Chariot Share Discussion Threads

[andonis] 05/2/2012 10:13

CHAR could go to 147 or higher if markets keep going up. Although it looks like H&S it needs to come way down to confirm. So Up is the way for now.

[andonis] 05/2/2012 09:44

Dow to reach 13107

[cherisher] 04/2/2012 22:37

andonis,

Char is now at the resistance point of 128p you mentioned a few weeks ago.
What do you make of the chart now?

Thank you

[andonis] 04/2/2012 20:20

Smirfy you owe me a drink........I guess you are bear squeezed. I also think you may not get a better time slot Monday to close your shorts but the window between 11 and 11:30 am. (Unless you are OK to hold for a week with margin)

[andonis] 04/2/2012 20:19

The red line Smirthy will be revisited...

[andonis] 04/2/2012 20:18

smirfy 5900 is a resistance level and a small pullback is due. Small I mean lucky to get 50 points. this is heading to 6k fast. Next week I expect it to be a high week. (If I am right)

[guyswonga74] 02/2/2012 17:47

Hi Adonis, thanks for your FRR tip, can you relook at UEN again please? will it go above 12p?

[andonis] 02/2/2012 07:07

This level is top level as far as I can see. It looks like 5th wave extension and in a few days it should go to lower lows.

[andonis] 01/2/2012 21:30

Short the ftse

[andonis] 01/2/2012 21:11

Been shorting the Euro all day great trading day.

[andonis] 31/1/2012 19:12

Sorry Chest, cannot find exact date...

[chestnuts] 31/1/2012 17:48

Hi Anthony
Thanks for 1932 info but i do need it for the yr 1826, could you ask in the universaty because i cant seem to find any info regarding the exact date.
thanks in advance

[andonis] 31/1/2012 17:40

Nice bounce on the circle....

[andonis] 31/1/2012 16:08

I expect to reach 12453 at least on Monday.

[andonis] 31/1/2012 11:46

Hi Chest
1932
In March 1932, the Venizelos government entered negotiations with the League of Nations' Financial Committee about obtaining a new loan, which would allow it to maintain monetary stability and to service the country's public debt. As a condition for agreeing to this loan, the League of Nations demanded an important reduction in public expenditure, with measures such as the firing of civil servants, the reduction of wages by 20%, the merging of schools and an increase of taxes. These terms were rejected by the Venizelos government (and in particular by the Finance Minister, G. Maris) and so, in April of the same year, the League of Nations refused to grant a new loan (Mazower, 1991). On April 26, On April 26, the drachma was taken off the gold exchange standard and the currency's stabilisation was released, while a strong legal framework was set up for the protection of the national currency.1
1 See C. Brégianni, Nεοελλη 57;ικό; Νόμισμ^5;. Κράτος και ιδεολο^7;ία από την Επανάσ`4;αση έως το Μεσοπό_5;εμο Modern Greek Coinage. State and Ideology from the Greek Revolution to the Interwar Period], Athens, Academy of Athens/Center for the Study of Modern Greek History, 2011, p. 294-300. For the legal framework see Act 5.422, On the Deferment of the Bank of Greece's Obligation to Exchange Banknotes and on Regulations on Currency Exchanges, Official Gazette No.133, 26 April 1932; Decree of May 5, 1932, "On the Temporary Adjustment of Public Debt"; Decree "On the Exchange to Drachmas of Debts in Foreign Currency or Exchange", Official Gazette No.244, 29 July 1932. Greece legislatively abandoned the gold-exchange standard, while the national currency returned to a regime of obligatory circulation. The drachma was sharply devalued, so that in early 1933 the British pound reached 628 drachmas.On May 5, 1932, theGreek State declared a moratorium on the country's public debt, while in July the forced conversion into drachmas of loans contracted in foreign currencies was imposed by law