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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (75703)	6/26/2011 12:48:50 PM
From: elmatador	Read Replies (1) \| Respond to of 217927

China interest in the health of the euro. provides a counterbalance to the U.S. dollar and prevents member states from deliberately holding down the value of their currencies to promote exports, as China has done. The effect is marked: China’s trade surplus with the EU swelled by a third in 2010. China makes an uneasy saviour for Europe Jun 24, 2011 15:34 EDT inShare China \| euro zone crisis By John Foley HONG KONG — Expectations that China will help fix the euro zone are writ large as Wen Jiabao, the premier, visits Hungary, Britain and Germany. No wonder: the single currency aids Chinese exports, and buying periphery debt may help win friends on other issues. While China appears to have much to gain, the support isn’t wholly likeable from Europe’s perspective. China has a keen interest in the health of the euro. For one thing it provides a counterbalance to the U.S. dollar. Second, it prevents member states from deliberately holding down the value of their currencies to promote exports, as China has done. The effect is marked: China’s trade surplus with the EU swelled by a third in 2010. China’s interest in the sovereign debt of stricken euro zone countries is real enough, too. While the details of its holdings of foreign debt aren’t made public, Wen Jiabao pledged to buy Greek bonds in October 2010, and unidentified Asian buyers have taken part in some sales of European “stability facility” bonds. This isn’t just charity: yields on European debt outstrip U.S. bonds and investors could make bundles if — if — defaults do not happen. Besides, China’s largesse may win support on other issues. A long-standing bugbear is the EU’s block on military supplies to China. The desire to lift the embargo may explain the release of imprisoned artist and activist Ai Weiwei the day before Wen Jiabao set out on his tour. If China really wanted to help Europe out, it would look to its own currency rather than the euro. While the yuan has appreciated against the dollar over the last twelve months, it has slid 10 percent against the euro and 13 percent against the Hungarian forint. Talk of supporting the eurozone may have perversely strengthened the euro still further. Europe would have had more leverage when China depended on it for investment capital. Now the shoe is on the other foot; China’s much needed assistance makes it harder for the Western trading bloc to push for the things that would really help — like balanced trade. Wen’s support may be genuine, but that doesn’t mean it’s entirely welcome.

To: dvdw© who wrote (75703)	6/26/2011 12:52:41 PM
From: dvdw©	Read Replies (1) \| Respond to of 217927

haim is overly eager to dismiss...message board forensics level bump to 300 no matter here is a gift From: dvdw© 6/13/2011 7:15:28 AM of 434 Israel next to develop Nucleated oil, you know, the kind that the peak oil theory missed. The claims in this article are nearing outrageous, if any of what you've been taught your entire life about oil had an ounce of truth, there would be no oil here. That oil was never a fossil....is the bank. We've said elsewhere, its not this assemblage that unleashed nucleated oil, its a whole other assemblage..... opinion.financialpost.com

To: dvdw© who wrote (75703)	6/26/2011 2:24:37 PM
From: 2MAR$	Respond to of 217927

the argument about oil is changing rapidly, world wide glut is unfolding, and so will we reshape our foreign policy needs The volitile oil/energy trade is a debate especially crossing the minds & charts of many a trader/hedge fund this weekend after the move of IEA reserves release that shook up the already shaken & stirred martini. Though it hardly makes a dent in the total demand , we saw the pull backs in the majors in the XLE anyways . The hypothesis of a "glut" or more of the pricings created are a factor of demand is mishappen by what everyone knows now the 20% premium carried by the speculator activity and now depressed by what is percieved as a global retraction of industrial activity. As long as we muggle along at 2.2-2.5% GDP , the case for the oil glut in the next few years certainly becomes stronger ? Near term the damage was certainly done by QE2 driving up the prices of commodities & oil which peaked in May with "double top" reversals that were witnessed by few here except for moi as the gas prices leaped over that psychological $4 mark for te US consumer . One noted the reversals of many majors after this including AAPL with smart money already slickly moved on over into the defensives , as the market topped again after earnings season & the rebouind after the Japan Tsunami . At this point must point out how well they engineered this after the "Tsunami Bounce" taking the SPX not just back up to 1340 but ran up the SPX again to the high of 1370 into first of May ! This of course was done under Ben's projecting a "recovery" in the 2nd half of '11 but also because they were already massively rotating into the defensives* during that time . The EOY bonuses were already assured on the first post Tsunami Bounce . Did post 5 charts over here on May5th that fell on deaf ears of some of the more experienced chartist on SI ...double tops on the XLE XLB XOM SMH etc etc..no matter to me that these obvious resistance tops were ignored , for i went short those happily Message 27356424

To: dvdw© who wrote (75703)	6/26/2011 2:51:45 PM
From: 2MAR$	Read Replies (1) \| Respond to of 217927

So there's the 1rst of May 2nd "post Tsunami Bounce" on the SPX to 1370 and note the previous 1339 was a double top of its own on the SPX & did pullback . Then look at the XLE just at the same 1rst of May time frame putting in one of the most perfect "double tops" , one could not even begin to ignore but many did . Marvelous action on the part of the big "Street Players" to use this last second rise in the SPX to re-deploy into the defensive plays as they suckered in some more money ? They have been doing this for years & years and have gotten very good at it . ( also just days before this there was the correction in the commodities as the new margin limits were announced ) Oil's hitting fresh new highs, SPX is hitting highs & XLE is putting in this double top within 17c of the previous one...but someone must have been getting VERY concerned about this QE2 speculation driven momo , you'd think ? They were prolly in a dead panic seeing all the equitie value being potentially wiped out by these increased commodity trades..and THEN the truth comes out on employment , housing , industrial slowdown/GDP , consumer sentiment etc etc. And then the latest action with the IEA pulling the rabbit out of the hat---> just as QE2 is ending. Perfect double top here and 50more charts the same: