Technician
Long

Dump U.S, Jump Europe? Europe is on Fire! #dax #cac #ftse

1834 27 25
The arithmetic mean or average for the four biggest European equity markets have broken long term key levels, signalling a potential a sustainable long term bull market for the years ahead. Dump U.S. , Jump Europe?


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This is a smart chart.
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Title is missleading.

When you compare indexes *both priced in USD* we are far from the "jump EU"... US are still way better.

snapshot
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Technician TOP J.Livermore
U.S. was better. will no longer be better. IMO
+1 Reply
MuathAlBulbul Technician
Do you think EURUSD is going up soon? Can you please look at this chart?
Also, what usually happens at G7 meetings? There is one on 17th of March. Can this be the time of the reversal for Euro?

http://s21.postimg.org/ky0mnvlyf/EURUSD.png
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Marc_lux MuathAlBulbul
snapshot


My take: I am inclined to the chart author's opinion. USD is on it's peak IMHO. Euro will rise in the coming years.

Old chart/discussion, but I think in the US election environment, this might become a big topic again.
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J.Livermore PRO J.Livermore
sorry small glitch in the graph, here's a better one.

snapshot
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Technician TOP J.Livermore
Yeah, but that's history. I am talking about the future now
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yeah but look, even with the breakout, EU indexes priced USD are still bearish.
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Technician TOP J.Livermore
Starting from now i see Europe outperforming U.S. SO WHAT THE HELL IS MISLEADING HERE ABOUT A PERSONAL VIEW OR FORECAST?
+1 Reply
I was just pointing the fact the EU outperform could be only mechanical considering EURUSD... well you get my point, I was just adding food for tought.

Sorry sir, it wasn't mean to offend you, your insights are greatly appreciated.
+1 Reply
Technician TOP J.Livermore
I don't have issues with roughly criticizing my ideas or having an opposite view, no problems at all, but its different when you say misleading. Anyway, thanks for your input
+1 Reply
As you could see I'm not english native and sometimes I don't use proper words to express my opinion. Sorry.
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Technician TOP J.Livermore
aha, okay no issues, thanks :)
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caputo.philip J.Livermore
Why would you price the European market in USD?
They just started their own QE program priced in Euros...we know what that has done for the US stock market when the Fed did the QE program here in the states...the European market is due for a steady increase over the next couple of years.
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J.Livermore PRO caputo.philip
Why would I price the EU market in USD?

Because anybody/investors has the possibility to sit on USD Cash.

It would have been a better decision than pouring them in bearish medium-long term EU indexes (priced in USD).

And the best decision was to put them in US indexes, equities.

European QE is pushing EU indexes to new highs, but it looks like it's just mecanical with a weak EURUSD, It's not structural. But time will tell. So far it's a fail.
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jimmy_hongkong J.Livermore
JL, is that a comparison between USD and S&P 500?
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J.Livermore PRO jimmy_hongkong
No it's a comparison between EU indexes basket priced in USD and S&P500 priced in USD.
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J.Livermore PRO J.Livermore
With US indexes doing new ATH and Europe struggling hard, I remember this idea posted long time ago. Looks like I was right to compare indexes based on USD prices.

I showed that EUROPE was in downtrend and US in uptrend (USD-wise), that's why the title was a bit incorrect. No europe wasn't in fire when you could choose to invest in US indexes with $$

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J.Livermore PRO J.Livermore
snapshot
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Technician TOP J.Livermore
ok !?! Good.
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Note that it is only GER30, not whole europe
-2 Reply
For those experienced and inexperienced traders as a warning
http://www.moneynews.com/MKTNewsIntl/stock-market-crash-warren-buffett-indicator/2014/10/03/id/598461/?dkt_nbr=ufos34vz&utm_source=taboola&utm_medium=referral
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2use Barabaszek
Another system ad - dont click
+1 Reply
Read comments known market players do not interest me "miraculous" systems and not what I meant.
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Barabaszek Barabaszek
I am far from buying "miracle systems" and absolutely do not recommend to anyone.
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what the hell
.. 5 years SMA
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nice chart, thanks for idea. Looks like its just about to approach a temporary resistance, should pull back a few hundred points.
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