can one really trade with Satan ? If Satan has left its mark, do you have the faith to exorcise ?
Judgement day would come, and the divine revelation would be left with my subscribers.
Saturday, March 14, 2009
Friday, March 13, 2009
13 March SPX 666
Strong undercurrents happening in US, after months of seemingly futile effort to stem the crisis.
http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html
This bottom at SPX=666, has greater significance than most people realised. It may be the onset of the next Bubble.
Obama is aware, that is why is want to put a stop to this boom bust cycle, as the next boom cycle has just kicked in. With all the liquidity pumped in by all governments, it is going to fuel quite some activities.
SPX at 805-860 would be critical to ascertain if this is just the retest of a massive SPX Head and Shoulder pattern, or the failure of a decade long H&S pattern, with an ensuing rally.
Nonetheless, we are in a Kondratieff Cycle.
http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html
This bottom at SPX=666, has greater significance than most people realised. It may be the onset of the next Bubble.
Obama is aware, that is why is want to put a stop to this boom bust cycle, as the next boom cycle has just kicked in. With all the liquidity pumped in by all governments, it is going to fuel quite some activities.
SPX at 805-860 would be critical to ascertain if this is just the retest of a massive SPX Head and Shoulder pattern, or the failure of a decade long H&S pattern, with an ensuing rally.
Nonetheless, we are in a Kondratieff Cycle.
Thursday, March 12, 2009
12 March space shuttle launching
Thursday at 10 am ET, there would be a House Financial Services subcommittee no the issue of Mark to Market Accounting FASB 157.
However a resolution may not be forth coming, but a clue may ensue, that would show the light.
The FASB 157 was effective Nov 2007, hence the market peak before it. Hence it makes sense that if FASB is to be temporarily suspended, then the market would bottom before it. Or if FASB is to be suspended effective 1 April, and the Uptick Rule to be reinstated in April, we would expect the market to rocket ahead, especially has it has been oversold.
There would be massive short coverings.
If you want to plan and strategise for all these moves in the market, FOREX and Equities, and GOLD/SILVER, you would need to subscribe to my newsletter:
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Warren Buffet has proven that buy and hold is a failure, and you need to trade this market to earn monies, at least in the next 3 years till 2012.
I use TD indicators, and we can see that EURUSD and CL1 are starting to trend upwards.
There are lots of chatter in the media on Crude, with some saying crude is going to visit 20-30 USD, USDJPY to strengthen again, etc.
Time is about right.
Tuesday, March 10, 2009
10 March Waiting
Waiting is indeed the word. Those with monies waiting for the capitulation, those made monies waiting to take profit.
Nobody is moving without seeing any capitulation.
Today is 10 March, full moon. Retail Sales is due out this week. Perpahs everybody is hoping for a bad figure.
there is a Congressional hearing on the Financial Standards Oversight Board, in relation to FAS 157.
Funds are anxious to sell down the market, evidence:
(a) maniulating the HSBC shares in HK, trying to stage a market close sell down.
(b) investment houses issuing a spate of negative report/downgrades on some bluechips.
(c) Professors of doom speaking everywhere, from Delhi, HK to California
The fear machine is working overtime indeed.
The conventional wisdom is stay out, stay out of the banks, conserve cash, buy bonds if there is monies left. Waiting for the next bank to be nationalised.
SPX popular target is 640, last was 666, while GE low was 6.66.
OR has the devil carved out a bottom already, while everybody is waiting ? VIX is subdued, essentially people has stayed out buying puts.
Only the day traders are fuelling every rise and fall, following the channel descent or channel pop.
Is there enough fodder for the much awaited pop up or down ?
GOLD trying to move down. However, GOLD may just follow the market and rally in anticipation of future inflation. Either stock up or down, GOLD is going to go up.
In that case, we would get to 1200 sooner than most funds are expecting. In fact they are selling short at 1000.
The future for USD is sealed, when RMB is going into free float. China is now testing international settlement in RMB in Shanghai. RMB itself is a basket of currencies.
While Japan has pledged support to Us treasuries. Hence you see the continous rise if USDJPY.
Hence we would see a situation where Yen is the weakest, followed by USD, and then the stronger currencies would be GBP, EUR and Emerging Asia Economies. We would discount the Eastern Europeans currencies.
We may start to see USD carving out a double top, while the USDJPY carry trade would resume to fuel the next bubble, if not next rally. Going back to good old days.
Now, the bottom in stock is coming, and everyone is waiting.
Nobody is moving without seeing any capitulation.
Today is 10 March, full moon. Retail Sales is due out this week. Perpahs everybody is hoping for a bad figure.
there is a Congressional hearing on the Financial Standards Oversight Board, in relation to FAS 157.
Funds are anxious to sell down the market, evidence:
(a) maniulating the HSBC shares in HK, trying to stage a market close sell down.
(b) investment houses issuing a spate of negative report/downgrades on some bluechips.
(c) Professors of doom speaking everywhere, from Delhi, HK to California
The fear machine is working overtime indeed.
The conventional wisdom is stay out, stay out of the banks, conserve cash, buy bonds if there is monies left. Waiting for the next bank to be nationalised.
SPX popular target is 640, last was 666, while GE low was 6.66.
OR has the devil carved out a bottom already, while everybody is waiting ? VIX is subdued, essentially people has stayed out buying puts.
Only the day traders are fuelling every rise and fall, following the channel descent or channel pop.
Is there enough fodder for the much awaited pop up or down ?
GOLD trying to move down. However, GOLD may just follow the market and rally in anticipation of future inflation. Either stock up or down, GOLD is going to go up.
In that case, we would get to 1200 sooner than most funds are expecting. In fact they are selling short at 1000.
The future for USD is sealed, when RMB is going into free float. China is now testing international settlement in RMB in Shanghai. RMB itself is a basket of currencies.
While Japan has pledged support to Us treasuries. Hence you see the continous rise if USDJPY.
Hence we would see a situation where Yen is the weakest, followed by USD, and then the stronger currencies would be GBP, EUR and Emerging Asia Economies. We would discount the Eastern Europeans currencies.
We may start to see USD carving out a double top, while the USDJPY carry trade would resume to fuel the next bubble, if not next rally. Going back to good old days.
Now, the bottom in stock is coming, and everyone is waiting.
Wednesday, March 4, 2009
4 March as expected
Euro retesting 1.2400 soon. though I last forecasted 1.2425. Euro has shown resilience in the face of the Eastern European collapse. If Euro survive this year, it is proven to be the next reserve currency of the world. Then Euro going to 1.7000 or 1.8000 is a matter of time.
First Europe needs to distance itself from Sakorzy influence, the flamboyant leader who is fast losing support in his homecountry. China retract its Airbus orders is a big blow to the French employment. Expect more turmoil in France, as compared to other European members. Its bank Societe Generali and BNP would soon be in the spotlight.
As for Gold, going to retest its up trendline support since this rally. the support is around 870-880. Now spot Gold at 915. May be this would be the last time we see Gold at 800.
Though consumer demand for Gold jewellery has waned, nations demand for Gold is ever increasing, to bolster its urge to print more monies.
In fact, license to mine Gold is probably the most desired commodity in the world in the near future.
As faith currencies soon loses faith with the masses, when BoE and ECB are going into Quantitative Easing.
First Europe needs to distance itself from Sakorzy influence, the flamboyant leader who is fast losing support in his homecountry. China retract its Airbus orders is a big blow to the French employment. Expect more turmoil in France, as compared to other European members. Its bank Societe Generali and BNP would soon be in the spotlight.
As for Gold, going to retest its up trendline support since this rally. the support is around 870-880. Now spot Gold at 915. May be this would be the last time we see Gold at 800.
Though consumer demand for Gold jewellery has waned, nations demand for Gold is ever increasing, to bolster its urge to print more monies.
In fact, license to mine Gold is probably the most desired commodity in the world in the near future.
As faith currencies soon loses faith with the masses, when BoE and ECB are going into Quantitative Easing.
Tuesday, February 24, 2009
24 Feb Gold
well, Gold has hit a high of 1005. Is it the short term top ? Interesting last week, Bernanke spoke and painted a gloomy picture, however expecting inflation to stay low short term, and inflation target of 1.5 to 2% long term.
Seemingly Gold believes in him and beat a retreat. Would inflation be contained in the future ?
Also Hillary ask the China to continue buying treasury, this would give support to USD, and stem any panic dumping of Treasuries.
Obamam is going announce a plan on cutting down fiscal deficits by yr 2012. That bodes well for USD. However the recent move of Gold is anti-Euro, aligned with USD strength.
If Gold rallies beyond 1030, then it would foretell a world when the FED and US is helpless.
Suspect that whenever Gold reaches 1000, the FED would come out to dump its Gold, or enter into some form of swap to sell its Gold.
As an investor, never never sell Gold nonetheless. Buying on dips is adviced.
Short term bottom may be found at 960, then 930.
From the recent chart moves, the support seem to be at 975, then 983. The last high was 1005, followed by 998. We may see another attempt to mount an attack towards 1000. The longer the interval between the attack, the selling pressure would mount.
I believe we have not seen the end of the current raly, however some form of pullback is in the cards.
Hence some more downside for Stocks is happening this week, before a climax. Then it would be a golden buying opportunity.
My take is that Euro would reach 1.2400, SPX to reach 680-700, and Gold to topout around 1050 within next 2 weeks.
Seemingly Gold believes in him and beat a retreat. Would inflation be contained in the future ?
Also Hillary ask the China to continue buying treasury, this would give support to USD, and stem any panic dumping of Treasuries.
Obamam is going announce a plan on cutting down fiscal deficits by yr 2012. That bodes well for USD. However the recent move of Gold is anti-Euro, aligned with USD strength.
If Gold rallies beyond 1030, then it would foretell a world when the FED and US is helpless.
Suspect that whenever Gold reaches 1000, the FED would come out to dump its Gold, or enter into some form of swap to sell its Gold.
As an investor, never never sell Gold nonetheless. Buying on dips is adviced.
Short term bottom may be found at 960, then 930.
From the recent chart moves, the support seem to be at 975, then 983. The last high was 1005, followed by 998. We may see another attempt to mount an attack towards 1000. The longer the interval between the attack, the selling pressure would mount.
I believe we have not seen the end of the current raly, however some form of pullback is in the cards.
Hence some more downside for Stocks is happening this week, before a climax. Then it would be a golden buying opportunity.
My take is that Euro would reach 1.2400, SPX to reach 680-700, and Gold to topout around 1050 within next 2 weeks.
Thursday, February 12, 2009
12 Feb Buying Time
yes, buying time is what Geithner is doing, he is not in a hurry to buy bank assets. As there is no demand out there, any asset sales would depress the market value further. He is keeping the details, so as to put the market on a leash. He would reveal bits by bits, literally buying time.
The are tools that Bernanke and Geithner can deploy, but they are deliberately taking their time.
Overall, when the time is right, they would give the final push to jerk the economy out of the doldrums. The next highlight would be the April G20 meeting. Till then expect the market to stuck in range, perhaps with a downward bias. Noting that the GM/Chrysler bill is up on the table for review in March.
Meanwhile, China market is quietly climbing without much fanfare. Hence expect the more resilient economies to pull out slowly, while Doom sayers keeping the hot air on US markets.
US companies, or for that matter financial institutions with substantial China/Asia exposure would thrive better than others.
Natural resources companies are also in the mode of merger and acquisitions in anticipation of the next demand cycle. E.g. Chinalco and Rio Tinto.
For investors, you can buy when you find the market suddenly making a dive the next morning. Any test of the low is a buying opportunity. But do not buy after a rally, as rallies would not be sustainable when the time is not ripe.
The are tools that Bernanke and Geithner can deploy, but they are deliberately taking their time.
Overall, when the time is right, they would give the final push to jerk the economy out of the doldrums. The next highlight would be the April G20 meeting. Till then expect the market to stuck in range, perhaps with a downward bias. Noting that the GM/Chrysler bill is up on the table for review in March.
Meanwhile, China market is quietly climbing without much fanfare. Hence expect the more resilient economies to pull out slowly, while Doom sayers keeping the hot air on US markets.
US companies, or for that matter financial institutions with substantial China/Asia exposure would thrive better than others.
Natural resources companies are also in the mode of merger and acquisitions in anticipation of the next demand cycle. E.g. Chinalco and Rio Tinto.
For investors, you can buy when you find the market suddenly making a dive the next morning. Any test of the low is a buying opportunity. But do not buy after a rally, as rallies would not be sustainable when the time is not ripe.
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