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JA
jarek
Rep: 94
Posts: 3,474
I wanted to show some charts but was not able to attach any files. Probably some technical glitches over the weekend...
JI
jimkane
Rep: 3,058
Posts: 33,089
Guy is transitioning the forum to the new software this weekend and throughout the upcoming week, so expect some potential glitches and things that are different than the old forum.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice start to the week. Dollar is down, futures are up strongly. Hmmm, seems like nothing ever changes. The trapped rat sprang out of that corner the first chance he got... Let's see if they can maintain this here, or not.
JI
jimkane
Rep: 3,058
Posts: 33,089
Just 4.75 from another new 'bull market' high...
JI
jimkane
Rep: 3,058
Posts: 33,089
There's the break to the upside, again. Now up 7.50 and rising. Not bad. Did everyone see the little ABCD at 95 at that .300?
JI
jimkane
Rep: 3,058
Posts: 33,089
So, will they hammer the USD tomorrow some more and run this up to that 1118 area? That would be a big push up. Or will that 1107-09ish area cap it for the day (then up the following day?). How low can the dollar go? If the dollar gets to say that 35 area from the current 75 area, where will the S&P be? How happy will Bernquacke and Tiny Tim be? Those are the questions we must examine.
ER
EricD
Rep: 63
Posts: 692
we seen this script before Jim. Up on Monday, and then "Turnaround Tuesday"...or may be the usual.."Fast and Furious Wednesday". Cant wait to see what happens the next three days. How crazy will it be if the exact high falls on the corresponding date. That will be something to talk about across all of the forums.
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, I for one would be surprised if we don't see 1118 tomorrow, and even more surprised if we don't see it tomorrow if we then don't see it by Tuesday. The big question to me is what happens from there.
ER
EricD
Rep: 63
Posts: 692
Lets get it over with Jim...hit the well awaited area and lets play.
MR
mreiserer
Rep: 110
Posts: 2,220
With Obama in China it's fitting to weaken the dollar some more :)
MR
mreiserer
Rep: 110
Posts: 2,220
pound for pound the dollar gets weaker....
MA
Mats
Rep: 100
Posts: 262
Well Jim as you have said in your books depending on timeframe.

My thougts for now i that we maybe have a correction from that
5 wave down on 60 min.

But we will maybe have another BC and CD leg from that.

I was on globex 5 min and normal 1 min when I posted this day
(evening in Sweden).

Very nice on 5 min globex.
What was caught my atention was the corrective 5 wave down
in the CD leg

Well globex seems to be equal important.

In longer terms I think it is up, it has never made a correction
yet that will say it has changed direction.

Mats