Comments on: Weekly Ichimoku: GBPUSD 8th Dec 2009

By: decidence

decidence — Thu, 10 Dec 2009 21:48:58 +0000

Classic symmetrical triangle on H1 right now.

By: Clive

Clive — Thu, 10 Dec 2009 20:02:29 +0000

Elliot Wave International anticipating big rally in US$ and GBP to be biggest casualty. There is a fractal repeat on the FTSE100 than I am following (1st one Dec 2007 to May 2008)(2nd one Sept 2008 to date) and the retracement leg BC on first fractal was 1.333 x the AB move followed by a steep one day fall. I have overlaid this on the 85 day AB move on the FTSE since March this year and calculate Dec 17th as the fall fate – bit accurate of course but lines up with US$ to rise from the ashes! We shall see but impressed with Ichimoku’s – need to see if can get on Ensign.

By: ichi360

ichi360 — Tue, 08 Dec 2009 12:01:58 +0000

hmmmm that makes sense Cody

By: codyb

codyb — Tue, 08 Dec 2009 11:44:21 +0000

http://twitpic.com/sndk8

horvat

By: codyb

codyb — Tue, 08 Dec 2009 11:38:01 +0000

Peterson Institute is the cognoscenti. When they say the
developed world needs another $6TR in stimulus, it signals
they actually think the world economy is phucked in perpetuity as there will be no political will to do this without another roasting.
Buckle up.

This is a good read

http://www.piie.com/publications/papers/gagnon1209.pdf

By: codyb

codyb — Tue, 08 Dec 2009 11:36:16 +0000

the dollar

By: ichi360

ichi360 — Tue, 08 Dec 2009 11:17:45 +0000

Drop for what ? Dollar or GBP ?

By: codyb

codyb — Tue, 08 Dec 2009 11:03:11 +0000

It is now being reported that the BLS goofed on their job loss numbers due to a flaw in their job creation model, and that when fixed will show losses closer to -200K for November.

By: codyb

codyb — Tue, 08 Dec 2009 10:59:59 +0000

look at the $index 1 hr chart

it looks to be setting up for a drop