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SunTrader

Market Wizard
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Everything posted by SunTrader

  1. SunTrader
    What part of this don't you understand: "But the smart economical move but not political one is to cut Greece loose". The easy part is keeping them in - which is what they chose. Also we don't need to get into a pissing contest Euro vs Dollar. Until the day the dollar is no longer the world's reserve currency and what the overwhelming majority of trade is denominated in then we can talk.
  2. SunTrader
    Don't know (or care) what the response was but "I don't care who ya are, that's funny right there" :o
  3. SunTrader
    Lesser of two evils for sure. But the smart economical move but not political one is to cut Greece loose.
  4. SunTrader
    Note: 3rd chart is mistakenly labeled EURUSD and not EURJPY.
  5. SunTrader
    Oh yea. But go to Vegas instead. Throw enough down on the tables to get "comp'd" a steak dinner and you will be way ahead of the game.
  6. SunTrader
    I'd say more likely a 1959 Ford Edsel up on blocks.
  7. SunTrader
    NFP = Non Farm Payroll, just another name/acronym for the monthly U.S. Dept. of Labor payroll report. Any decent internet search engine should be able to tell you that. Google, yahoo etc. But forget Microsoft's Bing. Because Bing stands for But Its Not Google. Just kidding.
  8. SunTrader
    Yes with each dollar lower we are getting closer to a bottom. How close is anyone's best (or many times worst) guess.
  9. SunTrader
    Under the Bloomberg article title Leaked! Proceedings of the Flat Earth Society Number 10 of 12 Nothing Is Safer Than Gold What could possibly go wrong with the price of gold? Never mind that its value is arbitrary, not based on any inherent utility, and fluctuates with the whims and fears of the investing public. The price of gold more than doubled during the global economic turmoil of the last five years, as investors sought security in one of the oldest inflation-protected investments. It’s true that gold prices tend to rise during uncertainty, but it’s only true while people believe it’s true; the price has fallen by a third in the past 12 months. Even though investments in canned fruits and vegetables have proven to be a pretty good hedge against inflation, as shown in this chart, the Flat Earth Society recommends continuing to stockpile gold. If society breaks down and currencies become worthless, the shininess of your gold will distract you from the can of fruit cocktail you wish you’d bought instead. http://www.bloomberg.com/slideshow/2013-07-03/flat-earth-society-s-2013-agenda.html#slide10
  10. SunTrader
    Perma bulls just can't understand why someone would sell or sell short their Precious Metal. A hedge against inflation in a deflationary world is not a smart move. Plain and simple. :doh: More and more likely $1000 price barrier will give way.
  11. SunTrader
    Patience, patience. $1208 Dead Cat Bounce is over with.
  12. SunTrader
    IMO the surprise would be if it held, not the other way around.
  13. SunTrader
    Fat lady sang June 19th. Only thing to hear tomorrow is whether we will have triple bottom with April and May lows or if 1.28xx, 1.27xx, 1.26xx are coming soon.
  14. SunTrader
    Two words that don't apply when describing trading: Always and Never.
  15. SunTrader
    You shouldn't have such low standards.
  16. SunTrader
    Think market has spoken already with 100 pip drop.
  17. SunTrader
    True genius resides ............ on a different thread than this. :doh: But didn't believe the day would come when I would actually understand and agree with much of what zdo has posted.
  18. SunTrader
    Just came across this site: https://www.tradingview.com/e/?symbol=BTCUSD
  19. SunTrader
    So how is this pertinent to the topic? Meantime: Exclusive: Greece has three days to deliver or face consequences - EU officials Exclusive: Greece has three days to deliver or face consequences - EU officials
  20. SunTrader
    Flip a coin. Dollar since bit is digital. Otherwise there are numerous sites. Google them .
  21. SunTrader
    Few too many words in that line. Anytime you know something, by definition you know you know it. D. Rumsfeld Known knowns, known unknowns, unknown unknowns. Ya know!
  22. SunTrader
    Don't have time right now to go further into it but when I don't know something I google it: Bear Market Definition | Investopedia Definition of 'Bear Market' A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. Although figures can vary, for many, a downturn of 20\% or more in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over at least a two-month period, is considered an entry into a bear market.
  23. SunTrader
    Well price can go up to infinity, but it can only go down to 0. Do the math. $1200 minus another $700 equals panic for a lot of folks. Much more than we have seen already. But keep in mind trend is determined by the timeframe you trade. If you have been in a trade since Gold was $35/oz good for you. If not it is not relevant. Take a look at chart from when the most recent bull market - started Oct'08 and ended Sept'11 - and you plainly see it has retraced 61.8% of the move or more than 35% overall off the high price. Bear markets are anything more than 20%. Perma bulls always have a hard time accepting reality. That is why this downtrend has been so brutal and sustainable.
  24. SunTrader
    Dropping $700 is a pause or correction?
  25. SunTrader
    [ame=http://www.youtube.com/watch?v=We-xxv2eOdg]Thomas DeMark: Trend Lines - YouTube[/ame]
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