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THE CHART ROOM


johnyholiday

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Wonder where the USA stock market is ?early expansion? stocks an commodities can run higher together ,tech is having a good run, trading silicon chips ,for oil to countries full of sand, which silicon chips are made of,<=selling ice to Eskimos,dollars been going down for years, never hurt the stock market yet,blah blah......or ?late expansion? A sea-change in taxation, elimination of favorable tax treatment of capital gains, backlash against the rich, tax hikes the weapon , Huge tax hikes will destroy the market, worldwide bursting of insane China~India~everything else bubble, millions of utterly naive new investors will be wiped out, massive political swing to the left, including the re-emergence of cold war foes, the re-emerging labor unions, high taxes, anti-business legislation, and some form of socialism lite in the U.S., worship of the rich is the apex of the plutocracy that has taken decades to establish ..in the fullness of time we shall see.......~$~ all disclaimers apply ~$~

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It is what it is ,the dollar had to be sacrificed by the Fed,the trade is so one sided makes you wonder if there will be a bounce back to the neckline a retest,if the neckline holds, looks like ~60 will be the target,.....there is specs everywhere dollar, gold, oil,China, India......~$~ all disclaimers apply ~$~

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Commentators are crying about the Dollar falling, calling this drop a big crisis, the sky is falling, concrete shoes,TNT... yak ity yak ....well johny has news too..... i am the writer.... i am the news....i run this town..... i can ruin you.... oversold levels!!.......can it move lower? Yes, but would happen on panic selling........ this is an oversold condition......a what if ?>> what if the oil market tops at par {$100}, gold tops, and the dollar bounces, on a intermediate term, would that signal a stock market blast off ~$~ all disclaimers apply ~$~ PS USA exports are twice as big as the housing market ever was, so a weakened behaved dollar is not a crisis in equities

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TOP SECRET.... Here is the real dollar,,,,,, but the media goes by what the dollar is doing against the Euro, an who knows maybe the Euro is over valued, they have been doing well across the pond including the Britt's ...."right oh chaps" <thats johny talken to ya....... A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners.

Broad currency index includes the Euro Area, Canada, Japan, Mexico, China, United Kingdom, Taiwan, Korea, Singapore, Hong Kong, Malaysia, Brazil, Switzerland, Thailand, Philippines, Australia, Indonesia, India, Israel, Saudi Arabia, Russia, Sweden, Argentina, Venezuela, Chile and Colombia..... so bring on the fear of erroneous media machine reports an the wrong charts ~$~ all disclaimers apply ~$~

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Don't get snookered ....there is an average of 700# of copper in the average USA house an for making other goodies like airplanes,,, {things that work} thats what help copper run up, but the housing bubble is bust, copper it an't pretty, an't sexy like gold, but is a non-ferrous metal, just like gold, copper always has swung around it's median, why wouldn't gold?or will it? in the fullness of time ~$~ all disclaimers apply ~$~

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Let johny make the case

Hong Kong - Hang Seng (HASE) Close: 28 913.35.....let use the Hang Seng as a proxy for China ,even though mainland China money is not suppose to be in Hong Kong it is a truth,{their working to change that fact} it is rolling over ~$~ all disclaimers apply ~$~

short term ~$~ all disclaimers apply ~$~

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Let johny make the case

s&p 500 (SP500) .......now it is true the S&P is correcting an the financial sector{financials are in a bear market, they lost other peoples money} is going down to ~12% of the S&P index ,which is were it should be, it's median price for over 25 years, instead of ~23% of the index when the dust settles, the good old USA is going to look good P/E wise {price earnings ratio} at ~ 14-16 P/E, an safe because of are markets transparency, an orderly behavior ~$~ all disclaimers apply ~$~

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Let johny make the case

s&p 500 (SP500) .......now it is true the S&P is correcting an the financial sector{financials are in a bear market, they lost other peoples money} is going down to ~12% of the S&P index ,which is were it should be, it's median price for over 25 years, instead of ~23% of the index when the dust settles, the good old USA is going to look good P/E {price earnings ratio} wise at ~ 14 P/E an safe because of are markets transparency an orderly behavior ~$~ all disclaimers apply

short term ~$~ all disclaimers apply ~$~

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