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jimkane
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Posts: 33,089
I wouldn't count on any downside anytime soon, but the case for it keeps getting stronger and stronger...
http://slopeofhope.com/2012/03/a-euro-a-yen-gisele.html
http://slopeofhope.com/2012/03/a-euro-a-yen-gisele.html
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jimkane
Rep: 3,058
Posts: 33,089
And the futures open... up. What a surprise. Let's see if it sustains. Sometimes when they open and jump up that's it, and it's down from there. They like to bring them in at first for a better price, then grind them up all night. So, a quick pop open may indicate the opposite, especially the way Sunday nights have been going recently. I can't wait to see what they do with it from here.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, that's a good sign. A big illiquidity pop up. I'm liking this. Everyone should have figured out by now from the explosive ramp on Friday that my bias is strongly 'up'.
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jimkane
Rep: 3,058
Posts: 33,089
Then around 1402. But, likely, I see nothing but blue sky and new highs coming, and soon.
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jimkane
Rep: 3,058
Posts: 33,089
The curious thing is how much this looks like it is going to dump hard off this 98. When have we seen that before?
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jimkane
Rep: 3,058
Posts: 33,089
This sure looks like it wants to head down to give them better prices...
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jimkane
Rep: 3,058
Posts: 33,089
Watch the ABCD at 93.50-94.00, and then perhaps 91.00-.75, and 89.50-.75. The key .447 is at 90.18.
