hi Piters thanks for posting the divergence docs yesterday. I had a lot of spare time today so read through them. The Pring and John Hayden pieces were really good. much appreciated.

Auslanco - GBP/JPY and GBP/USD (newstrade)

151.5 looks like a good target. But we may see 150 -149.7 if the GU drops in London session. That's a really nice chart. Did you draw the Gartly lines on the indicator window or is that an indi?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Lunch time is 12:30 in Tokyo, everyone gets the morning blahs around 11 so it slows down, and then we get a little burst around 12 right before lunch (now). so funny.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Watch the GU support levels as well.

Auslanco - GBP/JPY and GBP/USD (newstrade)

the GU is testing 6215. I was looking at the wrong pair for support. lol

Auslanco - GBP/JPY and GBP/USD (newstrade)

we may get a bounce at 142. strong support on the Daily. Eulogy is right. that's an exhaustion point.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I agree. Nikkei is not going to buck the trend, but they're not going to break support too vigorously. BOJ has practiced considerable restraint on intervention. As long as we play above 90 UJ, fair game.

Auslanco - GBP/JPY and GBP/USD (newstrade)

can't do it. you're an addict. lol... 1 trillion posts later they'll have your brain next to Walt Disney's projecting calls from half life.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I know, I was a developer for many years. (that's probably why you hear me talk about housing news most ) Here in Tokyo there are huge projects going up that were on the drawing board from the 80's bubble. It's a completely different momentum, so ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Dewey Dakin 54 year commodity cycle or Kondratieff 50 year. We're starting the upswing.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I thought Colonial was a protected bankruptcy prior to the sale. Was it a straight sale?

Auslanco - GBP/JPY and GBP/USD (newstrade)

I hope things pick up for him. Apparently in California, they're buying land again for development (at least in Sacramento) so it seems to be picking up a bit. Also they're starting construction on the headland next to my property in Oregon. 150 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

It's like a chapter 11. They are allieviated of bad debts, but depositors are safe. All lower tier creditors on the banks investments don't get paid. So in effect the debt is now a loss on someone else's books.

Auslanco - GBP/JPY and GBP/USD (newstrade)

actually 10% to 25% of original asking price for many. so 10 cents on the dollar! they're selling off entire development communities in Florida and the other boom gome bust areas.

Auslanco - GBP/JPY and GBP/USD (newstrade)

this is why. posted it earlier.

Auslanco - GBP/JPY and GBP/USD (newstrade)

cheers! waiting for my wave then I'll ride it in style

Auslanco - GBP/JPY and GBP/USD (newstrade)

I don't think so, it's a soft number. they don't firm it up until the factory orders report. the cynic in me thinks it was probably boosted to soften the core durable news and then they'll downgrade it later.

Auslanco - GBP/JPY and GBP/USD (newstrade)

it happens. durables are up and core durables down. so the spike went both ways! lol

Auslanco - GBP/JPY and GBP/USD (newstrade)

not always... fundis are the hardest thing to understand because they are very nuanced. Sometimes the dollar and yen get weaker on good news because risk appetite stregnthens, other times not. sometimes the GY follows the GU, sometimes the DJ. I ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Fundis — Today's news might advance the bulls. We already know Core Durables will be up, but there's also an aspect to New Home sales that could boost the numbers. It includes developer homes/communites sold short. Quite a lot of developed ...

Auslanco - GBP/JPY and GBP/USD (newstrade)