Yea I saw that ship of fools. Good thing when NFP is AWOL due to the lack of govt spending i guess. Very sad to see what "good news" has evolved into. Saw an article the other day touting how much personal incomes have risen but they neglect to mention that the dollar isn't worth the paper it's printed on any more. Good quote from mark twain about statistics and the Mississippi River comes to mind.

Things are getting a little out of touch with reality here looks to me.

I agree! Zero sum deal so maybe they should take a look at the pencil theory and what a pencil costs in each country. Then we could have crosses like USD/#2pencil/JPY lol.

Yup I do and better even

Just been busy and thought I'd pip in and post a chart or two. Been trading with the tide the last 10 days or so but I think here a good chance it stick for a while. I like the 235 weekly bar count a lot here since it a gann deal too.

Mornin SG! Been playing it all week long on both sides but 235 weekly bars ending at the .382 fib along with the 1.618 extensions on the daily look to me like recipe to be short for a few weeks here at least.

Very close!

Time to go short Yen crosses me thinks! Zup is showing mulitple *.618 extensions on UJ, EJ, etc. Should be 500 to 600 pips to had here.

Abe got some talk to walk here at UJ 90. Zero sum game so be on yer toes.

Yea whaddya make of Geithner saying the US economy is "close to full recovery", friggin shit on a stick I think. Guess he forgot to include the dollar devaluation in that equation and the other crap they hiding under the rug.

Happy New Year gang!

They don't know any different. Experiences create beliefs and while you, I, and many others remember the Nixon/Carter years with gas lines, double digit mortgage rates and the other ramifications of government out of control the younger generation doesn't have anything to compare "now" against. Reagan brought Volker in to stop the out of control spiral because he knew that a period of contraction was necessary to the business cycle. No other president since has given heed to the cycle and just keep trying to kick the can down the road. Unfortunately, people don't change their actions or beliefs until events and circumstances force them to change and by that measure we've got some serious changes to come still.

GREAT article Bobby, I remember reading it. Too bad the whole country didn't read it!

Using $95 billion a month to lower the unemployment from 7.7 to "7.4 to 7.7" by the end of next year?

THAT is the new definition of insanity!

Yup, if I did that at work I'd be looking for work! The effects are getting less and less every time they do it. If it was really going to help anything we'd be up 300 points on equities. Just more devaluing of the dollar and making the consumer shoulder more of the entitlement burden through higher prices even though they don't admit it. So the consumer pays $2 for bread instead of 50 cents, the manufacturer charges more because labor and ingredients cost more, the farmer charges more for the wheat, and instead of paying sales taxes on the 50 cents the consumer pays sales taxes on the 2 bucks. In the end, nothing has really changed except the government has shuffled off the dollar devaluation onto someone else via inflation (which they don't know the definition of). Bald faced lie they're telling about inflation being "within expectations".

Hard to say Bob, I haven't studied Goodman too much mainly Elliot, Gann, and ratios. Certainly possible but a monthly candle is a long timeframe within each candle so lots can happen inside there. Personally I think GJ is going to retrace close to 600 pips back to almost that breakout weekly trendline. It's a zero-sum game so while nothing seems to be grounded in reality at the moment, at some point it will be bound by the realities of something lol.

Doubtful to me that she close over the square root of 5 here.

There goes the Ponzi scheme spike! What they've been doing isn't working so lets DO MORE. Start getting toilet paper at the ATM soon.

Lol Qui! Spend it fast!

It's Gann's Square of 9.

If today isn't a top for the yen, 12-21 will be.

Today, 12-12-12 is a day of interest as well. 7 complete revolutions from 3-21 and lies on the Cardinal cross of the SQ9. May be some pretty good fireworks today.

Next week Winter Soltice, 270 degrees of the year. Had the 133.46 top at equinox so look for some serious change I think.

I had loaded up with as many .03 orders as I had margin for. When it pushed higher they would margin out the oldest and as soon as it came down and I had free margin I'd short it right back. Happen two or three times until finally it just turned over.

Got 150 pips on EJ a few days ago, looking for a lot more this time around with AU and GJ. Maybe they kick Ben outta the sandbox.

I'm with ya man!

lol Pennies. So markets up today on good Black Friday shopping. Pretty much hilarious in my point of view to bid broad markets up based on consumer demand for "sales" in one day. I'm staying short risk pairs and particularly think this a gift for GJ above 132. Gonna be wheels off the bus here pretty soon me thinks.

Well let's see if we get a double bottom here. 4 hour look like a descending triangle but it's had a mighty big drop for it to be a continuation.

Lol sg! I would have thought a little more rationality and intelligent foresight would have come into play but too many people don't know how to use headlights. Maybe a YouTube video may have helped! Next time I go work on that rent house I'm gonna stop in there and see ya.

I went long gj at 126.25 too

Hiya everybody. Just wanted to pop in and say hi post-election. Crazy election and not at all what I thought it would turn out like although Rush had a great thought when he said that children given the choice between Santa Claus and hard work will choose Santa every time. Things going to hell in a handbasket PDQ is what I personally think.

Anyhow been trading from my phone mostly and haven't even fired up MT4 on any of the computers for ages I think. No telling how many updates await if I ever start it up! Been working on programming some Atmel MCU/ethernet stuff for some other projects I'm doing so that's tied up a lot of my time. Hope you all are doing well tho!

Used to be tax and spend but now I think spend and then tax. idiots in charge around the world.


http://www.foxnews.com/world/2012/09/27/as-un-opens-its-general-assembly-session-it-is-already-thinking-up-new-global/

I went long around here too Pennies.

Hard pressed to top jimmy carter but i think we might be there.

Here's another interesting article. That is a lot of bullets!

http://www.infowars.com/dhs-purchases-200-million-more-rounds-of-ammunition/

http://www.zerohedge.com/contributed/2012-09-19/2-us-supreme-court-justices-%E2%80%93-and-numerous-other-top-government-officials-%E2%80%93-w

I think it about to be like au and will go sub 119 next few weeks

Added to my short on gj here above 128. Time to see a top here at day 180.

Hold on to yer britches. That yellow rectangle about to happen again.

Heck yes. 75 days from the low, I think tomorrow equities down big and top in place.