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Oh absolutely.
We will see many new brokers entering to gobble up as much commission money we the new traders can through at them.
The down side of all of this will be when our idiot government comes to save us from risk by regulating as much of the profit as they can into nonexistence.
I see it as a little bit larger issue than what you stated.. But yes, quite similar.
Oil isn't going to run out in a few years.. It will probably never run out.
It's the fear they want.
I fully understand why God calls most humans sheep.
Not quite like stocks.
Yes attention is moving towards Forex as more and more people see the weigthed downsides of pennies.
However, that attention will not make Forex more profitable, nor will it make moves in currency rates greater in amplitude.
Quite simply, none of us have enough money to move this market.
None of us can manipulate this market.
People will actually have to learn how to trade in this market.. They won't be able to follow some frontloader to feed off of his scraps.
Brilliant comment.
Right on the money.
Specter, Schumer call for gun law reform
By Jeremy Jacobs
April 22, 2007
In the wake of the shooting massacre at Virginia Tech, Sens. Arlen Specter (R-Pa.) and Charles Schumer (D-N.Y.) said Sunday that federal gun control laws should be changed to increase coordination between state and federal databases to prevent the sale of guns to those with mental health problems.
Specter said on Fox News Sunday that, had there been better coordination between state and federal background repositories, a student with the mental health problems that Virginia Tech Seung-Hui Cho suffered from would not have been able to legally purchase guns.
“There was a definite failure of communication [between state and federal databases],” Specter said, “And that ought to be changed with federal legislation.”
“The state law ought to be in conformity with national law,” he added. “There appeared to be enough information on Cho to put him in a national registry. There is not coordination between the state and the federal government. Had that information been in a national registry then I think some action could have been taken in a preventative way.”
Schumer agreed with Specter and remarked that he will introduce legislation this week to require state databases to be update and coordinated with federal repositories. He also said that Rep. Carolyn McCarthy (D-N.Y.) will introduce companion legislation in the House.
Schumer said he believes “this legislation has a real chance of passing.”
When asked why the Democrats would not press for the renewal of the assault weapon ban, which lapsed three years ago, Schumer said he did not believe the Democrats had the 60 votes necessary to overcome a filibuster in the Senate.
However, he said, “smaller, but really serious pieces of legislation,” like the one he plans to introduce this week, “have a very good chance of passing.”
No not really.. Stocks have market makes and the sort who have certain orders to fill..
Forex is pretty much anarchy, so natural market dynamics play out as opposed to human manipulation.
Yeah that's what I mean.. triangles for the most part in stocks mean going up.. here in Forex.. they could mean anything.
Plateaus... I've found them quite reliable when combined with indicators.
I've found that wedges and triangles are usually false indicators in Forex.. they work like a charm in stocks... worthless for currencies though.
Handles however are damn near a sure thing in Forex.
LOL.. yeah you won't be the only one.
She's going to get it too.. unfortunately there is no one but Obama that can take it from her.
HOLY FRIGGEN HELLLLL
They just sent Sanjayah home...
Those bastards.
Yup.. I think it's hilarious when they yell how they're coming to save us all with fire in their eyes.
So no more "Hitlary" then..
Ok no problem
Not at all suggesting it was a tolerable event..
My only point is it's only being hyped because Hitlary is running for prez with a HUGE anti-gun following.
LOL... ok I'm sorry.. I didn't know the word Hitlary irked you.
I'll try to limit my use of the word Hitlary from now on..
Obviously you are deeply passionate about Hitlary.. and why wouldn't you be?
Look at those ankles.. wow.. like drooping colostomy bags.. swishing from side to side as she waddles about.
Just wait till hitlary gets in office.. surrounded by cheering fearmongers.
It matters where the nut job did it?
Oh yeah.. Off topic is always welcomed here...
We can't learn trading expertise from and with each other if that is all we share of ourselves.
I'm actually interested in this story..
Well.. more accurately I'm interested in how the news media and whining nannies of the country are spinning it to serve their whims.
Why the outrage?
Is this the first time in human history that some nut job killed a bunch of people for no apparent reason?
Surely not.
Is it the most people ever killed by a nut job?
Nope.
Then what is it?
This hyped story is being used by our government to initiate massive gun law crackdowns and eventual anti-gun legislation that will abolish the 2nd amendment.
Within moments of the breaking of this "story", every station on my 95 channels was showing pictures of the guns used.. or mock ups.
This is how our government works...
This is how we are losing our right to call ourselves free.
If you are a gun owner and ever wish to own another... better buy it quick.
I still own some shares cliff.
Perhaps you have another wrong assumption about me?
There is only one thing that needs to be known about this company.
http://stockcharts.com/h-sc/ui
Four sales... How depressing for you.
But on the bright side...
At least you're finally listening to me.
A really nice descending handle formation.. damn near text book.
This is a long term pattern with the culmination years away...
But it'll be worth it.
I would agree.
The buck is getting hit very hard lately.
For a variety of reasons.
America hating is at a high in recent years due in large part to our moron faux conservative president and his unprecedented bipedal inability to speak fluent human.
Due in large part to our government's tyrannical desire to control a FREE market system.
The only answer our idiotic government will have will be to merge our nation with Canada and Mexico.
This won't happen for a decade or two and it will still be done wrong even though we'll pay top dollar for the phuque up.
Dunno about that.
Looking at everything from the daily to the monthly.. Sure starting to look like a major run coming.
Looks almost like a cup and handle setting up on the monthly.
Stochastics on all three timeframes also in overbought territory but in such a pattern as to suggest a continuation.
Our inflation could be worse I guess.
Black market money exchange thrives in Zimbabwe, where soda costs $40 at official rate
Saturday April 07, 2007
By ANGUS SHAW
Associated Press Writer
HARARE, Zimbabwe (AP) The economic chaos engulfing Zimbabwe has turned even a mundane task such as renting a car into an unachievable dream for the average law-abiding citizen.
A car rental company on Saturday quoted a day rate of 690,000 Zimbabwe dollars to hire a basic model, plus a deposit of 25 million Zimbabwe dollars. This is the equivalent of a staggering $2,760 per day plus a deposit of $100,000 at the official exchange rate, but only about $35 and $1250, respectively, on the black market.
The figures provide an insight into the growth of the black market economy in this once-prosperous southern African nation, which is reeling under inflation of more than 1,700 percent and suffering from shortages of most basic goods.
The number of Zimbabwe dollars that bought a three-bedroom house with a swimming pool and tennis court in 1990 today at official exchange rates would buy a single brick. A lifetime public worker's monthly pension cannot buy a loaf of bread.
The independent Consumer Council estimates regular supermarket goods increased in price by between 50 and 200 percent last month alone. The official government mouthpiece, the Herald newspaper, warned last week that inflation would hit 2,500 percent by the end of April.
President Robert Mugabe blames sanctions, drought and Zimbabwe's former colonizer Britain for the collapse of an economy based on exports of agricultural and mineral products.
Others blame land grabs, in which Mugabe encouraged blacks to force out most of the 5,000 white commercial farmers who owned 40 percent of all agricultural land and produced 75 percent of agricultural output.
Zimbabwe's main foreign currency comes from an estimated 3.5 million of its nationals living abroad, replacing tobacco exports, tourism and mining revenues slashed in six years of political and economic turmoil.
Much of the hard currency sent home from Zimbabweans abroad ends up on the black market and gives even impoverished villagers the benefit of black market deals, making most of the population lawbreakers, analysts say.
Currency violations carry the penalty of a fine or imprisonment, which are invoked often mainly by political and business rivals seeking to settle grudges.
Many Zimbabweans are prepared to run the risk, saying they have no choice considering the official rate of 250 Zimbabwe dollars to the U.S. dollar, and the black market rate of 20,000 Zimbabwe dollars to the U.S. dollar.
For instance, a pack of six wax candles, traditionally used by rural poor but now essential in urban homes during frequent power outages, sold for 47,000 Zimbabwe dollars, which was $188 by the official rate, or $2.35 at the unofficial one.
A can of soda costs 10,000 Zimbabwe dollars, or $40 at the official rate, and 50 cents at the black market rate. The price of a bottle of imported Scotch whisky was around 500,000 Zimbabwe dollars, or $2,000 officially and $25 by the black market.
A Zimbabwean motorist wanting to rent a car Saturday was told that the 25 million Zimbabwe dollar deposit on a Volkswagen Chico was payable in cash bundles of it or a bank certified check on a day banks were closed for Easter.
``When we accept cash, it's obviously coming from the black market. We don't ask questions or we'd be out of business,'' said an official of the rental company who asked not to be identified in case of investigation by central bank inspectors.
``Everyone does it. That's the way it works,'' he said. ``It doesn't make any sense to change at the bank. Do you think our politicians do that?''
If a foreign tourist bought a small, locally made chocolate Easter egg at 22,000 Zimbabwe dollars on his international credit card, charged by law at the official rate, it would set him back $88. But if he changed money on the street, he would get it for just over $1.
Smart guy, to say the least.
Told ya so
I don't trade the news.. Only the charts.
I'm ok with you.
I suspect that is of importance.
If you don't mind, perhaps you could explain your system a bit, as it seems we make some of the same calls... even if mine are a week or so before yours :D
Yep.. The spike in gas prices is related to crude's traded price.. but more often, like when Katrina hit, it has more to do with how much gasoline we have already refined.
April 4, 2007 — For the past two weeks, Iran has not just been holding 15 British soldiers captive; it's been holding the world's oil markets hostage, too.
"There's been a $5 or $6 premium that's been built into the price of oil over this," said Phil Flynn, vice president and energy analyst at Alaron Trading. "Even though this crisis has ended, the oil market is still on guard that the tensions in the Middle East are going to continue."
Oil prices spiked this morning when Iranian President Mahmoud Ahmadinejad appeared on television, because of uncertainty over what he was going to announce. When he started awarding medals to the troops who had captured the Britons, traders assumed the worst.
But by the end of Ahmadinejad's television appearance it was apparent that the soldiers were heading home, and the price of a barrel of oil started to retreat from recent highs, giving up more than $1 to drop to about $64.
Analysts say that the price reduction should hold during the coming days but won't translate into lower prices at the pump.
"Things are looking pretty bad for the upcoming summer driving season," said Flynn, citing a new government report showing that the U.S. stockpiles of gasoline fell by 5 million barrels in the past week, much more than analysts were expecting.
Flynn said he believes gasoline prices will head into record territory — currently a nationwide average of $3.07 — by the height of the summer season.
"This is the time of year when we're supposed to be building supplies, but it seems like the refiners just can't get ahead of what has been very, very strong demand," he said.
Today's report shows that the national supply of gas is at the low end of its average range for this time of year, meaning the United States will have less gas in the tank before the peak summer driving season in the coming months.
Analysts said that puts the country on the edge, making any disruption in supply — such as a hurricane in the Gulf of Mexico refining regions or an expansion of the crisis in the Middle East — that much more dangerous.
"Everyone asks me, will we see $4 a gallon? And the answer is, there is a strong possibility that we may see $4 a gallon," said Flynn.
Got this from a little cesna in new england.
Want proof the government has no idea what they're doing?
U.S. Economy: Manufacturing Growth Slackens, Costs Up (Update2)
Costs more to make crap we're buying less of... not good.
By Joe Richter and Robert Willis
April 2 (Bloomberg) -- Manufacturing growth in the U.S. slowed more than forecast The same people forecasting hurricanes... last month and raw-materials costs jumped, reinforcing concerns that a cooling economy isn't reducing inflation.
The Institute for Supply Management said today its factory index fell to 50.9, from 52.3 in February. The median estimate of economists surveyed by Bloomberg News was for a drop to 51.4. A sub-index of prices rose the most in seven months, while measures of employment and new orders declined. That means layoffs are looming
Manufacturing, which accounts for about 12 percent of the economy, won't contribute to the pickup in growth predicted by the Federal Reserve, the report suggests. Soaring costs for fuel and metals might make some firms reluctant to invest and force them to pass on higher costs. Persistent inflation pressures also mean the Fed is unlikely to cut interest rates in coming months, economists said.So we're getting screwed on both sides.. nice
``This makes the Fed's dilemma more acute in the sense that growth is very soft and the inflation numbers are ticking up or even surging for manufacturers,'' said Nariman Behravesh, chief economist at Global Insight Inc. in Lexington, Massachusetts. ``At a time when manufacturing is so weak, to see inflation this strong is very troubling.'' But predictable
In Europe, manufacturing growth also slackened. Royal Bank of Scotland Group Plc said its index of manufacturing in the euro region fell to 55.4, the lowest in more than a year, from 55.6 the prior month.
The ISM index averaged 53.9 in 2006 and fell below 50 in November and January. Its index of prices paid jumped to 65.5, the highest since August, from 59. Sooo they're lagging us by a bit... news?
`High Hurdle'
Federal Reserve Bank of St. Louis President William Poole said today that there's a ``high hurdle'' for favoring interest- rate cuts will inflation at current levels.
``There would have to be a high hurdle for me to want to be cutting rates if the economy is only marginally and tentatively on the weak side'' and inflation isn't slowing toward 2 percent, This guy is on cheap canadian drugs... the economy was going crazy and now is slowing... one little blip is nothing compared to an overall trend... we as chart reading savants know this beyond doubt Poole said after a speech in New York to the National Association for Business Economics.
The Tempe, Arizona-based institute's new orders index, which makes up about a third of the total, decreased to 51.6 from 54.9. The production index, a measure of work being performed, fell to 53 from 54.1.
The institute's supplier-deliveries gauge, which covers how long it takes companies to receive goods, rose to 51.3 from 50.8. The measure of orders waiting to be filled fell to 47 from 51.5 in February.
`On A Plateau'
``Manufacturing is on a plateau right now, but at a fairly high level,''Yes this is where bearish reversals happen... Norbert Ore, moron director of the ISM survey, said in a conference call today. ``The odds are better that we go up than that we go down from here.''see above
The inventory index increased to 47.5 from 44.6.
In a sign the inventory drawdown may be approaching its end, the ISM report showed stockpiles at customers dropped for the first time since September. The decline raised speculation more orders would soon trickle in.
``At least in some industries, inventories are starting to hit the right level,'' ISM's Ore said in an interview. ``That gives me confidence that we can maintain the growth we've seen.''Factor in $4 gas and you might see it another way
The economy grew at a 2.5 percent pace in the fourth quarter following a 2 percent rate of expansion in the third quarter, the government said last week. Inventories accumulated more than previously estimated in the last quarter of 2006, the report showed.
Fourth-Quarter Spending
Business spending on equipment and software fell 4.8 percent in the fourth quarter, subtracting 0.36 percentage point from growth, according to the report.
Companies continued to slow the pace of orders in the first quarter to work off stockpiles. A report last week from the Commerce Department showed durable goods orders excluding transportation equipment fell in February for a second month, reflecting reluctance of companies to buy new machinery and equipment until inventories are reduced further. Manufacturing output fell in three of the five months through February, according to Fed figures.
``The inventory adjustment process may have largely run its course in the motor vehicle sector, but remaining imbalances in some other industries may continue to impose some restraint on industrial production for a time,'' Fed Chairman Ben S. Bernanke told Congress last week.
Dallas-based Texas Instruments Inc., a leading maker of semi-conductors, sees declining inventories setting the stage for future demand.
`Solid' Demand
``Customer inventory levels have continued to improve and in demand, trends have remained solid,'' Ron Slaymaker, vice president for investor relations at Dallas-based Texas Instruments Inc., said on a conference call March 12.``We believe growth is likely to resume again in the second quarter.''Factor in $4 gas... why is it none of these guys are doing that?
Dennis R. Sadlowski, chief operating officer of Siemens Energy & Automation, a Siemens AG unit that makes and delivers power distribution and automation equipment, said in an interview last week that companies were more careful about making investments. Yes as they should be... The markets are toppish no matter what smilling moron tells you different
``We see slowing but still growing markets and a slowing but still growing investment profile overall,'' said Sadlowski. ``Things associated with residential construction and building materials are still slowing down.'' Yes that's how reversals start
Make sure you watch for a recheck of the trend line before it runs.
We were all baggies at one point.
Watch the EUR/USD here at 1.332ish.. It's right above an intraweek trendline... whichever way it decides to go will be a decent play.
Round two?
IDF intelligence: Iran, Hizbullah preparing for possible US strike
Head of military intelligence says Iran, Syria and Hizbullah preparing for possible confrontation with US this summer
Ronny Sofer
Iran, Syria and Hizbullah are preparing for a possible military confrontation with the United States in the summer, the head of the IDF's Military Intelligence said Sunday.
"Their preparation is defensive ahead of war … They fear a war initiated by the Americans because they understand that there might be an attack against Iran over the summer, but not by Israel," Maj. Gen. Amos Yadlin told the Cabinet.
"We are closely following these preparations, for fear that one of the sides misinterprets certain moves in the region. I bring up the Six Day War in this context – when you reach a war no one is interested in as a result of the involvement of many players.
"We need to be ready, and at the same time be careful that such steps do not cause others to get the wrong idea about our moves," he added.
According to the intelligence chief, Hizbullah has been maintaining the ceasefire so far, because the organization is not interested in getting into another conflict with Israel. "The organization is busy rehabilitating… like the Syrians, Hizbullah too needs to prepare for a war in the summer."
Haniyeh: Divide and conquer ?
Turning his attention to Palestinian Prime Minister Ismail Haniyeh, Yadlin said that the latter was seeking to separate between the moderate Hamas government and the more militant Hamas movement.
"When Haniyeh retuned from the Arab summit, he made some extreme statements and hinted that if the Hamas government is not recognized by the international community and the boycott not lifted – a third intifada may break out," Yadlin said.
However, Yadlin stated that there were elements within Hamas that were unhappy with the approval of the Arab initiative. "In the last month, he (Haniyeh) has been leading the move towards a unity government, and he is now being blamed for leading a moderate approach in the Riyadh summit," he explained.
Don't worry about his opinion.. Mine's the only one that counts..
And I can spell.
This is an attempt to recreate the hostage crisis Carter bundled in the seventies.
They are hoping we will be just as stupid as we were then.
Funny thing is I'm not really convinced our governments are any smarter now.
This ends badly.
Crude's chart is setting up perfectly for this to end badly.
We'll see gas over $4.50 before this ends.
Many methods were tried.
This one I still use from time to time:
http://www.investorshub.com/boards/read_msg.asp?message_id=9802374
Just saw 2.83 on the way home last night..
Was 2.69 when I gassed up on thursday..
That's premium.. all I buy.