Click image for original size
If this area doesn't hold, 1.6040 with EXP ABCD is next.
Click image for original size
MA
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.
If this area doesn't hold, 1.6040 with EXP ABCD is next.
If this area doesn't hold, 1.6040 with EXP ABCD is next.
JI
jimkane
Rep: 3,058
Posts: 33,089
A very reasonable chance they are going to hammer the GZ any time now.
JI
jimkane
Rep: 3,058
Posts: 33,089
Ruh-roh, did they just make me think that right before they finally blast it off the GZ in a 'W3'?
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, indeed. Technically I think nothing but down was warranted, but it is Friday, the market did set a new all-time high, and 'they' love the GZ after a 'make it look like there is no hope' sell. And yes, there was plenty of time and price action to get one in on the long side here, in my opinion. More than enough.
Originally posted by jimkane
Ruh-roh, did they just make me think that right before they finally blast it off the GZ in a 'W3'?
JI
jimkane
Rep: 3,058
Posts: 33,089
Actually, I think the bounce is done right there at 26.75, but we'll see. You know they want the few extra ticks to close it green, maybe even with a huge pop.
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
"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