50. The inverse relationship between the dollar and commodities has held strong over the last two months and the Commodity Research Bureau index has spiked through resistance at 400. What does this break in the dollar and spike in commodities mean? Inflation. Commodity related stocks are inflation sensitive – they typically go up when inflation goes up; hence, gold mining stocks such as AEM and RGLD have snapped major resistance levels as effortlessly as Snoop Dogg breaking the law. Oil stocks such as VLO, XTO, and CVX have confirmed the inflationary action as well.
I'm shorting the eur/chf at 5918 with a target of 5750.
In my opinion, the market has made it's decision. There's already been enough economic data to support the interest rate decision. The market is pricing in the fed lowering rates. All of these little economic news releases don't mean a thing now as the momentum has shifted.
In my opinion, the euro is headed up ladies and gentlemen. We'll be seeing higher highs and higher lows all the way to 3666 which SHOULD coincide with the dollar index at 80. Once it broke down through 84, there's nothing stopping it from next support at 80.
If the dollar index breaks down below 80, the dollar will be in an absolute freefall. As for me personally, I don't see that happening just yet. However, I reserve my bias as secondary and tend to base my decisions on what the market is actually DOING rather than what it OUGHT to be doing.