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16-06-2017, 09:15 PM
#511
Originally Posted by Hoop
Is the coming Election swaying you guys?
Nope.
I don't vote.......learned as a kid whoever comes to power it's just the same ole same ole yadda yadda yadda..........
Reason being we are a First World Country, keep all in check, follow the leader, the masses are easily influenced by those in power, and yadda yadda yadda....
For myself Hoop, one quick glance at a chart is explanatory for myself..enjoy your weekend...(V8) Supercars are on
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16-06-2017, 09:28 PM
#512
Originally Posted by Hoop
Is the coming Election swaying you guys?
not really but you know if Labour/Green poll well it would add downward pressure on the NZD >>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
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16-06-2017, 09:33 PM
#513
hoping the NZD can hold 95c+(till I convert my 80k NZD) looking very toppy >>>>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
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16-06-2017, 09:47 PM
#514
Is the coming Election swaying you guys? ...The reason I ask is why do you think break out to the downside is going to happen with in the next month or two...Karlos's long term chart is exactly that...long term...The descending triangle is valid from the mid 2014 starting point and the apex is projected out to the year 2022.....Most of the breakouts occur 2/3 to 3/4 along the triangle towards the apex which suggests chances are the downward breakout would occur during the years 2019 and 2020.....A long time between drinks ..eh?
The kicker is.. after waiting until the year 2020, when it finally happens it may go the other way and break out to the top side (36% chance [Bulkowski])......
.....just saying
Edit: Correction...valid from March 2015 not Mid 2014
Last edited by Hoop; 16-06-2017 at 10:06 PM.
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16-06-2017, 10:00 PM
#515
I believe NZ/AUS has some cohesion with PEN and Spot Price U308 charts Hoop.
Both PEN and U308 are narrowing to the breakout point of their Descending Wedges, could still be some time dragging on as you point out, thou it is drawing close to the point of anytime now ....just saying my belief.
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16-06-2017, 10:13 PM
#516
Originally Posted by karlos68
I believe NZ/AUS has some cohesion with PEN and Spot Price U308 charts Hoop.
Both PEN and U308 are narrowing to the breakout point of their Descending Wedges, could still be some time dragging on as you point out, thou it is drawing close to the point of anytime now ....just saying my belief.
Yep ...fair enough...I often use other related and sometimes unrelated variables that correlate together with the subject I'm investigating e.g Copper v DOW used to be leading indicator out of a bear cycle.
cheers
Hoop
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16-06-2017, 10:41 PM
#517
Originally Posted by JBmurc
not really but you know if Labour/Green poll well it would add downward pressure on the NZD >>
Yeah...the mass sentiment could do this (short term effect?)
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17-06-2017, 08:40 AM
#518
Originally Posted by Hoop
Yeah...the mass sentiment could do this (short term effect?)
Bit of comment around about politics and investing - general conclusion from seasoned investors is watch fundamentals, not politics.
Politics just create noise but fundamentals win out in the end
Spose if you are a gambler/trader/punter this noise is good .....but if an investor don't listen to it.
Last edited by winner69; 17-06-2017 at 08:43 AM.
When investors are euphoric, they are incapable of recognising euphoria itself
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19-06-2017, 12:21 PM
#519
Got much bigger lot of AUD today @ .9430
be interesting how the outcome of the yachting affects the cross rate >>>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
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05-07-2017, 12:35 PM
#520
for the record I am still holding AUD/NZD longs. It got close but my stop was only soft and there was no daily close below. Was looking a lot better until the RBA shot their mouth off yesterday. ...... I am increasingly dubious that this will work as time passes without increasing confirmation but these have been large patterns taking over a year and a half so the playing out can also take a similar timeframe. Good point is that anything under 1.04 has not been sustained
For clarity, nothing I say is advice....
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