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Thread: nice Cup-with-Handle developing on the one year Russel 2000 chart...

  1. #1

    Default nice Cup-with-Handle developing on the one year Russell 2000 chart...

    http://money.cnn.com/data/markets/russell/

    ...seems that Gold, US treasury bonds, all commodities and the US stock markets clearly heard bernanke state that the fed was prepared to expand its balance sheet if warranted, in today's congressional testimony...all it seems, except all the business news media commentators...it's not only the junior Golds that are suffering under the lack of monetary liquidity provided by the fed, it's junior companies in all sectors of the US economy...small businesses provide the lion's share of all employment in the US economy, so if bernanke is serious about supporting US employment growth, he should be monitoring the health of junior stock markets like the Russell 2000, instead of waiting for employment figures to confirm that the US economy is back into recession
    Last edited by Hrysophilos; 09-13-2012 at 05:55 PM.

  2. #2

    Default

    Bernanke is fluent in FedSpeak. (Google fedspeak) And as far as the markets are concerned, all markets, they are driven by fear and greed. Fear of not making your quota, and the greed of making more. Nothing more, nothing less. Market fluctuations are merely an indication of how much vig the buyers and sellers of paper are gaining or losing.
    To Be, Do. Descarte
    To Do, Be. Sartre
    Do be do be do. Sinatra

  3. #3

    Default

    Quote Originally Posted by Hrysophilos View Post
    http://money.cnn.com/data/markets/russell/

    ...seems that Gold, US treasury bonds, all commodities and the US stock markets clearly heard bernanke state that the fed was prepared to expand its balance sheet if warranted, in today's congressional testimony...all it seems, except all the business news media commentators...it's not only the junior Golds that are suffering under the lack of monetary liquidity provided by the fed, it's junior companies in all sectors of the US economy...small businesses provide the lion's share of all employment in the US economy, so if bernanke is serious about supporting US employment growth, he should be monitoring the health of junior stock markets like the Russel 2000, instead of waiting for employment figures to confirm that the US economy is back into recession
    Interestingly?...
    the Russell 2000 made a new high in 2011 while the S&P and Dow didn't.

  4. #4

    Default

    Cup & handle?

    Look long term. In 2008, R2000 lost a little over 1% vs. prior year. Thus far in 2012, R2000 is over 1% vs. prior year. When the R2000 hits 820-840, sell

  5. #5

    Default looks like 840 resistance has become support...

    Quote Originally Posted by TandA View Post
    Cup & handle?

    Look long term. In 2008, R2000 lost a little over 1% vs. prior year. Thus far in 2012, R2000 is over 1% vs. prior year. When the R2000 hits 820-840, sell
    ...http://money.cnn.com/data/markets/russell/

  6. #6

    Wink

    Quote Originally Posted by Hrysophilos View Post
    yup....& I just bought more TZA

  7. #7

    Default Holy cow...I totally missed the inverse H&S breakout on the R2000...

    http://quotes.ino.com/chart/index.ht...t=&a=&w=&v=d12

    ...much easier to see on this one year chart...the breakout of the 813 neckline occurred in early September and we have just come back and retested the 813 neckline today...this is the line in the sand for the R2000...we either hold the 813 level and rally to da moon, or we break 813 and head into the pits of zool

  8. #8

    Default looks like the pits of zool it is for the R2000...

    Quote Originally Posted by Hrysophilos View Post
    http://quotes.ino.com/chart/index.ht...t=&a=&w=&v=d12

    ...much easier to see on this one year chart...the breakout of the 813 neckline occurred in early September and we have just come back and retested the 813 neckline today...this is the line in the sand for the R2000...we either hold the 813 level and rally to da moon, or we break 813 and head into the pits of zool
    ...onna day filled with cathartic selling and lots of inverse H&S patterns on the daily charts...and bernanke is still sitting in his office, pattin' himself on the back for the latest US employment figures, while Obama is too clueless to come out and denounce the US strong dollar policy, as the only logical option left to save millions of US jobs goin' forward

    ...tick-tock

  9. #9

    Default

    Quote Originally Posted by Hrysophilos View Post
    ...onna day filled with cathartic selling and lots of inverse H&S patterns on the daily charts...and bernanke is still sitting in his office, pattin' himself on the back for the latest US employment figures, while Obama is too clueless to come out and denounce the US strong dollar policy, as the only logical option left to save millions of US jobs goin' forward

    ...tick-tock
    Give it some time. He got re-elected.

    Job one: done.

    Next job: inauguration.

    Romney, by design or not, said China is a currency manipulator. In public.

    Leaving Obama a whole lot of leeway.
    A skeptic's work is never done.

  10. #10

    Default China is effectively dictating US monetary policy...

    Quote Originally Posted by chinewalker View Post
    Give it some time. He got re-elected.

    Job one: done.

    Next job: inauguration.

    Romney, by design or not, said China is a currency manipulator. In public.

    Leaving Obama a whole lot of leeway.
    ...by manipulating the US dollar to their own benefit...the fed is printing an extra 40 billion a month, while the US dollar continues to be magically levitated by some "unknown force"...it's not only US manufacturers that suffer under this magical usdx levitation act, it's all US based commodity producers, from farmers, to miners and oil and gas producers...the only clear beneficiary to this manipulation is China, who by way of a pegged currency, get to rape all US resources on the cheap, while US resource producers and exporters are forced to lay off millions of US workers...Obama knew that China was and continues to be a currency manipulator a long time ago and he hasn't done anything about it, so I wouldn't hold my breath
    Last edited by Hrysophilos; 11-07-2012 at 04:09 PM. Reason: gr

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