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MarcinO
Rep: 67
Posts: 5,506
I'll start with the Cable. The correction may be done here but 3Ds into 1.6010 is my the most preferable scenario.

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6b 2014 11 02 png


If this area doesn't hold, 1.6040 with EXP ABCD is next.

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6b 2014 11 02 2 png
MA
MarcinO
Rep: 67
Posts: 5,506
If they are going to push it down to 2005-06, this deep W2 shouldn't scare anybody out or am I wrong?
MA
MarcinO
Rep: 67
Posts: 5,506
An answer came before a question.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm just waiting for the next thrust on the way to new all-time highs (again).
JI
jimkane
Rep: 3,058
Posts: 33,089
And, once more, the thrust came while I was typing...
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm not going to get excited as they drop this a little here...
MA
MarcinO
Rep: 67
Posts: 5,506
And I'm out anyway...
JI
jimkane
Rep: 3,058
Posts: 33,089
Should bounce right here...
JI
jimkane
Rep: 3,058
Posts: 33,089
I hope it doesn't, but it 'should' if they are gaming it.
JI
jimkane
Rep: 3,058
Posts: 33,089
And the bounce starts, right on schedule.
JI
jimkane
Rep: 3,058
Posts: 33,089
Crazy, crazy predictable at times, the way they game this.
JI
jimkane
Rep: 3,058
Posts: 33,089
We are so brainwashed in this country, we are conditioned to believe we are doing great, better than everyone else, so lucky to be AmeriKan (and most agree, following along with O'Bummer's quips about the USA's exceptionalism). But here's some facts:

"The Upper Middle Class of America Owns a Smaller Percentage of Wealth Than the Corresponding Groups in All Major Nations Except Russia and Indonesia."

and

"America’s bottom half compares even less favorably to the world: dead last, with just 1.3 percent of national wealth. Only Russia comes close to that dismal share, at 1.9 percent. The bottom half in all other nations own 2.6 to 10.2 percent of the wealth."

That doesn't even sound remotely exceptional, or even remotely 'good'.

How about this:

"Just 47 Wealthy Americans Own More Than Half of the US Population. Oxfam reported that just 85 people own as much as half the world."

And to finish, we hear all the time about how brutal it is in Greece. The stories are chilling. Youth unemployment, businesses closing left and right, endless stories about former middle class families (entire families) living in cars, and so on. So, with that context, how about this one:

"Oh, and if you’re wondering how the American middle class ranks in the latest data, it improved two spots to #25. Just behind Greece."

But still all us AmeriKans keep thinking we have it so good, relatively, and we keep the system going for the elite. Nice job, AmeriKans. Your exceptional all right, exceptional suckers, exceptional sheep.

Source: http://www.zerohedge.com/news/2014-11-07/american-middle-class-wealth-worse-every-nation-russia-indonesia