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MarcinO
Rep: 67
Posts: 5,506
This may be an intresting week. Gold made a bullish ABCD on H1, against daily bearish one, which were shown by Duane and Rat. Probably it needs one more leg up deeper into the PTA before a reversal.

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JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, rat, you must be making up for being away from the forum yesterday. That's a lotta charts. Nice.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, sure, that rounding rollover lower high here is going to play out. Uh-huh, riiiiiiiiiiiiiight.
RA
rat89
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Posts: 7,015
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RA
rat89
Rep: 0
Posts: 7,015



Originally posted by jimkane

Wow, rat, you must be making up for being away from the forum yesterday. That's a lotta charts. Nice.
JI
jimkane
Rep: 3,058
Posts: 33,089
I didn't realize this is going to happen this Jan. This is really, really, really bad. This is the kind of thing that ends trading careers and destroys markets. Look at how it affected Sweden when they tried it. But, if they do it and other areas don't, like he said, capital will just flee.

http://armstrongeconomics.com/2013/09/10/another-nail-in-the-coffin-of-the-euro/
JI
jimkane
Rep: 3,058
Posts: 33,089
I also just realized that traders (who are doing well) are now going to be hit by O'Bummers 3.8% medicare O'Bummercare tax on trading profits. This is starting to get out of hand.

http://armstrongeconomics.com/2013/09/10/another-nail-in-the-coffin-of-the-euro/
JI
jimkane
Rep: 3,058
Posts: 33,089
This is post 21,000 for me. Hard to believe it's already been 1,000 posts since that 20,000 post post. Anyway, I'd like to see 84.75 or even 87.25 today as this closes, but the most likely scenario seems to be just continued chop, or maybe even a little selling pressure. That doesn't change my desire for one more push, though... Imagine, me, pushing for more upside...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, they are ready to make their assault on the highs. Let's see if they can get to my level(s). Give it to me, baby.
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MarcinO
Rep: 67
Posts: 5,506
Rate at which provide us with valuable comments is impressive. Thanks a lot!

Originally posted by jimkane

This is post 21,000 for me. Hard to believe it's already been 1,000 posts since that 20,000 post post. Anyway, I'd like to see 84.75 or even 87.25 today as this closes, but the most likely scenario seems to be just continued chop, or maybe even a little selling pressure. That doesn't change my desire for one more push, though... Imagine, me, pushing for more upside...

RA
rat89
Rep: 0
Posts: 7,015
applies to all capital gains, including investment property

Originally posted by jimkane

I also just realized that traders (who are doing well) are now going to be hit by O'Bummers 3.8% medicare O'Bummercare tax on trading profits. This is starting to get out of hand.

http://armstrongeconomics.com/2013/09/10/another-nail-in-the-coffin-of-the-euro/
JI
jimkane
Rep: 3,058
Posts: 33,089