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Posts by "nzvik"

263 Posts Total by "nzvik":
225 Posts by member
nzvik
(Auckland, New Zealand)
38 Posts by Anonymous "nzvik":
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 10, 2009 7:27
All indications on the Crude oil (Oct) 4 hr charts are pointing towards a further move up.
If it breaks 73.90 - look for another shot at 75.

Unless the inventory numbers are crazy, I am bullish on crude till the S&P remains above 1016.

Look for the S&P today to close above 1040 (not easy as strong and recent resistance is at 1038) - if it does, we are headed towards 1060+ in the next week, taking crude towards 80 and the EUR towards 1.4700 and the AUD towards 90.
Gold however looks to be headed towards 980 and maybe lower in the next few sessions.
Good luck with your trading

nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Aug 31, 2009 5:07
The irrational markets quote is from famous British economist John Maynard Keynes - one of the fathers of macro economics

Read here briefly about how Keynes speculated in currencies and lost and then came up with the famous quote
http://www.maynardkeynes.org/keynes-the-speculator.html

Part of what you are seeing happening now is Keynesian economics being followed. The simpler form of which is : when economies suffer a downturn, governments should borrow and spend money to boost economic activity. Part of the proceeds of the resulting economic growth should then be used to repay the debt.
nzvik
New Zealand
Posted Anonymously
15 years ago
Aug 28, 2009 19:00
Ashraf,

Just relax and enjoy your vacation. Some people obviously assume this is a trade signal website.
I enjoy reading and then using your analysis and thoughts on the market. I see your ideas and thoughts as something for me to understand and then decide for myself how I want to trade depending on my situation and already open positions.
People who are looking just for trade signals without understanding the thinking behind them should move on - there are a number of websites which will be happy to take your money and simply give you an entry and exit and you may still loose money.
Please continue the education, I want to learn how to fish not just eat fish !