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DecisionPoint - Market Trend Charts
Main entry:
http://stockcharts.com/
StockCharts.com » FreeCharts » DecisionPoint Market Analysis Chart Gallery
Direct link:
Market Trend Charts
http://stockcharts.com/freecharts/dpgallery.html
Daily Trend Analysis
Weekly Trend Analysis
Monthly Trend Analysis
Market Condition Charts
>> slaves creating more efficient machines to perpetuate
Unfortunately, "that country" carried an "Original sin" that is hard to erase. but it will be. Thing will be changed in according to "their" way not those on a moral high ground from an utopia
The Insight China series is posted to say the global competition is intense.
Insight China (4) Supercomputer
China’s Tianhe-2 (Milky Way 2) Supercomputer Retains Top Spot on 43rd Edition of the TOP500 List
http://www.top500.org/blog/lists/2014/06/press-release/
For the third consecutive time, Tianhe-2, a supercomputer developed by China’s National University of Defense Technology, has retained its position as the world’s No. 1 system with a performance of 33.86 petaflop/s (quadrillions of calculations per second) on the Linpack benchmark, according to the 43rd edition of the twice-yearly TOP500 list of the world’s most powerful supercomputers.
Chinese Supercomputer
http://www.dslprime.com/dslprime/42-d/4934-chinese-supercomputer-twice-as-fast-as-any-other
Tuesday, 18 June 2013 23:45
No doubt China is in the front rank. It's time to put to rest the shibboleth that Chinese engineers are not innovative. U.S. Professor Jack Dongarra, a world expert on supercomputers, notes "there are a number of features of the TH-2 that are Chinese in origin, unique and interesting, including the TH-Express 2 interconnection network, the Galaxy FT-1500 16-core processor, the OpenMC programming model, their high density package, the apparent reliability and scalability of the system."
Re: human condition-ing
Thank You
I have mentioned about "Thinking outside the Box"
imho, it is equally important to: Avoid "pontification, obsessive compulsion, cognitive traps "
Cognitive traps for intelligence analysis
http://en.wikipedia.org/wiki/Cognitive_traps_for_intelligence_analysis
getmenews: I would-be-long the-market-until we-reach 2002~08
Thank You
I have 2001.64 in in this chart
06/26/14 SPX – trend synopsis
(1) Review 1 (Status quo ante)
02/28/14
Index takes out the important pivots 1860.11 (highlighted in green in the wave table), the 1900 zone is becoming ‘reachable’.
whether the (middle to long term) target 1944.65 (highlighted in red) will be materialized is depending on how the pullback looks like.
Wave table: link
05/24/14 01:57:15 PM
1931.41 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
1970 (1970.89) in this chart link
2050 (2047.41) in the above Wave table
06/05/14 SPX knocks out 1931.41
it seems only as matter of time, SPX will enter the zone 1970-2050.
1895 = 0.96191 * 1970, 50SMA (as of 06/26) is 1907.50
1821 = 0.92456 * 1970, 200SMA (as of 06/26) is 1823.52
1757 = 0.89198 * 1970, 0.500 retracement (1970 1560) is 1765
1557 = 0.79012 * 1970, this is a large pullback
wave iv @1560.33, an important support
05/12/14 link
Both bearish & bullish scenario suggests there might be a few more hundred points to go. the Fibonacci extensions give an estimate from 2130 to 2214.
02/08/14 link
IMHO, the Long term weekly chart hints a possible recurring rhythm.
long term weekly chart: link
In overall, it is still very bullish.
As long as bull can hold the critical support zone 1450-1620 +/- .
the bull market (since 2009) is firmly intact.
Dow Jones Secular Bull Market Projection
By: Trader MC | Wed, Jun 25, 2014
http://www.safehaven.com/article/34311/dow-jones-secular-bull-market-projection
SPX http://static.safehaven.com/authors/tradermc/34311_b_large.png
DJI http://static.safehaven.com/authors/tradermc/34311_c_large.png
06/26/14 SPX intraday
intraday low 1944.69 in-progress
intraday/local frame support 1943.73-1944.58, 1942.00
larger pullback gauge 1931.87
archive
------------------------
05/24/14 01:57:15 PM
1931.41 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
-------------------------
06/24/14 CZZ target has been met
intraday high 14.41, in progress
target 14.34-14.93-15.29, see chart
The first target has been met, 14.34 = (12.81-10.33) + 11.86
- the wave boundary is not clearly defined, just an estimate
- the breakout date is 04/02, on that date it closed at 11.91
- this is an approx. +20% profit from 12.00
archive:
06/09/14 CZZ follow-up
06/06/14 This past weeks it tested the 11.99, now bounces off nicely
04/02/14 CZZ is up 4% with 2X volume, intraday high 11.99.
03/05/14 Wait for the next opportunity window.
06/23/14 Integrated Oil, Oil-Gas-Refining
Oil sector uptrend continues
Use 05/30 as time stamp,
CVX OXY TOT COP ESV +$4 ~~ +$12
ESV - Ensco is a provider of offshore contract drilling services (UK)
05/30/14 Core watch list (Integrated Oil, Oil-Gas-Refining)
CVX OXY TOT COP LYB MPC PSX ESV
Core COP (long hold)
06/23/14 Gold
imho:
for a safer play that uses trend-line & Fibonacci, the breakout zone is 1326-1329. support is 1278 (0.236)
0.500 1317.63 trace up 1392.50 1242.75
0.577 1329.16
0.618 1335.30
mean 1326.47 ( 1335.30 1317.63 )
Jun 20 1322.50
Jun 19 1322.00
Apr 14 1331.40
data source: http://www.investing.com/commodities/gold-historical-data
prior post
06/22/14 Calculate the Pullback target
An analytic way to calculate the pullback target, for academic discussion only.
This is the continuation part for the prior post link
The target for wave (5) is 1970-2050 (see prior post)
The pullback wave 4 (4 with a circle in the chart) can be estimated by:
assume wave (5) peak is 1970,
deflator coefficients * wave (5)
where the deflator coefficients are:
0.79012, 0.8100, 0.89198, 0.92456, 0.96191
(to be elaborated)
1895 = 0.96191 * 1970, 50SMA (as of 06/20) is 1897.47
1821 = 0.92456 * 1970, 200SMA (as of 06/20) is 1817.73
1757 = 0.89198 * 1970, 0.500 retracement (1970 1560) is 1765
1557 = 0.79012 * 1970, this is a large pullback
wave iv @1560.33, an important support
06/21/14 Near term & overall perspective
This post does not make a TOP call, it is rather an overall perspective.
Projection numbers can be tuned to the nearest local reference points accordingly.
(A) SPX
SPX 1970-2050, so far 1963.91 (06/20)
05/30/14 pivot
1931.41 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
06/07/14 Near term & overall perspective
Wave (3) had extended extensively, so wave (5) could exhibit at least a simple 5 sub waves.
The Fibonacci Summation Series is the tenet for E-wave
source: Fibonacci relationships
R. N. Elliott's analysis of the mathematical properties of waves and patterns eventually led him to conclude that "The Fibonacci Summation Series is the basis of The Wave Principle.".
WaveTrack International GmbH
23rd June 2014
http://www.wavetrack.com/
The five wave ending diagonal pattern unfolding higher from the early Feb.’14 low of 1737.92 has now traded to max. upside levels for its 3rd wave sequence. The orthodox top for wave 3 could be extended above its previous week’s high of towards 1966.42 prior to a 4th wave counter-trend decline with downside targets during the next couple of weeks towards 1896.46+/-.
Should the S&P fail to reject this resistance level and instead continue higher, the concept of the diagonal pattern will be replaced with a more orthodox five wave expanding-impulse pattern unfolding higher from the mid-April low of 1814.36. Internal fib-price-ratio measurements of this sequence would project to higher levels towards 1990.00+/-.
A total of three additional fib-price-ratio measurements of the larger/aggregate impulse pattern in upside progress from the June ’13 low although converge towards 1982.17-88.01-91.62 offering significant resistance and an obvious place to complete a multi-year advance.
WaveTrack International GmbH
23rd June 2014
http://www.wavetrack.com/
The comparable Dow Jones (DJIA) index is also approaching a terminal high towards 17180.40 whilst the Russell 2000 has already approached upside targets for the completion of a counter-trend pattern into the 1187.00+/- level whilst remaining the higher March peak.
what is different about this bipolar junction transistor?
The IGBT is used in high-power applications ( > 500 Amperes, > 1200VDC) such as switched-mode power supply, motor control, inverters (Solar power, wind power), converters, rail train, electric car, military application.
NowWhat: The HUI Golden Cross Conundrum
imho:
In overall, HUI is bear zone.
those are invalid 50/200 golden-cross because the 200SMA is still in descending. The local trend line takes more weight for trading.
In E-wave perspective, HUI could be in the difficult-to-read wave 4 to be followed by the dire wave 5, no one knows for sure.
Dilemma:
"The second mouse gets the cheese" (The first mouse gets clobbered by the mousetrap)
"The early bird gets the worm"
Joseph E Granville's 200-Day Moving Average Price Line Strategy
http://www.angelfire.com/sk/mtsp500/granville.html
jumanji0881: the QE conundrum
in principle: The guarantee of repay the interests can only be backed by country's trade surplus and forced by military power and overall national strength.
it is as the matter of the status of Dollar hegemony, Only the 'Da Power' knows the balance point.
The Wall street is a 'shame' place but there is profit to be made.
Follow the market trend, the trend is Your (& our) friend.
High power IGBT
Insulated-gate bipolar transistor http://en.wikipedia.org/wiki/Insulated-gate_bipolar_transistor
a strategic semiconductor device
China South Locomotive & Rolling Stock Corporation Limited (CSR)
smashes the long term monopoly by ABB, Dynex, Fuji, Hitachi, Infineon, Ixys, Mitsubishi, Powerex, Toshiba (dominated by Europe and Japan)
CSR IGBT in production
source: http://www.guancha.cn/Industry/2014_06_20_239541.shtml
Huawei Qualcomm Broadcom
Broadcom could sell cellular baseband unit, but buyers are not apparent
June 2, 2014 | By Phil Goldstein
http://www.fiercewireless.com/story/broadcom-could-sell-cellular-baseband-unit-buyers-are-not-apparent/2014-06-02
Broadcom is exploring whether to sell off or wind down its cellular baseband business, an acknowledgement of the difficulties it has had in catching up in the LTE market and the dominance of rival Qualcomm in the baseband market.
Huawei's Kirin 920 processor set to shake up global market
Xinhua
2014-06-16
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140616000067&cid=1102
When it comes to chips for powering smartphones, it has long been a story of the world's leading smartphone chipmaker — US firm Qualcomm. This time, it is a Chinese-made chip that has caught the eye of market observers.
The octa-core Kirin 920, unveiled by Huawei-owned HiSilicon on Friday, features support for QHD displays, 4K video recording and a high-speed LTE category-6 platform, something even the global industry leaders find it difficult to offer.
While it is too early to say this signals the rise of China in the global mobile processor market, the news should still come as a boon to the country's IT sector, especially the chipmaking industry, which has been lagging far behind the world heavyweights.
06/20/14 Gold
Gold traced down to 0.707/1243.61 (chart 1) and bounces up (chart 2)
0.500 1317.63 trace up 1392.50 1242.75
0.618 1335.30
Recent low
Historical-London-Fix-Price – 2014 link
06/02/14 PM 1242.75
Gold Futures link
06/03/14 1240.20
03/29/14 04:14:36 PM
Sprott Physical Gold Trust PHYS
Jan 29 2013, 08:39 PM
Gold is behind schedule, needs to break 1697.88 asap, otherwise, ..........
06/18/14 SPX
intraday high 1957.97, closing 1956.98
06/07/14 Near term & overall perspective
When zooms in the local frame (the pull out box in the 3rd. chart), the possible Fibonacci target is in the range of 1950.17 – 1978.97
Wave (3) had extended extensively, so wave (5) could exhibit at least a simple 5 sub waves.
06/18/14 Geo-Economic - The great transition
This is the continuation part for the Geo-Economic main theme:
04/09/14 04:12:47 PM
Building the world’s greatest market ( via the new Silk road ) link
former US Secretary of State Madeline Albright:
History never repeats itself exactly, but we ignore its lessons at our peril
Full transcript of President Obama’s commencement address at West Point
http://www.washingtonpost.com/politics/full-text-of-president-obamas-commencement-address-at-west-point/2014/05/28/cfbcdcaa-e670-11e3-afc6-a1dd9407abcf_story.html
an excerpt:
Here’s my bottom line: America must always lead on the world stage. If we don’t, no one else will.
In fact, by most measures America has rarely been stronger relative to the rest of the world. Those who argue otherwise -- who suggest that America is in decline or has seen its global leadership slip away -- are either misreading history or engaged in partisan politics.
I believe in American Exceptionalism with every fiber of my being. But what makes us exceptional is not our ability to flout international norms and the rule of law; it is our willingness to affirm them through our actions.
(Applause.)
The Limits of Power: The End of American Exceptionalism
Andrew Bacevich
book review http://www.amazon.com/The-Limits-Power-American-Exceptionalism/dp/0805088156
The Limits of Power identifies a profound triple crisis facing America:
The economy, in remarkable disarray, can no longer be fixed by relying on expansion abroad.
The government is a democracy in form only.
U.S. involvement in wars, driven by a deep infatuation with military power, has been a catastrophe for the body politic.
These pressing problems threaten all of us, Republicans and Democrats. If the nation is to solve its predicament, it will need the revival of a distinctly American approach: the neglected tradition of realism.
Andrew J. Bacevich, uniquely respected across the political spectrum, offers a historical perspective on the illusions that have governed American policy since 1945.
The realism he proposes includes respect for power and its limits; sensitivity to unintended consequences; aversion to claims of exceptionalism; skepticism of easy solutions, especially those involving force; and a conviction that the books will have to balance. Only a return to such principles, Bacevich argues, can provide common ground for fixing America’s urgent problems before the damage becomes irreparable.
This Time, Russia-China Alliance Will Last
Jun 5, 2014 11:52 AM EDT
By Leonid Bershidsky
http://www.bloombergview.com/articles/2014-06-05/this-time-russia-china-alliance-will-last
The emerging Sino-Russian alliance looks like an opportunistic arrangement. Russia, rejecting and rejected by the West, needs a strong alternative while resource-poor China hopes to harness the potential of its huge northern neighbor. In fact, China and Russia are made for each other. Despite many cultural differences, their people have more values in common than either share with the West..
Brzezinski In his book "The Grand Chessboard,"
http://www.spiegel.de/international/world/the-geopolitical-implications-of-conflict-in-ukraine-a-954724.html
Brzezinski wrote, the Russian Federation would be a "powerful imperial state." He saw danger in a potential "German-Russian collusion" and in the possibility of an agreement between Europe and Russia with the goal of pushing America out of the region.
The transition has begun
economic projections from the June 17-18 FOMC meeting
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 17-18 FOMC meeting
http://www.federalreserve.gov/monetarypolicy/fomcprojtabl20140618.htm
http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20140618.pdf
Federal Reserve FOMC statement
( FED CONTINUES TO TAPER )
Release Date: June 18, 2014
For immediate release
http://www.federalreserve.gov/newsevents/press/monetary/20140618a.htm
Information received since the Federal Open Market Committee met in April indicates that growth in economic activity has rebounded in recent months. Labor market indicators generally showed further improvement. The unemployment rate, though lower, remains elevated. Household spending appears to be rising moderately and business fixed investment resumed its advance, while the recovery in the housing sector remained slow. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace and labor market conditions will continue to improve gradually, moving toward those the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for the economy and the labor market as nearly balanced. The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, and it is monitoring inflation developments carefully for evidence that inflation will move back toward its objective over the medium term.
The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions. In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions since the inception of the current asset purchase program, the Committee decided to make a further measured reduction in the pace of its asset purchases. Beginning in July, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $15 billion per month rather than $20 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $20 billion per month rather than $25 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee's sizable and still-increasing holdings of longer-term securities should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger economic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee's dual mandate.
The Committee will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability. If incoming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings. However, asset purchases are not on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy remains appropriate. In determining how long to maintain the current 0 to 1/4 percent target range for the federal funds rate, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. The Committee continues to anticipate, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Stanley Fischer; Richard W. Fisher; Narayana Kocherlakota; Loretta J. Mester; Charles I. Plosser; Jerome H. Powell; and Daniel K. Tarullo.
Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities (PDF)
2014 Monetary Policy Releases
06/18/14 Semi
Semiconductor is a big sector, I picked 4 tickers MCHP, INTC NXPI QCOM as part of my watch list.
MCHP homepage http://www.microchip.com/
I bought MCHP long ago. it pays nice dividend.
Rotor - Not pro or anti either side
Thank You for sharing
Thus the way I am taking, I bundled Geo-Economic information together in a way of FWIW.
Yuan to Start Direct Trading With Pound
Yuan to Start Direct Trading With Pound as China Promotes Market
By Fion Li June 18, 2014
http://www.businessweek.com/news/2014-06-18/china-s-yuan-to-start-direct-trading-with-british-pound-tomorrow
UK and China agree £14 billion of trade and investment deals
Details of the trade and investment deals announced during the UK-China summit.
17 June 2014
link
BP sign $20 billion LNG supply deal with China's CNOOC
http://marketbusinessnews.com/bp-chinese-multibillion-dollar-deal-agreed/25309
Shell signs global strategic alliance agreement with CNOOC
Jun 17th, 2014 by John Donovan
http://royaldutchshellplc.com/
photo source: http://www.guancha.cn
Fed consider charging Bond Fund "exit fee" .
http://www.businessinsider.com/ft-the-fed-is-considering-charging-investors-to-wind-down-bond-holdings-2014-6
removed
chart error
ConocoPhillips (COP) & Golar LNG Ltd. (GLNG)
moves up
COP 05/30 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102682395
GLNG 03/18 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99011373
The Grand chessboard - beyond QE
photos sources: (sometimes a picture is better than a wordy page)
http://www.guancha.cn/
http://www.miercn.com/
former British Prime Minister, Lord Palmerston, is reputedly once to have said of Great Britain:
We have no permanent allies,
we have no permanent enemies,
we only have permanent interests.
https://politicalscience.byu.edu/Syllabi/F08/Champion_170_F08.pdf
Fisher Favors Steady QE Tapering to Zero by End of October
By Steve Matthews May 9, 2014 11:32 AM PT
http://www.bloomberg.com/news/2014-05-09/fisher-favors-steady-tapering-of-qe-to-zero-by-end-of-october.html
race to end QE, why?
Bank of Japan announces possible end of QE. IMF disagrees.
http://www.marketpulse.com/20140530/week-fx-asia-japanese-inflation-validates-abenomics/
Draghi Deflation Fight Seen on Different QE Path to Fed
By John Fraher and Jana Randow Apr 4, 2014 9:37 AM PT ath to Fed
http://www.bloomberg.com/news/2014-04-03/draghi-seen-forging-different-qe-path-to-fed-in-deflation-fight.html
ECB Negative Interest Rates To Weaken Euro, Make Non Yielding Gold More Attractive
http://www.maxkeiser.com/2014/06/ecb-negative-interest-rates-to-weaken-euro-make-non-yielding-gold-more-attractive/
Carney Says BOE Could Raise Rates Sooner Than Markets Expect
By Scott Hamilton and Jennifer Ryan Jun 12, 2014 1:13 PM PT
http://www.bloomberg.com/news/2014-06-12/carney-says-boe-could-raise-rates-sooner-than-markets-expect-1-.html
Mark Carney said the Bank of England could raise interest rates from a record low earlier than investors expect as he expressed concern that mounting debt related to the housing market could undermine stability.
Chess in a Minefield: The Global Implications of the Ukraine Conflict
By Uwe Klussmann February 20, 2014 – 05:42 PM
http://www.spiegel.de/international/world/the-geopolitical-implications-of-conflict-in-ukraine-a-954724.html
Essentially, Brzezinski's point of view is one that guides American strategy to this day: The US wants to keep Russia as far away as possible. If the Europeans get involved in Ukraine and harm their relations with Moscow, that is fine with Washington.
US deploys stealth B-2 bombers in Europe
June 09, 2014 07:17
http://rt.com/news/164688-b2-bombers-deployed-europe/
US deploys 3 B-52 Stratofortress strategic bombers to UK
Published time: June 05, 2014 07:14
http://rt.com/news/163772-b-52-stratofortress-uk/
US sends aircraft carrier to Persian Gulf as Obama considers air strikes in Iraq
14 June 2014
http://www.theguardian.com/world/2014/jun/14/aircraft-carrier-iraq-isis-strike-persian-gulf
G7 leaders warn Russia of fresh sanctions over Ukraine
5 June 2014 Last updated at 06:47 ET
http://www.bbc.com/news/world-europe-27707518
'Get out of EU,' ex-French PM Rocard tells Britain
PARIS Wed Jun 4, 2014 9:37am EDT
http://www.reuters.com/article/2014/06/04/us-britain-europe-idUSKBN0EF1A320140604
"So leave, then, before you destroy everything, "Rocard wrote. "There was a time when being British was synonymous with elegance. Let us rebuild Europe. Regain your elegance and you will regain our esteem."
German Businesses Urge Halt on Sanctions Against Russia
Vocal Opposition Has Helped Keep Merkel From Endorsing Broader Penalties on Moscow
By Matthew Karnitschnig, May 1, 2014 10:11 p.m. ET
http://online.wsj.com/news/articles/SB10001424052702303948104579535983960826054
Several of the biggest names in German business—including chemical giant BASF, engineering group Siemens , Volkswagen AG , Adidas and Deutsche Bank —have made their opposition to broader economic sanctions against Russia clear in recent weeks, both in public and in private.
$'s Hegemony Is Slowly Eroding
French bank BNP Paribas respond US-EU trade sanctions or retirement dollars
Published: 10:29:34 June 12,2014
http://www.wantinews.com/news-8569082-French-bank-BNP-Paribas-respond-US-EU-trade-sanctions-or-retirement-dollars.html
On Wednesday, the Bank of France governor Christian Noyer said the U.S. sanctions for alleged violations of BNP Paribas and the U.S. sanctions are given, may encourage French companies to stop using the dollar in international transactions.
How the US treats its allies: the European banking system under threat
By François Godement - 10 Jun 14
http://www.ecfr.eu/content/entry/commentary_how_the_us_treats_its_allies_the_european_banking_system_unde272
The only reason that BNP Paribas is liable to prosecution is that it conducted its energy trading in US dollars
The US derives an “exorbitant privilege” from issuing the world’s only truly global currency. It has never used this privilege against China, which is the biggest international holder of dollar reserves, of which two-thirds flow through offshore capital markets. But the US is using its privilege against Europeans. How likely is it that Chinese banks and companies have never traded with a country under sanctions – such as North Korea, Burma, Iran, Sudan, or Zimbabwe – and used US dollars in the process?
06/07/14 Near term & overall perspective
When zoom in the local frame (the pull out box in the follow chart), the possible Fibonacci target is in the range of 1950.17 – 1978.97. This post does not attempt a TOP call, it is rather an overall perspective.
discussions:
(1) Wave counting is the result of wishful thoughts,
Market is the true Master.
wave nomenclature: this link
counting methodology: fig #04 via this link
(2) Alternative view
– see comments made on 05/12/14 in archives
(3) If wave (5) equals wave (1), the ending point is 2001.64
(4) Wave (3) had extended extensively,
so wave (5) could exhibit at least a simple 5 sub waves.
(5) The overall wave structure looks bullish,
The trend is up, the Trend is our friend
(6) Anthony Caldaro:
“Our target range for Q3/Q4 2014 remains SPX 1970 to 2070.”
http://caldaro.wordpress.com/2014/06/07/weekend-update-451/
(7) When the facts change, I change my mind. - John Maynard Keynes
Monday, 05/12/14 05:58:16 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101873403
imho: refer to the following chart, there is no way to know 1370.55 is wave A (bearish series, A B C or W X Y) or Wave 1 (bullish series, 1 2 3 4 5), (Both) wave scenario suggests there might be a few more hundred points to go. the Fibonacci extensions give an estimate from 2130 to 2214.
chart: http://forexrainbow.com/images/42991225079598421737.jpg
July 20, 2013, 11:48:09 PM
chart: http://forexrainbow.com/viewer.php?file=28946137974246377016.jpg
September 30, 2012, 8:24:46 PM
chart: http://forexrainbow.com/viewer.php?file=96164382991989141043.jpg
irreconcilable “tastes”
sitting on the fence (a misspelled "France"), Hollande made "the chosen"
“Supper” Entrée for Mr. Putin
Hawaiian Ice Cream
( http://barackobamaeatingthings.tumblr.com/ )
Zakuski - Russian appetizers for Mr. Obama
fried Volga River Smelt
Hey, like it?
( http://www.guancha.cn/ )
With Obama and Putin in France for Dinner, Hollande Leaves Room for Seconds
By SCOTT SAYAREJUNE 5, 2014
http://www.nytimes.com/2014/06/06/world/europe/obama-putin-in-france-for-dday-hollande-leaves-room-for-seconds.html
it most likely a question of irreconcilable tastes among his guests: Both President Obama and President Vladimir V. Putin of Russia tend to favor lean, healthy fare, and both make some willing exceptions, especially for ice cream. (Mr. Hollande is said to eat and drink more broadly and with somewhat more pleasure than either of his counterparts.)
Mr. Hollande to schedule two separate meals, the first at a Michelin-starred restaurant off the Champs-Élysées with Mr. Obama, the second, two hours later, just down the hill at the presidential palace with Mr. Putin. The second meal was no more than a “light supper,” Mr. Hollande’s office insisted.
Runaway Train
( http://en.wikipedia.org/wiki/Runaway_Train_%28film%29 )
Photo: Bernanke & his Runaway Train
http://www.cyclopspress.com/runawaytrain1.jpg
Poor Janet is watching the QE runaway train episode & realizes that she is on the same passage too.
photo: http://www.wearysloth.com/Gallery/ActorsD/4411-16368.jpg
I wonder how historian will write this chapter into the book, but I am sure Bernanke cannot peel off his name from this QE train: "If you ask an elementary school student what Bernanke discovered, they might tell you that Bernanke discovered QE."