- Joined
- 6 May 2005
- Posts
- 318
- Reactions
- 1
rederob said:Knobby
Ducati needs to change his avatar to a turkey so that he be saved by the US President on Thanksgiving Day.
His call on the US dollar will be as accurate as his call on gold, which failed after a few months despite a longer term time frame.
All the economic mumbo jumbo - sorry, precise economic analsis - in the world cannot prevent the US from disappearing down the hole it has been digging for itself in recent decades.
It is fanciful to think that 3 billion people in Asia will not have the economic might in years to come, to oust the 300 million in USA from global dominance.
The US has an energy dependence that makes it susceptible to ongoing inflationary pressures: Despite its foray into Iraq, it has to now partner Canada for the bulk of its oil imports.
While it is possible for the US to meet its debt obligations, in doing so it will expose its fragile economy to the world, and they will not like it. They may not like it already, as rumour after rumour is touting the euro as a safer haven for cash holdings than the greenback.
I believe the writing has been on the wall for a good few years now, and all we are seeing are the early death throes of the giant of the 20th century.
China's domination of production and consumption in many areas is world-leading. Where are they slowing down?
MARKETWAVES said:THE US MAY NEVER BE ABLE TO SERVICE ITS DEBT ......
BUT AT SAME TIME ......
MONEY WILL ALWAYS BE THERE FOR THE SPACE PROGRAM
- AINT THAT THE SAD, SAD TRUTH !
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THINK ABOUT WHAT THE SPACE PROGRAM REALLY COSTS ?
MARKETWAVES said:ok Wavepicker
The results are here ............Look at this thing go !
The dip happened as talked about in the above post .....
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I still havent heard anything back from Richkid
- will post the Us dollar charts as soon as I hear back from him .
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TRADE AT YOUR OWN RISK.... The Purpose of these charts is to point out significant highs
and lows based on Fibonacci Retracement Lines and Elliott Waves which are highly subjective.
This information is for Educational purposes and should not be considered trading recommendations.
All trading decisions are your own sole responsibility ........
MARKETWAVES said:..........
I need a llitle time to do the UsDollar charts ( Wavepicker )
Also, I am waiting for a response from Richkid who has mysteriously vanished in the last 3 days ......I have sent him 4 PM's ---------------------------------------------------------------------
websman said:.............
And, if the U.S. dollar did fall...A Country Boy can survive. Check it out.
The preacher man says its the end of time
And the Mississippi River shes a goin dry
The interest is up and the stock markets down
And you only get mugged if you go down town
I live back in the woods you see..........
tech/a said:Wave
Gotta say thats some of the best analysis I have seen.
Great to see a technician at work.
Both you and Marketwaves back your analysis with well presented charts and explainations.
Your contributions are both valuable and inspiring to the technical people here.
Thanks guys appreciated.
wavepicker said:No problems tech/a, but drawing fancy charts is one thing, battling with your emotions and trading psychology is completely another, and that one is the hardest to master for all of us here I think.
Charts should only be used as a guide and absolutely nothing else. As much as we want them to be correct, many times they are not. I don't know if these charts will be right, but until market conditions turn and make them invalid by another wave count I will stick by them. They only give probabilities and possibilities. It is up to us to quantify these probabilities.
Cheers
Charts should only be used as a guide and absolutely nothing else.
tech/a said:Wave
Gotta say thats some of the best analysis I have seen.
Great to see a technician at work.
Both you and Marketwaves back your analysis with well presented charts and explainations.
Your contributions are both valuable and inspiring to the technical people here.
Thanks guys appreciated.
There are messages in here that you have written about my work that is to the contrary of what you are now saying .
MARKETWAVES said:The tech a - Wow, thanx for that ...............
There are messages in here (in this Forum that you have written about my work that is to the contrary of what you are now saying.
I am not here to hold anyones hand.
Home work must be done on whats called Risk to Reward and Position sizing. Without study in this area a trader is doomed.... Truly.
Exact Buy signals and Sell signals are up to an individuals trading strategy and style . This is what I am so desperately trying to get a across to you in all this time that has passed now.
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I hope that you have looked at the track record that I have taken the time to post here. '' No hind site " ...'It is because of some of the things you have said about my writings in here that absolutely discouraged and stopped me from posting at this great forum all this time.
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