Clickme-> GROUPTATION Asset Group RotationFor Asset Picture. My morning start there, yours too? All Assets Look Very tired To me. Not that they can not go up, but it is all very streched out...
While most of currencies lost against Dollar in last couple months, the SHEKEL is going strong. Such are the speculative juices that when they powerful speculators ( YES, you can only guess who they are... they will not rest until the last DOLLAR is taken out of the MATTRESS and sold to them for nothing) take the currency to these extremes then they will try to hold them there, as they need to unload it to unsuspected bozos. OK , so Israeli people are "EATING UP" the "STRONG SHEKEL", spuring consumerism, story, while at the same time, they are in for rude awakening as their jobs are going out of the window sooner or later, just as it happened to USA in 2000 and as it is starting to happen in EUROPE , due to the strong EURO.
13 comments:
Hello Dear Boris......
Interesting what you say about Israeli jobs. I know people (higher ups) in "high-tech" there that are telling me that they are already training staff in Romania to take over most functions for the firms. The lower down fools haven't a clue that they will soon be unemployed.
xerxes
Dear Xerxes,
I appreciate your comments, I hear the same thing, actually...
The thing is, how is such rampant speculation allowed in currency markets and the answer is simple. The bankers have friends in higher places.
GOod Trading
Hi Boris/All,
oscillators file updated.
Good trading, Ivan
Dear Ivan,
Thanks for the update
Good Trading
Hello Dear Boris...
"The bankers have friends in higher places."
That's what the folks at Hebrew National say as well :-)
xerxes
Boris
The right question is:
"What is with the Israeli goverment and central bank?"
Sharon
Dear Sharon,
They are with speculators... That is as simple as that.
But as Technical traders we can not ignore the AAP configuration that is in front of us
Good Trading
Dear Boris
I must admit that this all issue is a mysterious for me.
2 years ago all Israeli exporters said that under 4.3 Shekel/dollar they become unprofitable. now let see what happend since then. the dememend should go down (newspapers say economy is slowing down) the shekel is stronger by 30% and the oil is up by 150% but Israeli comapnies showing thier best financial performance. maybe we are better than we think?
Sharon
Dear Sharon,
If israely companies were showing their best results, we would not have TA25 down 20 still from the highs.
I think that Manipulation of the "earnings" is rampant and especially in Israel. Remember this is a country where SHARAPOVAS purchase of 1.5 million dollar pehthouse was "ANNOUNCED" without her ever stepping in Netanya?!
I hardly trust any of the company earnings and more so ISRAELY companies.
In any case, Not being that smart I trust only APS. Humans and Markets have proven to me that they are totally not trustworthy. APS tell us that we could get down, easily , perhaps to 3.17 and then 2.90 will become possibel. I do not care why really, but I do not think it is so good for Israel with the strongerst currency in the world. After all we are exporter country?
Remember too currencies work with lagging affects. So, the deals negiated 2-3 years ago are still the contracts in fource, but what will happen when new contracts are written.
In any case, I would put too much money in anybodies explanation why the SHEKEL is storng(including mine), it is strong now and we have the APs to tell where it can go, without any regards why.
FAAP has done nice job attracting the CURRENCY TO IT so far. We shall see if Second AAP will be succesful.
GOod Trading Dear Sharon.
Dear Sharon,Readers,
One observation I am ready to stick with is that due to the deviation from other currencies against Dollar, it may well be thatt there is some big political and/or speculative event going on that will become clear after the situaion is over. We just need to watch the APs and trust them.
Good Trading
Dear Boris
Thanks for the answer.
Did you change your target for shekel (2008- 3.9 , 2009- 4.2, 2012-4.8) ?
Sharon
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Dear Sharon,
Roughly speaking say SHEKEL stops 3.2 then we can picture 62% retrace of the decline 425-320=1.05
105, 320+63=383... looks reasonable to me
good trading
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