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Re: double/down post# 491

Thursday, 09/30/2010 12:47:40 AM

Thursday, September 30, 2010 12:47:40 AM

Post# of 605
Gah, once again my intuition is blown to bits by the QE hand of the fed.

Supposedly though, Japan will intervene again soon in FOREX -- I saw that as a big thing.

Given that before you read the chart and told where it was going, and it went, I'll spare the worldly details this time. smile

Where do you see it going from here, if you have a feeling? I'd again ask your opinion of Bill Mclarens most recent analysis:

http://www.mclarenreport.net.au/articles/articles/242/1/September-17-2010-CNBC-Europe-Report/Page1.html

Which gets at the heart of the two things I was getting at

(Though I'dve preferred the DOW, as it's easier to view, the S&P seems to be preferred by a lot of technicians. Any info on that?)

1: Main Markets
2: Currency

What, do you think are driving those two, and what does your chart-mysticism read in to where they're going from this point, with current rates (trends) as they are?

And, lastly (If you don't mind all these questions ... smile ) what forces do you see acting on those trends in the near term?

In a philosophical way, I have a blind spot to prediction (Economically, culturally, or societally) in to beyond early 2011. The technological singularity, 2012 theories, ETC, seem to have such vast implications, that I couldn't possibly fathom their real world effects. Do you feel that bears any true weight or meaning? Or do you have another view?

Thanks for listening, and as always, best wishes. wink

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