35854 replies to this topic

[Redeemer]

Well, I suspect she will drop down to 39000-ish, then zoom up again to end around 39280...that typical W

 

US Stock futures all looking very green. Could end very bullish today !!

[Mad Max]

US Stock futures all looking very green. Could end very bullish today !!

[Lekkerry]

Makes one think Jakes.

 

Never say never.

 

What is a "ponzi scheme", you have to get more investors in, to pay current investors (basically).

What are US (and all governments) doing? They need to borrow more to pay current debt, (basically the same as a ponzi scheme)?

 

I know this is an oversimplification, but just saying.

[Beorn]

this world is built on debt - damn i have so much debt

what should i do with it?

well the answer is simple - just do not repay it

the world will never be at peace until all this debt is wiped out and we can start with a clean slate

 

at some stage the opportunity must be taken to  get rid of this debt - perhaps it is high time that it is done now ......

 

And then also go back to the gold standard.

Things started going pear shaped since that was ditched.

 

If any of these things occur though, needles to say it would seem like the end of the world. 

[happiesmiles007]

the other option is just to print more money and give it to everyone who has debt - let them pay their debt then recall the printed notes and burn them 

 

hehehe

[happiesmiles007]

this world is built on debt - damn i have so much debt

what should i do with it?

well the answer is simple - just do not repay it

the world will never be at peace until all this debt is wiped out and we can start with a clean slate

 

at some stage the opportunity must be taken to  get rid of this debt - perhaps it is high time that it is done now ......

 

[Beorn]

Agreed, they will never allow it to come to that!

 

Never say never.

 

What is a "ponzi scheme", you have to get more investors in, to pay current investors (basically).

What are US (and all governments) doing? They need to borrow more to pay current debt, (basically the same as a ponzi scheme)?

 

I know this is an oversimplification, but just saying.

[OceanWalz]

Seeing this as a goodbye kiss.

But I could be wrong, any good news out of US could be very bullish

if any good news is to come then it wont be next few hours as USA sleeping and their indexes also looking heavy - but see the SP500 futures up 0.26% currently

[Beorn]

HI Jakes so do you consider the current , 39334 , as a upward or merely a come up for a kiss before slow sag down to lower regions of the trendline?

 

Seeing this as a goodbye kiss.

But I could be wrong, any good news out of US could be very bullish

[AJS]

The US Treasury Department warned that a federal default could lead to a recession as bad as the 2008 financial crisis or worse.

Not only might the economic consequences of default be profound, those consequences, including high interest rates, reduced investment, higher debt payments and slow economic growth could last for more than a generation.

 

More reason for the bulls to run. The world is coming to an end. The stock markets will crash. Pain and suffering will come. Poverty and famine will hit us.

Not a chance. Just noise to me.

 

Pick up your b#lls and be a man. Show that you're a real bull.

 

Agreed, they will never allow it to come to that!

[Sunesis]

Of all the shares making up the top 40, only MTN is flat, the rest are all down.

This could get ugly!

The US Treasury Department warned that a federal default could lead to a recession as bad as the 2008 financial crisis or worse.

Not only might the economic consequences of default be profound, those consequences, including high interest rates, reduced investment, higher debt payments and slow economic growth could last for more than a generation.

 

More reason for the bulls to run. The world is coming to an end. The stock markets will crash. Pain and suffering will come. Poverty and famine will hit us.

Not a chance. Just noise to me.

 

Pick up your b#lls and be a man. Show that you're a real bull.

[OceanWalz]

Neck line broken.

I am going to add to my short if we go back to test the neckline.

HI Jakes so do you consider the current , 39334 , as a upward or merely a come up for a kiss before slow sag down to lower regions of the trendline?

Edited by OceanWalz, 04 October 2013 - 10:58 AM.

[Argento]

A..I have a low in today of 38800 on IG? with a retest of 39000 on monday

Yip, good support and also the 5H 89, should see a bounce from there, friday afternoon short covering might come into play as well!

 

But adding shorts as we go up...

 

A

[Redeemer]

ok, ok, bears...I'm joining you now. My INET feed shows all stocks in the Top40 are now in the red...so short it is...for that ride down to 38500...then we'll talk again! 

 

 

Yep....Next stop on the ALSI could be 50day MA @ 38500 on IG..My feeling is we might get there if the fiscal issue isnt resolved this weekend

[Beorn]

Of all the shares making up the top 40, only MTN is flat, the rest are all down.

This could get ugly!

[Redeemer]

when I grow up, I shall be like Goldman Sachs

 

Banks like Goldman Sachs don't loose trades because they have more capital.

 

They hedge positions. They sell the corrections while they keep their long open.

[Sunesis]

this long opportunity looks yummy

 

(only if I had those deep pockets)

Banks like Goldman Sachs don't loose trades because they have more capital.

 

They hedge positions. They sell the corrections while they keep their long open.

[Beorn]

I have a feeling this neckline is not going to hold.

But lets see.

I'll close my short if we head to 39500

 

Neck line broken.

I am going to add to my short if we go back to test the neckline.

[Argento]

Nobody knows the low. That's the beauty about trading.

Its all about risk taking abilities.

Phycology will play a big part, until the debt ceiling is resolved. The main point is that it will be resolved before S&P breaks below 1630.

As i said yesterday i will keep buying until we break and close below 1630 on S&P.

 

One of the characteristics a trader should have is absorbing pressure. Can you deal with stress.

Can you ignore the noise and trade what is obvious.

 

Obama will raise the debt ceiling. The FED wont taper soon. For now the market wants to get rid of all the weak links. Then continue higher.

Only the suckers will get left behind on this journey to QE infinity. Since 2009 they've been left behind.

 

Every correction they think its a crash.

Cool!

 

And well done on your profits too!

 

Just think this bull party is getting stretched and we are in for a good correction!

 

A

[Argento]

Charts:

FTSE: Hovering above its daily 200 moving average, if she goes through watch down below!

DOW: Broken her weekly 21 moving average and RSI resting on the 0 line, if that breaks watch down below!

ALSI: Resting on her 21 daily, if that goes watch down below!

 

We are indeed at an important inflection point..

 

A