Best Of The Best Share Discussion Threads

[traderabc] 11/7/2011 18:51

3 trillion just aint enough to fix the problems.


They're buying power and influence, whether they save Europe or not is another matter, Rogers quantified his statement with an 'if'.
Careful are you really saying Rogers is a b/s merchant? If so historical fact (so far) has proven your claim completely wrong. As for the future we will see, will we not?

[careful] 11/7/2011 17:23

3 trillion us dollars total chinese reserves does not sound much.
us economy 15 trillion per annum = 75 trillion over 5 years.
europe combined even greater.

i sometimes think that these b/s merchants are innumerate.
3 trillion just aint enough to fix the problems.

[traderabc] 11/7/2011 17:08

Sunday, July 10, 2011
Jim Rogers on 21st Century China

Jim Rogers : ...if they (China ) become the savior then they will have a major seat at the table it is going to improve their position at the IMF it is going to improve their position with the World Bank it is going to improve their position at the UN , the Europeans are going to have to be more and more friendly to China because China is saving them , America cannot save them Russia cannot save them so ...Europe is going to be more China friendly than it has been in the past , they are going to the European and they say OK let's be friendly we are giving you all this money we are bailing you out you be now friendly and supporting to us , instead of listening to Washington too much you call us first and if we want more representation at international bodies such as the World Bank then you should listen to our candidate , Chinese have a huge international reserves they are the largest creditor nation in the world they have about three trillion US Dollars in various currencies , Internally yes they have had too much inflation and they are trying to cool that inflation off , but externally their international situation they got lots of liquidity and they can do whatever they want " - in Goldseek Radio


Poor sound quality, same as the text above.

[traderabc] 11/7/2011 12:51

Sunday, July 10, 2011
Geithner: "[For A Lot of People] It's Going to Feel Very Hard, Harder than Anything They've Experienced in Their Lifetime Now, For a Long Time to Come"

[traderabc] 11/7/2011 11:12

Steve talks a lot of sense, not the usual consensus BS, so probably the truth or something close to it.

[OTE113] On the Edge with Steve Keen

[traderabc] 11/7/2011 11:09

Record one in six Americans now on food stamps as depression escalates


Record 44.7 Million People Celebrate Geithner's Departure And The End Of QE2 Through Foodstamps

Submitted by Tyler Durden on 07/01/2011 09:29 -0400


The one and only clearest indication of just how effective the recovery and QE2 in general has been, comes courtesy of the USDA, whose just released update of April participation in Supplemental Nutrition Assistance Program (SNAP), better known as "foodstamps", shows yet another record, this time 44.647 million people, an increase from May's 44.587 million. And after rising modestly in the last month, the average monthly benefit per household dropped again to a post April 2009 revision low of $282.38/month.

[navyan] 09/7/2011 14:51

that was a great run trader. well done.

[049balt] 09/7/2011 13:46

Just back from the cattle mart, prices are up 100 euro in the last two weeks.

[traderabc] 09/7/2011 13:22

Thanks again navyan, the above post I do understand. Sadly I no longer hold this, but I have owned it profitably a few times in the last 7 years,
I'm looking to buy in again, but not up here. I'm kind of hopping it will fail to break through so I can buy the retrenchment.

[navyan] 09/7/2011 13:03

dont worry about it trader. it takes time to learn EWP. in short, next week if the price come down to 644 or 638 level and bounce from there strongly then refer to chart in post 2833.

If next two weeks price keep going up no looking back and make new high, then refer to post 2830.

if price drop straight down and break below 580, then all of these is wrong and wave counts need to be reassessed.

whats your target price anyway, i have a feeling you are a holder of this stock :)

[traderabc] 09/7/2011 12:40

To be honest I'm really struggling to understand this stuff. Please correct me when I go wrong, wave 1 on Jan 09? Wave 2 around March 09? Wave 3 March 10? Wave 4 Sep 10?, wave 5 Oct 10?

But these numbers then make no sense because instead of starting again with a wave 1 after the wave 5 in Oct 10 we are looking to see if we are in wave 4 presently, ahhh!!

The letters ie a b c, these are 'wave counts'? I just can't work out how you can tell the difference between them and the 1 to 5 waves.

In fact this elliot wave stuff does my head in! I'm struggling to see the difference between primary waves and the a b c d sub waves.

I'm reluctant to waste any more of your time trying to explain this stuff to me because you have tried before and it just isn't getting through .
Please be in no doubt that this is my failing, and not your patient explanations.
Perhaps you could recommend a youtube vid, ideally one that has those helpful words "for dummies" in the title ;)

Damn, they don't have anything

[navyan] 09/7/2011 12:09

OR, if the 4th wave still being formed. then I see this is more likely actually.

p.s. if the price breaks below the blue line from here on the last chart, then all of the wave count need to be reassessed.

[navyan] 09/7/2011 11:52

as analyst we are guessing the most likely wave count until proved wrong by the price.

so, we are guessing the wave 4 has already ended and we are in wave 5, but only when the price breaks the resistance 690 and we can be more confident that we are in wave 5. okay, assume we now reached 716 first target zone, then we looking for 5 waves structure from the end of wave 4(612p on the 20th of June). if you can count 5 waves then it is more likely 716 is the end of wave 5. But if you can only count say 2 waves, then we should expect higher price to print. and when price reached 780 the second target zone, count again how many waves it has been since end of wave 4, if you see five wave structure. then the odds of wave 5 complete is very high, and you want to take the profit.

another way to look at it is, if you see price reach 716 or 780 or anywhere higher then 690 and then come back down and break below the blue line then you know we have see the 5th wave.

does it make sense?

[traderabc] 09/7/2011 11:35

Thanks navyan, so if I understand this correctly we're possibly in wave 5, it ought to break out above overhead resistance (690), if so it will find that resistance again at 716 where it might fail at that level (false breakout) or it will continue up to 780 (true breakout) and support would then move up to the 690 to 716 area?

Or have I totally failed to understand your post?

[navyan] 08/7/2011 19:57

traderabc. I dont know what this company does but, it is a pretty chart. I like the wave count it is to me a high confidence reading. only thing needs to be aware is that I am assuming the wave 4 has completed(which it might not have completed, but it needs to stay above the blue line), and we have already started the final leg, the 5th wave. if we have started the 5th wave, then it should end at 716 or 780 two possible target level. how to tell which one it is gonna be? have to wait for further price development, if you can count 5 waves up from the end of wave 4, 612p on the 20th of June 2011, you will then work out where the 5th wave will likely to end.

p.s. only when the price close above 690p when we know we are in the 5th wave.

[049balt] 08/7/2011 17:23

Armed guards protecting the millionaire farmers, now why does that bring a smile to my face!!

[traderabc] 08/7/2011 16:39

"no food at any price" sounds about right from where I am sitting!!!


Careful there balt, you're sounding a bit like a financier, just think in 10 years time you might be getting the great unwashed demonstrating outside your farm gate demanding lower prices! (;

[049balt] 08/7/2011 15:19

What is so wrong with food prices rising?, are farmers not entitled to earn a propper living?, they certainly deserve it!

"no food at any price" sounds about right from where I am sitting!!!

[traderabc] 08/7/2011 13:05

It's official, Sweden is one of the most forward thinking nations in Europe.


Sweden Is Planning To Teach Every Schoolchild Chinese In The Next 10 Years
Adam Taylor | Jul. 7, 2011, 5:01 PM



Sweden's education minister said Wednesday that all schoolchildren will be taught Chinese within 10 years, reports AFP.


If Jan Björklund's plan goes ahead, Sweden will be the first country in Europe to make Chinese compulsory.

[lbo] 08/7/2011 10:24

It seems the current remaining business cashflows are only being used to boost the marketing efforts and cash is still at 27p per share so looks a free bet IMHO

[traderabc] 08/7/2011 09:21

Gerald Celente

Thursday, July 7, 2011

[traderabc] 08/7/2011 08:25

Thursday, July 7, 2011
Jim Rogers : The stock market needs to have a rest , it doubled in two years thats not normal

Jim Rogers :...The US pouring money certainly has an effect lots and lots of money slashing around it got to g9 somewhere whether it goes in the stocks or bonds or currencies or commodities of course it got to go somewhere , so yeah it has a big effect , the problem with that scenario is everybody expects it to happen so usually something else happens because people are geared up expecting that to happen I would not be surprised if something happened , The stock market needs to have a rest you pointed it out it doubled in two years that's not normal - in Yahoo Finance

[traderabc] 08/7/2011 08:22

Thanks 049balt

[traderabc] 08/7/2011 08:21

I can see no harm in being prepared for the worst case scenario


Absolutely, being prepared is just common sense.