down 500 in the last two days!
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Thought I would post a couple of screenshots from the free promotional webinar given by Gann Global that I listened to last night. I do find them very interesting with their historical overlay techniques.
Make of these what you will
http://video.google.com/videoplay?docid=-545930454338776455
http://www.channel4.com/history/microsites/A/ascent-of-money/index.html
A British TV series on dosh/mullah/readies/coin/ etc
I'm torrenting this series... so i can watch it in glorious HD but yeh its on google vids
Some more quotes from a Gann Global page
the four major time periods that W.D. Gann tracked in each market:
- 1. The time period from major top to major top.
2. The time period from major bottom to major bottom.
3. The time period from major bottom to major top.
4. The time period from major top to major bottom.
"You should always figure the time from any top or high level to the next top or high point . Also figure the time from any low level to the next low level. Then figure the time from a low level to a high level and the time from the last high level down to the low level. By doing this, you will know when Time Periods balance or come out about the same as a previous move. This is balancing of time. By knowing these dates and prices, it will help you to determine the duration of the next move.
Since bull and bear markets and the sections within them duplicate decade after decade, Gann referred to it as "balancing of time." He expounded, "By watching the balancing of time and price, it will help you to determine when prices are reaching extreme highs or extreme lows." Knowledge of previous time periods provides confirmation for major tops and bottoms.
You may be able to access the whole thing here....
http://www.gannglobal.com/traders_tu...GGF_Course.htm
SCARY STUFF - - maybe we will soon be obsolete
"Living creatures took millions of years to evolve from amphibians to four-legged mammals - with larger, more complex brains to match. Now an evolving robot has performed a similar trick in hours, thanks to a software "brain" that automatically grows in size and complexity as its physical body develops.
Existing robots cannot usually cope with physical changes - the addition of a sensor or new type of limb, say - without a complete redesign of their control software, which can be time-consuming and expensive.
So artificial intelligence engineer Christopher MacLeod and his colleagues at the Robert Gordon University in Aberdeen, UK, created a robot that adapts to such changes by mimicking biological evolution. "If we want to make really complex humanoid robots with ever more sensors and more complex behaviours, it is critical that they are able to grow in complexity over time - just like biological creatures did," he says."
Read more
http://www.newscientist.com/article/...to-evolve.html
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e.g. Sovereign 3, 4 and 5 year rates have gone up
They were 6.05% and have moved up so that the 5
year rate is now 6.35%.
Source
yeh thinking of locking the mortgage for 5 years at these rates.
Not so fast peat, the trend suggests that rates are lowest in the middle of the year.
Aside from that I believe Bank Direct, Sov and ASB have raised to bring back into line with the others because they were the only only ones without a curve in rates.
OCR announcement next Month and everyone is picking it to be trimmed if not chopped again.
Personally, I'll wait
I've locked in the 6.5% on the mortgage for 5 years now April 12th rollover. BUT, I've also transferred a larger chunk (about a third) to floating so if rates continue to fall I will benefit from that. best of both worlds kind of as long as floating rates dont skyrocket. And even if they do it just means I pay more interest as the repayment stays the same even for that one.
Certainty is good with mortgages
ANNUAL FIB LEVELS
From EWI
How many FX traders are going to this?
Quote:
Originally Posted by Nita