I see this as confirmation on the FP you show above. From here the 86.47 is abouot a 9.3% jump on the USD index (right now just above 79). UUP going from 22.13 to 25.02 is about a 7.6% jump.
In my opinon, I view this as confirmation we will see a period of deflation coming up. Depending on how much deflation, we could possibly see the 935 gold FP. After we hit the 137 SPY FP first.
If we hit the 137, but not the 138.86, that could potentially screw with my strategy.
2 trillion in bush tax cuts. what happened? soon after that, the banks
had to find 2 trillion in new customers. they lost the bush clients!!!
what did they do? They started lending to sub-prime people.
to sell
it, they had to wrap the loans in exotic instruments and hedge them like
crazy, because they knew by previous statistics, nearly none of these
new loans would be paid back.
what happened? CRASH OF 2007, right
before bush left office. what’s happened since the crash? EVERYBODY is
afraid to spend or borrow anything.
solution. tax the heck out of
those that got that 2 trillion in cuts. they will be so pissed, they’ll
go and borrow money (prime lending), beat the market, break even on
after taxes, economy gets going again.
I see this as confirmation on the FP you show above. From here the 86.47 is abouot a 9.3% jump on the USD index (right now just above 79). UUP going from 22.13 to 25.02 is about a 7.6% jump.
In my opinon, I view this as confirmation we will see a period of deflation coming up. Depending on how much deflation, we could possibly see the 935 gold FP. After we hit the 137 SPY FP first.
If we hit the 137, but not the 138.86, that could potentially screw with my strategy.
Gold Support and resistance:
http://niftychartsandpatterns.blogspot.in/2012/02/gold-support-and-resistance-levels_21.html
Crude oil update:
http://niftychartsandpatterns.blogspot.in/2012/02/crude-oil-update.html
Get a screen shot and post it please… thanks.
Get a screen shot and post it please… thanks.
New Report from the White Hats
From The House Of Lords – The Shot Heard Round The World
http://tdarkcabal.blogspot.com/
UUP FP showed $25.02 in Schwab Streetsmart Edge
Tons of bulls out there,pretty well everyone. Table is set.
2 trillion in bush tax cuts. what happened? soon after that, the banks
had to find 2 trillion in new customers. they lost the bush clients!!!
what did they do? They started lending to sub-prime people.
to sell
it, they had to wrap the loans in exotic instruments and hedge them like
crazy, because they knew by previous statistics, nearly none of these
new loans would be paid back.
what happened? CRASH OF 2007, right
before bush left office. what’s happened since the crash? EVERYBODY is
afraid to spend or borrow anything.
solution. tax the heck out of
those that got that 2 trillion in cuts. they will be so pissed, they’ll
go and borrow money (prime lending), beat the market, break even on
after taxes, economy gets going again.
ES Support and resistance lines:
http://niftychartsandpatterns.blogspot.in/2012/02/s-500-futures-support-and-resistance.html