As far as I am aware, US FED reserve is trying to set up a centralized counter where they can be traded. I think FED inclusion might make some matters smooth and trust worthy.one thing I have learned on ASF, is to look for a CATALYST preceding direction.
The catalyst i see is the almost complete breakdown of the OTC derivative system.
As noted in other threads, it is monumental in size, I have not seen any indication from any poster, on how this may be even remotely resolved.
( I did pose the question)...any clues?..gurus please reply
Take ANZ for example. 52 wk low of $15.07. 20% below this = $12.06.
Or QBE. 52 wk low of $19.50. 20% below this = $15.60.
I don't think I've got the patience to wait til these lows til I buy in, IF they eventuate.
Well, look at the recent capitulation in January. Every thing went flat down, all sense and reasoning went out the window. It was the scariest day of all if you ask me of this year on ASX.
I have recieved emails (asking me to subscribe)from Invest 4 profit and the chartist saying 4200 is the bottom. Am I missing some good news from somewhere?
quite happy trading the volatility and panic in the meantime tho
Yes I am happy enough trading the volatility atm. Is there some significance with 4200 for EW or something?
I think afew in here use EW to its full extent , better off asking them , tech/a, whiskers,ozwaveguy, cupla others spring to mind
cheers
Whiskers is the only one I can think of really, TBH...... no offense to anyone , BUT some chartists have been calling the bottom from 6200 down gotta be right someday hey me personally will wait till a confirmed reversal and maybe miss a cupla bucks before i jump back in with both feet .
my post is not directed at some here as many here have called this correction from the start not afterwards like so many great chartists do
quite happy trading the volatility and panic in the meantime tho
Lol... and you've said the same thing for 1900 points! You've ridden it the whole way down!My intuition of all the markets is there is one hell-of-a-rebound about to unleash.
My intuition is that the trigger will come from England on thursday/friday.
Agree Tech, and I have been waiting nearly 12 months for this period in time.Remember when you could buy a house and rent it out and make a profit without any problem in the world.We just kept it for 5 yrs and made a motza.
Well it wont be long and loading up on quality stock will give you exactly the same result.
This sort of pullback only occurs once in 20+ years and only becuase the system HAS to change.
Once changed and if your set----you wont have to worry about retirement.
Skin the volatility or ride the value.
Whiskers is the only one I can think of really, TBH.
That may be the case BUT in all fairness he has made a few good calls of late and not scared to put his neck out with them
as far as the other question re what to look at , i hold MTS and maybe suggest a little research for a looksie further down the track . not a ramp , just a suggestion of one to pick some bones on later
cheers
LOL i didnt say u guys were right i just said ya used it more trhoroughly:
he asked an EW sorta question , better u guys answering than me giving a bogans eye view on iti cant pronounce the lingo .
gotta love that gold price eh
cheers
Mmmm.... a bit of synchronicity... check out my post in the MTS thread yesterday... lololololololololol.as far as the other question re what to look at , i hold MTS and maybe suggest a little research for a looksie further down the track . not a ramp , just a suggestion of one to pick some bones on later
cheers
Yep, because now the British own the banks, cutting rates is gonna make a massive difference.It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
LOL
That being the case the rebound up leg C should be pretty well straight up as opposed to maybe 45/60 degrees for an a of and abc correction.
As for gold... if I'm correct it won't go much higher before it starts a five wave C back towards 800ish.
It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
Mmmm.... a bit of synchronicity... check out my post in the MTS thread yesterday... lololololololololol.
Lol... and you've said the same thing for 1900 points! You've ridden it the whole way down!
Agree Tech, and I have been waiting nearly 12 months for this period in time.
The problem is though, which companies are you going to target?
Yep, because now the British own the banks, cutting rates is gonna make a massive difference.
And god knows how you expect that to be bearish for gold. Anyway...
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