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Cheeky's Futures Charts - July 25
Futures are off and kicking....
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yes thank you ... we're all watching the same shit. we can all go to finviz, no need to be redundant.
heh. true.
The problem is that we all DO go there, and it slows down the servers. This saves some processing power for them.
Thanks for posting this.
Look forward to a bullish week!! Near the elections we should get a nice dive.
For Cheeky, first some Bukawski. Then some music. Then some market.
Poem For My 43rd Birthday
To end up alone
in a tomb of a room
without cigarettes
or wine--
just a lightbulb
and a potbelly,
grayhaired,
and glad to have
the room.
...in the morning
they're out there
making money:
judges, carpenters,
plumbers, doctors,
newsboys, policemen,
barbers, carwashers,
dentists, florists,
waitresses, cooks,
cabdrivers...
and you turn over
to your left side
to get the sun
on your back
and out
of your eyes.
from "All's Normal Here" - 1985
http://www.youtube.com/watch?v=CXKQlCQKtIg
The Yen Springs a Leak
The players took their seats, they tuned accordingly, but the conductor was grown tired and could not last the day. He looked disheveled while leading the bankster musicians with his wand, his beard ever growing white. Once intermission any sensible eye could tell the man would not make it any longer. The standards were not there; truth had won this time.
A major weight is about to drop, and it looks to be the Yen. It has tightened up around 86, and may have another moment to tighten further, but not past 84. This week may be the last time the Yen had comparable strength to its present value. The main reason it will hold on for a few days longer is due to the "Stressed Tests" that are a large "stress" but not much of a test. The Euro could find its way on the $1.27 of this range(at a high of $1.29). The doelarr which is far weaker than it looks will lolligag around 82-83 DXY this week, maintaining above its important 81.5 holding. After this weeks Euro's "weakness", the doelarr will benefit marginally from the coming collapse of the Yen, but it will not raise the doelarr over 85.
Hindsight says we should see a run on the Yen coming, as we had learned from the May 6th "Flash Crash" that Yen for doelarrs was used on at least 500 points of the sell off. It looks to be a long way to the bottom as we could move to the Yen's low hundreds by mid August. This will only be the beginning of the Great Currentsea Selloff, as the Pound, the euro, and Doelarr will be next to go.
But this has been the plan. Sell off the currentseas one bit at a time. If the BIS and Paulson weren't involved it would have occurred much faster, gold would be at $3300 easy. This the price gold should have been coming into the crisis.
Platinum has been doing well. It will continue its move higher, after expirations. Gold and silver will move higher Monday, but will come down marginally on the 27th. Gold to $1215 tomorrow with them expiring at $1207. Silver to $18.50 on Monday then to $18.40 on Tuesday. platinum will have a similar appreciation on Monday but will not come down on Tuesday. Platinum is off to the races. And so with that PMs should all be in the beginnings of a large move upwards. With currentseas going out, we will see who is swimming naked.
ZEN
Ah, Mr Lennon, truly one of my favorite posters here at ZH.
Your kind of take is the long way to poetry while dumpster took the short haiku way (dumpster, where are you pal?).
Yummy PLATINUM is my favorite PM as well. Pant, pant! After I see my Dr. tomorrow (Monday), I will see if my gold store has any Pt Eagles, if not, well, I will just buy more gold. Later this week, maybe more ammo (and perhaps a gun or two, you know, "be prepared")...
The Bearing ain't going to take this crap lying down... It is possible that he may flee (with his beautiful wife) to Peru if things get ugly here. Fight (w/ my AK and Beretta) or flee... Hmm... I hope I have enough time to make the right decision.
Go with the NATO rounds, stay here and fight. We will need good soldiers here should the military side with the enemy in Washington DC.
We need to revisit S&P at 1200 before the epic crash... IMHO... This will ensure the greatest number of bears have given up and the greatest number of bulls have claimed victory.
Watching the full moon set this morning. The next two weeks should be grrrrreat!!! Maybe the "big move" will be down, but maybe it will be up. An up move would sure take care of all the Zero Hysterics, eh?
...Weird how her legs keep switching sides from the knees down...
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