We had a chance in 2007. But the government bailed them out of their greed and it is still costing us.
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350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
We had a chance in 2007. But the government bailed them out of their greed and it is still costing us.
350zCommTech
Well-known member
My charts says to stay in.
$TRAN breaking through the 20dma = bullish.
View attachment 9387
$DAX is also breaking through the 20dma = bullish.
View attachment 9388
The Euro is making some kind of a bottom. Might just be short term as the PIIGS are full of debt. But for now, the Euro is oversold and will try to rise. If it does, lookout above(for the I fund).
View attachment 9389
$TRAN breaking through the 20dma = bullish.
View attachment 9387
$DAX is also breaking through the 20dma = bullish.
View attachment 9388
The Euro is making some kind of a bottom. Might just be short term as the PIIGS are full of debt. But for now, the Euro is oversold and will try to rise. If it does, lookout above(for the I fund).
View attachment 9389
sdouglas3
Member
350,
I see you went 100% into the I-Fund yesterday. Do you think the markets are fixing to take off? If the dollar gets weaker then the markets should run?
Thanks,
Steve
350zCommTech
Well-known member
Yes. The key is the Euro. If it just goes sideways, working off oversold levels, then I would have bail. We should know for sure in a 3-4 days.
fedgolfer
Well-known member
$tnx intraday has been moving in tadem w/ the markets since the recent bottom. More a treasury carriage then a $/Euro manipulaiton, maybe? What's your take?
http://finance.yahoo.com/q/ta?s=^TNX+Basic+Tech.+Analysis&t=5d
The power of Fed/Treasury leverage?
http://finance.yahoo.com/q/ta?t=5d&s=^TNX&l=on&z=m&q=l&c=^gspc
350zCommTech
Well-known member
$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.
Frixxxx
Moderator
I'm long on Euro right now for hedging. I C 1.28 a resistent level for it......:nuts:$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.
350zCommTech
Well-known member
The I fund can't seem to get out of the dog house. Perhaps tonight Japan will start it off with a bang as they are due for a big rally.
View attachment 9395
View attachment 9395
nnuut
Moderator | TSP Legend
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!
fedgolfer
Well-known member
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!
... more like a case of which one is less bad!
I'm seeing funny moves (like that late day bifurcation on Friday, and yesterday's late day mini-pullback) in the $TNX which is making me think there's something deeper. Instead of a currency carriage trade, that leads to a run in commodities (inflation), these central banks have realized treasury carriages are less likely to hyper inflate, make people buy equities, etc.
Can't go on forever though!
mayday
Active member
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!
I think it's a precursor to a Fed rate hike.
nnuut
Moderator | TSP Legend
It's coming, when I don't know but it will be interesting.
mayday
Active member
It's coming, when I don't know but it will be interesting.
Maybe sooner rather than later. The conditions are right.
mayday
Active member
It's coming, when I don't know but it will be interesting.
The Fed chairman speaks tomorrow with the Philly Fed at 12:30
fedgolfer
Well-known member
If it doesn't happen tomorrow (doubt it)... it won't happen until after Nov elections. Would you tank the momentum if you were the puppet master? just my opinion and throwing WAGs out.
mayday
Active member
I'm just saying if it does happen the I-fund would be the place to be invested.
mayday
Active member
Initially the shock would cause a drop in equities. While also causing the dollar to fall setting up a very good opportunity for the I-fund.
350zCommTech
Well-known member
I agree with fedgolfer. No interest hike for a while. The economy hasn't really recovered. It's been all lies. Just look at state sales tax collection.
Look at Japan, they've been at practically 0% for what? 2 decades?
Look at Japan, they've been at practically 0% for what? 2 decades?
