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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
May 6, 2013 12:01
In reply to DaveO's post
Even top level mathematicians have big difficulties....
the topic is called "multifractal analysis" but this doesn't explain anything, either. However I think one can understand the idea behind it what causes instability and how to realize the market is instable. Huge profits possible...
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 5, 2013 0:44
Thanks guys for all these informative links


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 4, 2013 23:33
In reply to cat0nip's post
Cat, I will order Didier Somette's book "Why Stock Markets Crash".The math will be beyond me I expect but I understand Mauldin's "Fingers of Instability" published a few yrs ago. That was a very popular piece with his readership---now featured again this week. For anyone interested here is the link:-
http://www.mauldineconomics.com/frontlinethoughts
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
May 4, 2013 11:39
United Kingdom Independence Party going strong. Cameron's recent Merkel huggin' and his address when Queene Merkel gives us the honor of Her graceful visit all of us must be proud of right side traffic did ring a bell but not the one Cameron envisioned.

In a recent essay Mauldin mentions Sornette's book Why markets crash. Sornette is to my knowledge the only physicist who applies systems theory to geophysics ( earthquakes, for example) and thus no physicist understand his work. But for financial markets systems theory is the only applicable.
Highly recommended although the cover is misleading: systems theory is just not chaos theory.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 1, 2013 12:54
Hanging in there by our finger nails. It's all down to London, the skam city of skam finance. Mind you London is pretty good for tourism these days. Shame on us for decimating our manufacturing base which could so easily have been pushed up market a la Switzerland. Instead of that Maggie's quick fix for union power was to work the bulldozers. London shall be our golden egg goose, said she. We shall be a nation of service providers. I don't suppose she envisaged skam providers, to be fair to her.
http://www.bloomberg.com/news/2013-04-30/london-commercial-property-deals-jump-on-foreign-buyers.html
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 1, 2013 9:48
GU 1.5590 now satisfied.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 29, 2013 11:21
on GBP fundamentals there seems to be a recent air of optimism for getting the banks lending again. Not holding my breath in that one yet.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 29, 2013 11:17
GU is now approaching important cluster of potential resistance. 50% daily fib level, 100 DMA, channel resistance drawn from the March low and 127.2% ext. 1.5560 to 5590 zone. A break above would target next cluster zone c.1.5725/5770 but I would expect a ret first.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 15, 2013 12:58
http://www.telegraph.co.uk/finance/financialcrisis/9993266/Financial-crisis-caused-by-too-many-bankers-taking-cocaine-says-former-drugs-tsar.html
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 9, 2013 20:38
yes, I am cautiously optimistic for the near term :-)
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