Here is my chart of the weekend:
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jimkane
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Good point. That one is just so pretty it may get added to the wall in my trading room, in a nice frame.
Originally posted by jarek
Originally posted by jimkane
That frickin' Euro, right off a 1.000 ABCD at .447 and key line, already hit the 1.272 and lower //, some two-hundred and seventy something pips in one shot. Unreal.
I'm not sure if I should show all the ABCDs you are mentioning, or leave some blank for self-study purposes
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jimkane
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Very short-term bearish time now hit. Let's see if they can burst it up and over here, given that they have a 'reason' to do it right now.
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jimkane
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The reason, of course, is that they don't want the bears to regain control here.
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jimkane
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Expecting a stop pop up any time. Just because the bearish time factor just can't be allowed to control this, I think they feel. Those bulls are so demoralized now without the promise of lots more QE money...
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jimkane
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If this has any more to go after that stop pop, and that's looking like a big if in here, 39-40 is my next level.
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jimkane
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Okay, it looks ready to roll over. But, that's how they make things look in chop, too...
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jimkane
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At least it gave me a chance to get back on the short side. But I think it will most likely just range chop.
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jimkane
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42 and 45.50 are my next levels after that 39-40. If they move it out of the range chop. If.
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jimkane
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And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...
http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident
http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident

