Sunday, November 21, 2010

It is a Beautiful Full Moon, and Euro increases on bailout news

From the land of WTF?
Ireland, after just days before, steadfastly denying it needs financial help, is forced to accept help.

Down below, please review the S&P 500, especially the Fib Fan from the Great Depression and the Big 61 Fibo, both now in play, both extremely bearish 

And the Euro overall up on that news.   Very odd.  Perhaps what they nicely refer to as an exhaustion top/spike.   Which basically means a last minute manipulation before the real direction is set.

NZD as a currency got hammered in Sunday action, against all others that I viewed.

I was snaked out of my copper short, and glad I had stop in place.   Somehow I got a decent fill on a gap up.   Again, with Eurozone blowing up I was surprised that USD down and copper up.

Went back in short copper at a higher price---based on the PRS kickdown shown in this blog last week.

Scanning the futures and FX, I really don't see anything "obvious".

Expiry was last Friday, and often the Monday after sees some serious moves as the market gets back to normal.

STRATEGY: set some orders to activate either long or short based upon a move.   For ES (S&P 500 futures) I will accept an 8 point move beyond the entry point as profit stop.   And a 1.25 point stop as a loss.  

I get alot of periodicals. This one called Assembly is hilarious. Upset Zombie Workers, on the production line.

And here it is, the Fib Fan from Great Depression


  1. Damn, that fib fan is looking all x-trendy. How crazy would that be?

    Thin that Euro pop may be a 'squeeze the early shorts and hit their stops' play.

  2. I do think that's the game on the Euro.
    You have to be a contrarian's contrarian to win in this market.

  3. You posted a comment on my (actually our as we have two co-hosts) blog. While our blog is based on history/politics, I do have a rudimentary understanding of economics. I actually understood almost all of your comment. Given I have never had any formal education in that area I think that's good. You mentioned the Euro rising as a last gasp before a big drop. Here is my reply:
    I understand economics, but this is generally a political blog. As far as your comment goes, I dont see any economic indicators that aren't bearish. If anything, shorting the US dollar and Euro -zone currencies may be the way to go. I am saying this from a political perspective since I believe those who are manipulating currencies here along with those doing the same in the 4th Reich (The EU) really want a "world currency" and the road to achieve it is to collapse the U.S. Dollar, the Euro, and possibly China's currency simultaneously. The Chinese economy may be (theoretically has to be) a bubble since 12% GDP growth is insanely unsustainable given all their trading partners will be bankrupt by Christmas if they are not already. The rule of thumb is anything over 8% growth is unsustainable so China better slow it down. The only thing preventing the U.S. Dollar from collapsing is ignorance on the part of many Americans and others overseas.

    I appreciate your comment on ALN as I have gone into basic economics from time to time. Unfortunately most of my readers don't even know that a "short" is. If I am right about the money manipulation (and I am), I would expect a quick last gasp in the domestic markets and if that is true, Gold and energy will hiccup before taking off. If shorting is your game, maybe those two are worth a shot.

    Thanks, Andrew33 (
    By the way, if you ever want to do any econo-political material, I will let you guest host at ALN. We do such things with experts in areas that affect our interests and economics most certainly does.

  4. Thanks for stopping by, I would like to do a guest post at some point.

    My main business is solar energy, and as such, I am pounding through the end of year bubble on tax credits capture. Will add your site to my blogroll as a way to broaden reading material.

    Fundamentals never matter, until they do.

  5. That's funny too, the amount of traffic from Xtrends site has like tripled in the last week. Bears alive again?


Insightful and Useful Comment!