Chariot Share Discussion Threads

[andonis] 24/3/2010 21:34

This is the possible location of the 29/30th quake.

[gurunostradamus] 24/3/2010 18:49

...big sell-off just round the corner...possibly only another mooncycle away...

[wookie77] 24/3/2010 18:43

guys when are we going to get "the big sell off"?!! Been short a couple of times and keep getting burnt! About to sack in shorting altogether, which is usually a sign that we're getting close! Any ideas. Im currently short ftse.

[andonis] 24/3/2010 09:29

We have sun square to Pluto on March 25. If that too coincides with rising equity prices, then I think it is quite possible this bull market could soar another 20+% by August.

[andonis] 24/3/2010 07:50

My old chart with prediction and actual price. Lots of cycles closed and rising to finish unfinished business. It will drop.

[andonis] 24/3/2010 07:28

At these levels one should be short!

[andonis] 24/3/2010 06:44

technical of course. I do not do ANY fundamentals.

[schlemiel] 24/3/2010 06:41

andonis

is that prediction based on technical analysis or fundamental analysis?

regards

[andonis] 24/3/2010 06:23

October 2012 ish FTSE down to 4000 prediction........ take note

[andonis] 24/3/2010 06:04

free stock charts from www.advfn.com


free stock charts from www.advfn.com

[andonis] 24/3/2010 05:57

free stock charts from www.advfn.com

[andonis] 24/3/2010 05:26

Money Out Of Thin Air: Now Federal Reserve Chairman Ben Bernanke Wants To Eliminate Reserve Requirements Completely?

Up until now, the United States has operated under a "fractional reserve" banking system. Banks have always been required to keep a small fraction of the money deposited with them for a reserve, but were allowed to loan out the rest. But now it turns out that Federal Reserve Chairman Ben Bernanke wants to completely eliminate minimum reserve requirements, which he says "impose costs and distortions on the banking system". At least that is what a footnote to his testimony before the U.S. House of Representatives Committee on Financial Services on February 10th says. So is Bernanke actually proposing that banks should be allowed to have no reserves at all?

That simply does not make any sense. But it is right there in black and white on the Federal Reserve's own website....

The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of minimum reserve requirements, which impose costs and distortions on the banking system.

If there were no minimum reserve requirements, what kind of chaos would that lead to in our financial system? Not that we are operating with sound money now, but is the solution to have no restrictions at all? Of course not.

What in the world is Bernanke thinking?

But of course he is Time Magazine's "Person Of The Year", so shouldn't we all just shut up and trust his expertise?

Hardly.

The truth is that Bernanke is making a mess of the U.S. financial system.

Fortunately there are a few members of Congress that realize this. One of them is Republican Congressman Ron Paul from Texas. He has created a firestorm by introducing legislation that would subject the Federal Reserve to a comprehensive audit for the first time since it was created. Ron Paul understands that creating money out of thin air is only going to create massive problems. The following is an excerpt from Ron Paul's remarks to Federal Reserve Chairman Ben Bernanke at a recent Congressional hearing....

"The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn't work, quadrupling it won't work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile."

The truth is that the financial system that we have created makes inflation inevitable. The U.S. dollar has lost more than 95 percent of the value that it had when the Federal Reserve was created. During this decade the value of the dollar will decline a whole lot more.

That doesn't sound like a very good investment.

But that is what happens when you give bankers power to make money up out of thin air.

And things are only going to get worse.

Especially if Bernanke gets his way and reserve requirements are eliminated entirely.

The U.S. economy is a giant mess already, and we have got a guy at the controls who simply does not have a clue.

It's going to be a rough ride.

[navyan] 23/3/2010 22:44

agreed Ando. 99p .618Fib will be the resistance. Also note the Fib 2.618 projection and TD Sell setup have both given strong sell signal at the last peak 82.5p. I will buy some back at 56.5p and this time will hold it until 99P!!

[andonis] 23/3/2010 22:08

Char will hit £1 is my prediction ....eventually after turning up again.

[navyan] 23/3/2010 12:20

no it isnt anymore, as I sold it too early!

[andonis] 23/3/2010 12:11

char is navs favourite

[rossef2] 22/3/2010 22:39

So what do the chartists think the next move for Chariot will be?

[andonis] 22/3/2010 20:39

nav I guess some people think little of my charts... ;-)

[navyan] 22/3/2010 20:26

see these people come and goes, drop a line or two just to laugh at your charts, saying this bit is not right, that part is wrong. and yet strangly they have never posted any of their own charts, I wonder why...

[andonis] 22/3/2010 19:50

Hello Guru, give us some non linear lines...circles are not linear.