Archive through June 11, 2005

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archer

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Post Number: 652
Registered: 11-2002

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Friday, May 13, 2005 - 01:30 pm:

Vermante
Did you also know in the U.S there has never been a down year when the year ends with a 5 eg-1965,1975,1985,1995
Regardless of the U.S i think ours is headed for 3500 min
Thats been my target from the start
If the correction in commods goes as planned most of my
money will be in this market shortly
Just as gold led the commods down i expect it will lead them
up also-That will be the signal to start entering resource
stocks again for me
---Archer---

justice

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Post Number: 356
Registered: 01-2003

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Friday, May 13, 2005 - 01:41 pm:

Will the LT TL hold? I don't know.
At this point I would doubt it.

Is it likely to follow the USD North?
I would think not.

When will US fiat money fail?
Not soon enough.

As FX is an unregulated market I would safely say - short AUD/USD GBP/USD EUR/USD rallies.

Normal stocks will go where the emotions go.
Frankly I was expecting a DJIA rally into the 25th of the month before heading South again in earnest, but the wind does really call the tune.
XAO will follow the DOW IMO.

I tend to agree with archer's ST targets for the XAO XJO

weekly gold

... out there somewhere ...

captain_chaza

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Post Number: 1192
Registered: 02-2003

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Votes: 0


Friday, May 13, 2005 - 03:46 pm:

Ahoy There Officer COOL as ICE

Welcome back from the FX

I agree with you
I don't think Gold will hold
I said somewhere 'It Looks like a Tech lead recovery"
I may have been right for a change
Notice how only the Nasdaq kept its own last night

I am only holding the CPU and IRE so far!
Looking for a couple more Aussie Tech Sails which may move in Sympathy or Symphony

Got any good ideas?

Bon voyage and God's speed

Captain Chaza
capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

hilarius

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Post Number: 749
Registered: 04-2004

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Friday, May 13, 2005 - 04:00 pm:

Captain

Could I encourage you to paint all your wooden surfaces green ... with Wattyl of course

The market needs all the help it can get

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

archer

Member

Post Number: 653
Registered: 11-2002

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Friday, May 13, 2005 - 04:08 pm:

How about a big group buy????{;->

justice

Member

Post Number: 357
Registered: 01-2003

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Votes: 0


Friday, May 13, 2005 - 04:12 pm:

Ahoy Skipper of the Cruel Sea,

I have no ~rational~ suggestions regarding stock picks - Helmsman archer who is less cruel has a good plan regarding the commodities and I hope it pans out too - but I'm just watching, dreaming in BIO-Techs.
I believe in PSD and EPT: but has their time yet come, well... your charting tool's as good as any; what say you?
Worth just watching and waiting until the Red dries firmly enough to skate on I say...
no plans to re-enter stocks at this time - perhaps next (fin) year or a true XAO bottom.
As it is, FX is plain sailing enough for me.
I don't have a stomach for surprises ATM.

Salute.

... out there somewhere ...

captain_chaza

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Post Number: 1193
Registered: 02-2003

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Votes: 0


Friday, May 13, 2005 - 05:42 pm:

Ahoy Helmsman/Officer Archie

OK! Sounds like a good idea to me

YOU pick the stock and WE will ALL follow!

I think it's time for a new Cocktail I just invented for the Cafe while we wait for the Tea-bags to play catch-up with the "Yanks" and us "Diggers"

"One third Rum and
THEN add two thirds Rum"

capn

PS Sea-Cadet-Officer/Fr Hilarius
I don't really know about Green?
I think I am a BEIGE person?
Probably a bye-product of living with women for too long?

rederob

Member

Post Number: 814
Registered: 10-2002

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Votes: 0


Friday, May 13, 2005 - 05:50 pm:

ahoy
gold price froze
hit ice berg
then 2 more
lands me in the drink
must have been a bundaberg
rum thing
aaah
salute

justice

Member

Post Number: 358
Registered: 01-2003

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Friday, May 13, 2005 - 09:47 pm:

For the very astute shore term traders:
Downside impulse is tired out for now in the above three sister currency pairs. Take profits and wait at least a couple of hours to see which way the wind blows and at what velocity. Or just get some sleep.

All that glitters.

... out there somewhere ...

rederob

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Post Number: 818
Registered: 10-2002

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Votes: 0


Friday, May 13, 2005 - 10:50 pm:

justice
good call
now add my penny worth
gold to rise hereonin
closing over $430 next week
night all

justice

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Post Number: 359
Registered: 01-2003

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Friday, May 13, 2005 - 11:22 pm:

rr,
We have such penchant for making a brief directional observation sound so permanent - do we not, eh?
I guess it's the awareness of almost a given certainty in our mind.
USD doesn't look like it's about to stall so it's USD and Gold hand in hand into the M1 M2 M3.

I know it's happened before but I'll believe it better when I see it real-time. :-)

... out there somewhere ...

goldbug

Member

Post Number: 180
Registered: 02-2004

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Votes: 0


Saturday, May 14, 2005 - 12:37 pm:

Justice,

Just a question with the POG chart you posted previously.
I see you've used a log chart....

When drawing trend lines i tend to use linear.
I know there has been discussion on this subject before but is this personal preference or is there an advantage using log.

If we use linear i see that the trend line at present is at $415.

Regards

GB

captain_chaza

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Post Number: 1196
Registered: 02-2003

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Votes: 0


Saturday, May 14, 2005 - 01:37 pm:

Ahoy Offocer Goldbugs

If you both ignore the intra-day panic sales at the pivot points and put more weight on the close you'll probably see the breakdown @ $425

I also use the Log Scale

In planning a cruise and plotting a course NE a 1% move at the beginning of the journey is very different than a 1% move at the end
Eg 1% move @ say $300 = $3
1% move @ say $450 = $4.5
As you can see the difference is $1.5

Linear scale can sometimes prove to be quite disastrous if you are getting very low on supplies and far out of sight of land

You may well be sailing NE E and not the intended TRUE NE'ly course
It can also do very funny things to your momentum based instruments

I hope Officer Cool as ICE has a better explanation?

Salute for now

capn

goldbug

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Post Number: 181
Registered: 02-2004

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Saturday, May 14, 2005 - 03:16 pm:

Thanks Captain..

I found the Linear / log debate here:
http://forum.incrediblecharts.com/messages/10/155850.html
All the big guns here...

Looks like its a personal preference THING...

Regards

Gb

justice

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Post Number: 360
Registered: 01-2003

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Saturday, May 14, 2005 - 05:51 pm: