Chariot Share Discussion Threads

[andonis] 08/8/2009 08:35

Long term this wants to rise badly....but this is long term...

[andonis] 08/8/2009 08:24

PS> I dont have 4 hour selection :(

[andonis] 08/8/2009 08:23

Clearly it is getting ready to move up with this wave. If so then you know the levels to expect.

[andonis] 08/8/2009 08:10

Erik, therefore strong resistance levels are: 97,9817 100,8819 105,2351 110,7745 123,7279
And the ambition is to go to those levels shown on the Fibonacci of the following chart....

[andonis] 08/8/2009 08:02

Erik, and it is strong resistance as I see at least 2 Fib retraces coinciding...

[andonis] 08/8/2009 07:56

Erik, first things first...where r you now?......sitting on resistance level...could come back a little....

[andonis] 08/8/2009 06:30

21 days rise, a chance for a pullback....

[andonis] 07/8/2009 18:49

The Dow is likely to reach a high of 9460 or near enuf

[andonis] 07/8/2009 16:50

erik mate, had a quick look and its heading north...but let me see it more carefully. It looks bullish to me...going to 100k

[eriktherock] 07/8/2009 16:47

No mate. I'm fully invested on all three breakouts. target 98.837 Have a good w/e

[andonis] 07/8/2009 16:44

busy trading right noe Erik I am not good enuf with multiplexing jobs ...promise tonite will do it...is it urgent?

[eriktherock] 07/8/2009 16:43

Yeah 9435 near enough. Good call/ta mate. Have a look @ USD/JPY weekly Daily & 4 hourly if ever you have a quiet moment.

[andonis] 07/8/2009 15:54

post 1029 was true in the end...

[andonis] 07/8/2009 12:25

THEJAG: I used to have a lovely white XJ6 old model. A dream to drive. But hey expensive. Double tanks on the back wings, you select which one to suck petrol from, and you see the needle dropping! Hope you have one!

Well hope you winn good! For me too.... stick around!

[thejag] 07/8/2009 11:47

Lots of buying going on now and nice rise in price. Maybe I'll make back the money I lost on this.

[andonis] 07/8/2009 05:56

The Fed also bought another big old pile of Agency Debt today.

Thu 8/6/2009 3:07 PM

New York Fed purchases $19.2 billion net ($19.2 billion gross) in agency mortgage-backed securities

You know, because things are looking so good.

That makes today your average, regular $26.2 billion dollar day of thin-air money injection ($7 + $ 19.2). To put this in context, today's fresh money operation, alone, would have been 88th on the list of yearly total output on the world GDP listing.
Why bother running a whole country when you can just print up an entire GDP in a single day? Sooner or later folks are going to lose the subtle connection between dollars and sense.............cmartenson

[andonis] 07/8/2009 05:13

From another fred....

FlatEric - 6 Aug'09 - 17:01 - 63308 of 63312

I just got sent this again...


For those that like to think that sometimes history does in fact repeat.....

In 1929 - the rally in the Dow Industrials from low to high LASTED 107 TRADING DAYS exactly.
In 2009 - the rally from the March low to right now...has LASTED 107 TRADING DAYS..exactly.

A comparison % wise of 1929 rally vs 2009 rally is not perfect but very close.

Is 107 unlucky for bulls?... we shall see. But very interesting.

[andonis] 06/8/2009 21:13

Well I dont like what I see but this does not mean it should not be said.
There is a sharp rise missing, which did not come today but it could come soon. It is the last rise which has the 'e' wave and closing the 5th wave up. This brings it to 9435 if all goes to their plan. At least a failed 'e' wave I expect to see..... Lets hope I am wrong....

[andonis] 06/8/2009 18:50

erik....I think the process may have started......

[eriktherock] 06/8/2009 18:00

High & Tight Flag pattern just about played out on EUR/GBP today, target is 85.58 (A=8460 B=8458 =88 div 50%=44 + c=8512 = 8556 nr hod)

[andonis] 06/8/2009 17:49

YES it will be imo today or tonight.....Lets see if my time is nearly ok

[eriktherock] 06/8/2009 17:24

As evidenced from your chart above, we could have a 'Wedge Rising' as we've seen three kisses on upper & lower trendlines. I favour a break to the downside but am flat.