102 as OH resistance now:
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| USDJPY |
Larger picture, USDJPY is near the edge of a channel that has run since the January 1 "major" Bradley turn.
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| USDJPY channel since 1/1 Bradley turn |
If we do break down, I would speculate (as is the task of this blog) that it would get very nasty into the Spring.
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| SPX 02-16 teh OMG super-bearish |
If the Jaws of Death model describes a reverse symmetrical triangle -- an epic megaphone -- then, according to Bulkowski, we should expect its E wave to be a 3, as was the 2007-2008 bear market. Maybe something like this.
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| SPX 02-16 3Y |
If the rain holds off, I'm going to sneak out tonight to take some night pix of some empty office buildings downtown. Please keep an eye on USDJPY in the meantime.
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Art Berman: Reflections on a Decade of Shale Gas
Art Berman, Labyrinth Consulting Services, Houston, talks to HGS about his research into the economics of drilling and producing unconventional reservoirs in the United States. He discusses the Eagle Ford, Haynesville, Barnett and other shale gas plays. Berman presents graphs that show shale gas uneconomic to drill and produce at current gas prices. He says the public is mislead by energy company statements that gas reserves are large and that companies are making a profit from shale gas.
It's not looking good anywhere.
Where's the Crew Served Weapons?
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