Longer term areas for Yen:



and Canadian Dollar:

Swoooooooooooooooooooooooooooooosh time.

Let's see if they do the usual 'save' at the last minute.

118.88..............

nope, it didn't see this area at all

And yep, again. All games, all the time.

Originally posted by jimkane

Yep.

Originally posted by jimkane

KIG. Swoooooooooooooooooooooooooooooooosh coming. (Actually I thinks it's more likely a fake down to get suckers, then a snap up to get other suckers, then we'll see.)

it's like a guy underwater holding his breath as long as possible.....all the way to the last half hour of the quarter

Okay, watch what happens now.

they closed iwm right at 118.81, .886 right on the nose

Anyway, Armstrong thinks when the Fed starts raising rates the market will really explode upwards. His thinking is that historically markets rise when rates are rising. This makes sense, since the usual time the Fed raises rates is when the market is in a big bull cycle and getting too frothy, and the economy is really smokin'. It has a lot of momentum, and rises for some time afterwards. The Fed tends to lower rates when the economy and market are tanking.

Personally, I think his argument is flawed. He spends a lot of time talking about how others logic and reasoning is flawed. I think his is flawed in this case. I agree 100% the market will likely rise when rates go up. But, I think this only because they control, in my opinion, every tick of the market, and it will go up until it is in their best interests for it to go down, or once they lose control, which I think at some point is inevitable.

Here's my thinking. This situation is utterly and completely without precedent. Kind of like how they used to say wars were good for the economy. How'd that work out with Vietnam? See, wars seemed good because all the gold flowed into the U.S. as we built the war machine for other countries. When we started waging wars everywhere, we paid for that (and did so mostly via currency devaluation), and that hasn't been good for the economy at all. I grew up hearing one of the most sick sayings ever 'What we need is a good war to get this economy going.' Talk about sick... But, that old thinking is way outdated, and no longer 'works'.

So, when have they lowered rates to stimulate the economy, and after the market has risen to the point where it's in a tiny handful of longest running cyclical bulls in history, and smokin' new all-time highs one after another, and rates are still zero (not to mention insane levels of QE and other things, still going)? Answer? Never. So, the bull has now expended its energy, and at this point rates have to go up. To look back at examples where rates went up a little (since they only went down a little, relatively), once momentum had taken hold, and noticed that the market then really went up, and to compare that to six straight years of zero rates and almost infinite QE and the market smokin' at new all-time highs and say the two are comparable, well, to me, that's just lunacy. I can't even count how many logic flaws there are with that. It's beyond comparing apples to oranges.

Here's another type of logic flaw, although not directly related. When an economy is doing really good there tends to be inflation (let's not get into what sick, twisted reasons I think this actually happens because of). So, the thinking with the programs now is if you stimulate inflation, the economy will do better. Remember, rising inflation goes with a rising economy. I have studied logic, and this is just plain stupid reasoning. I can give an example that everyone will easily grasp, but yet 'they' can't apply this to what they are doing and see it (well, I think they can, and that just goes to show the reason they are stating is just a lie for the public).

Here's the idea. A implies B, therefore B implies A. A=>B, therefore B=>A. Here's what they say:

If the economy is doing good, then there is inflation.
There is inflation, therefore, the economy is doing good.

If Joe Blow owns Fort Knox, then he is rich.
Joe Blow is rich, therefore, Joe Blow owns Fort Knox.

See? Makes no sense. It's called 'Affirming the consequent'. Here's a simple article on it: http://en.wikipedia.org/wiki/Affirming_the_consequent

Yet they expect (and it's working) the public to believe what they are saying is true. I'm not saying Armstrong is committing this particular logic flaw, I'm saying he's committing a whole bunch of flawed thinking with this argument. Just my two cents. Opinions are like a#%holes, everyone's got one.

And that should surprise us why? Same old, same old with these characters.

Originally posted by rat89

they closed iwm right at 118.81, .886 right on the nose

From the old Outer Limits TV show, now adapted by the Fed/Oligarchs for the market and 'the system':



There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour [indefinite period], sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to – The Outer Limits.

Source: http://slopeofhope.com/2014/07/churning-the-headlines.html