A couple of interesting pieces on the dollar issue: One on the Moragan Stanley website, (Yahoo won't let me post link), plus one on the front page of the FT.com entitled:
"China tells US to put its house in order
The FT article quotes Li Ruogu, the deputy governor of the People's Bank of China. I think it puts squarely in perspective that China will do whatever is best for them, whenever it suits them....and all this recent talk we've seen in the press from "experts" talking about imminent revaluations of the Chinese currency is just hot air. imo.
Today is a holiday in Japan so there is likely no talk/intervention coming from them, hence the dollar is weakening again. - Also, BHP may bear watching today, it had a great day in OZ.
Trading should slow to a trickle pretty soon, unless they sneak in a buy or sell program while nobody is watching before the holiday....
Doc that was a nice dime pop on DYN!! Thanks.
Will be in and out today, so if I don't post again, you all have a great Thanksgiving!
I used to think it was mean people making the stock go against the fundamentals, but after lightening up a little, I see the force more like a magnet or gravity - pulling through the ether in whatever direction the macd signals it should come from.
I made a mistake in my last post, the mo bar will increase and turn around only on a break of the dt line AND a close above yesterday's open. That would make 18.40 or higher on the close a BUY signal rather than a sell.
This is the way of ta and it seems silly that it is better to go long on a higher price entry level, rather than lower when the knife is still falling. It has to do with momentum and the invisible force it creates.
Ed, when a macd crosses like this AND the momentum bars decrease there is a likely chance that the stock will not go up the next day. Only a break of the DT line will change the mo bars signaling the reversal sign to make a long trade safe.
in the sell column are KRY RGLD IVN.TO GFI PDG NEM PAAS AU KGC CG.TO and almost GG
in the buy column are GSC CBJ SSRI
I am going to try to sell my cg because of these signals. Rgld is up now, but against the odds so better to take profit and go long something with more safety until the dt line is broken with a close above 18.25.
that's a good one reb, I have a few plumbing stories too. Except when I hear people talk about the local hole in the ground, it helps distinguish between a tourist and a traveler.
My view of America has always been based on the clenliness of public bathrooms. In the 70's, Canada's were cleaner, but in the mid 80's the US pulled ahead and still has cleaner bathrooms.
These movements track the exchange rate between the loonie and $, where in the 70's Loonies were worth more than a US$. We are catching up now, scrubbing the grout with old toothbrushes.
There is always a complex set of criteria that the "rest of the world" uses vis a vis the U.S....IT is usually at the same time an attraction and a repulsion. I've noticed it on many travels. It used to be a few decades ago that people emigrating to US from old Europe were viewed as somewhat daring & forward looking, nowadays it is mere pity!