EURUSD (weekly info)-no change (below mid)
trend=no
direction=down (2 bars)
low= 1.4058
rev= 1.4820; mid= 1.4460
Greece is back now that the IMF isn't talking about the next bailout for them. Greece might be put out to pasture. That means anything related to the euro is going along for the ride. Italy has banned short selling and wants to ignore credit rating agencies and let the banks police themselves. Now that you've stop laughing remember that's part of the reason why we're in this mess.
FT MIB (weekly info)new low 19049.88
trend=down
low= 19049.88
rev= 20117.49; mid= 19763.69
Truth be told, Italy hasn't been that strong since March 2009. It never reached the 38.2% retrace (27364.76) from the highs in June 2007. It barely could get past the 38.2% minor retrace (23644.58). It's below all SMA's. the weekly 3LB is trending down. The monthly 3LB reversal price is about to get tested. If that goes the 0.0% retrace from July 2009 is probably history.
I think this is about to get played again at all of the exchanges:
35 comments:
http://www.nytimes.com/2011/07/12/us/12drought.html?_r=1&hp
Drought Spreads Pain From Florida to Arizona
@Amen
Well if we learned anything... Wait until Unicredito hits 99 cents and then buy hand over fist... (assuming you have 2 hands to work with - you'd probably need a clothespin to hold your nose - as I try to imagine those histrionics)...
Anybody want a lighthouse?
http://news.yahoo.com/gsa-selling-lighthouses-215838326.html
I see 1550 for Au is still the line in the sand.
@AAIP
IPSU getting a nice bounce today
lower left to upper right....
http://worldblog.msnbc.msn.com/_news/2011/07/11/7062845-high-levels-of-radiation-turn-up-in-japanese-beef
High levels of radiation turn up in Japanese beef
Paint is almost dry...
After yesterday the bulls know they better show some resolve or the bears will feast on their carcasses. Just sayin'
More "made up" news stories about businesses leaving California.
http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm?iid=HP_LN&hpt=hp_t2
These people just don't "get" what's really going on in California...things are actually awesome there.
So the dude who caught derek jeter's 3,000th hit (and graciously gave it to Jeter, instead of trying to sell it on the open market - a $250,000 value)...
Well - the yanks 'gifted' him a $44,000 value package of free 'suite' tickets for the rest of the year, plus some memorabilia...
Now the IRS just slappe the dude with a $14,000 tax bill...
'We're from the government & we're here to help!'
CV
Ouch that's over 30%.
cv@11.29
Those are the kind of stories that warm my loins. Love it when the government immediately slaps someone with a bill like.
Can't believe that guy gave the ball back....
Ouch that's over 30%.
Welcome to my world without deductions.....
@Andy
Well, if that's the case... I wonder why we hear 'crickets' from the IRS about this woman (probably related to Peggy Jospeh) who is selling her Obama autograph...
http://www.nypost.com/p/pagesix/jennifer_cline_things_better_handwritten_DHxGcCyMoU9kVZ6XQIpyNJ
I covered this morning but ready to go short again, at the drop of a hat.
Feels like markets are waiting for yummy Eurofudge.
Speaking of that...
I have 1,500 Hank Paulson autographs...
I'll sell them to anyone who wants them for an ounce of pure gold...
I'll sell 10 of them for 5 $2 rolls of nickles...
Anyway...
That chump oughta just say he's Rupert Murdoch...
http://www.zerohedge.com/article/over-past-4-years-news-corp-generated-104-billion-profits-and-received-48-billion-taxes-irs
That way, the IRS might be sending HIM about $16 large semolians...
Ron Paul not running for Congress...
http://www.msnbc.msn.com/id/43727803?GT1=43001
Jetpacks bitchez! (well kinda)
http://www.msnbc.msn.com/id/21134540/vp/43719151#43719151
McB,
http://finviz.com/quote.ashx?t=IPSU
up ~10% ..
like I was saying, ~"I could see that one being 'taken out'" ...
AAIP
Au 1550 is no more. Onwards and upwards.
Moody's downgrades Ireland to junk.
Moody's
always out in front
ben22
I know. I know.
Looking like the bears have figured out how to close the game. Bulls have their worked cut out.
@AAIP (2:19)
Good call...If I had made that post, there'd be two dudes in dark suits and raybans knocking on my door about now.
yeah, to be fair, I'm the one long IPSU
come on bitchez
now watch CSII break hard from the handle of the C&H pattern.....
I'd also not fade AT's proposed count....I don't think it's dead, I think it's dead ON.
Mc22,
I hear ya, on "the Dudez + Raybans" -- can't allow, too much, Capital build up -- among the _____/______ ..
though, see some of this 'honeypot'..
FTC Hart-Scott-Rodino Premerger Notification System
"The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Premerger notification involves completing an HSR Form, also called a “Notification and Report Form for Certain Mergers and Acquisitions,” with information about each company’s business. The parties may not close their deal until the waiting period outlined in the HSR Act has passed, or the government has granted early termination of the waiting period. For more information about the program, read our Introductory Guides. The FTC administers the premerger notification program, and the staff of the Premerger Notification Office is available to answer questions about how and when to file."
Permanent Link Topic(s): E-Government, Government Documents, Legal Research, Legislation
http://www.bespacific.com/
funny, yes?, that "Insider Trading" doesn't apply to Congress"people", ____ , certain ________, and related 'entities' ..
AAIP
@AAIP
hadn't someone pulled a record of congress folks trading records since Jan 08? maybe I'm making that up in my mind but as I recall many of them had done quite well on individual names they just happened to trade around at very crucial time intervals. Coincidence? Well, personal I'm not a buyer of coincidence in anything but here in particular, I laugh at the idea.
Insider trading is a real tough thing as it's not always so black and white so I suppose it's an easy area to insert some rules like that
only some small fry like myself would ever really get in much trouble for it....but what else is new
Dylan rocked the wayfarer's though. so they aren't all bad
IPSU
Please don't tell me that's a Penn St. thing!
Insider trading is a real tough thing as it's not always so black and white so I suppose it's an easy area to insert some rules like that
As always, with politicians, it depends on what the definition of the word "is" is...
CV
I think MOO would be more PSU than IPSU
Sorry ben,
Gonna have to get you to run some shekels for me one of these days;-)
Mel,
it's all good, but my package demands more respect....j/k
I'd try to give a high probability set up for tomorrow but I have no clue what is going to happen, I just think it will be a big day tomorrow
Sorry...but I'm not going anywhere near your package.
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