http://www.elitetrader.com/vb/showthread.php?s=&postid=2303327&highlight=ammo#post2303327 theres a post by mup in the middle of the page on w's and the 88 fib
Told ya, we did the equivalent of 97 cash overnight and that was a nice shortable top so far.... It is possible we repeat it in RTH, but for all practical purposes, this dragon pattern has played out already....
From the WSJ To build a stronger global financial system, we have agreed to prioritize the following issues on the agenda for the Seoul Summit: ⢠Welcome and commit to fully implement within the agreed timeframe the new bank capital and liquidity framework drawn up by the Basel Committee and the Governors and Heads Of Supervision. ⢠Endorsement of the FSBâs recommendations to increase supervisory intensity and effectiveness. ⢠Endorsement of the policy framework, work processes and timelines proposed by the FSB to mitigate the risks posed by Systemically Important Financial Institutions and address the 'too big-to-fail' problems. ⢠Commitment to implement all aspects of the G20 financial regulation agenda, in an internationally consistent and non-discriminatory manner, including the commitments on OTC derivatives, compensation practices and accounting standards and FSB principles on reducing reliance on credit rating agencies. ⢠Further work on macro-prudential policy frameworks, including tools to help mitigate the impact of excessive capital flows; the reflection of the perspective of emerging market economies in financial regulatory reforms, including through increased outreach; commodity derivative markets; shadow banking; and market integrity. ⢠Pursue our work decisively to tackle Non-Cooperative Jurisdictions. Central Planning 2.0 (Capitalist approach)
Instead of $500.000 pay check, it´s a bit more. Got to run to exchange the toilet paper for EUR or JPY