Just over 21 hours and change... I can't wait.

As soon as I got that posted, it did a burst up. 15.50 hit, and it's ready to continue, I think. It has to prove itself, though, so we shall see going forward. Key lines coming up.

Yes, and how few profited from their patents. Reminded me of trading.

Originally posted by rat89

I like the description of all the various ways to kill a mouse

I can't imagine, and I have a great imagination I think, that this won't get to 22.75-23.50 very soon. Let's first see how it handles the lines here and that 18-19 just overhead (the lines moved down through the night, since this has taken so long to get here), though.

Originally posted by jimkane

Here are my levels on the upside:

18-19

22.75-23.50

27.00-30.50 (hard to pin this one down any better this early on)

If this does start to make a move up, I think the odds are very high it will 'like' getting to the middle level. I need to see how it does this and how it acts to decide if I think it will continue on from there or check back off this level, and so on.

Remember, too, that there is a very short-term level I posted at 13.75-15.50, which, for me, is more about seeing what it does there than anything else. If that level, going into the next day here, capped this move, that would imply severe weakness to me. Lots of clues coming, but I'm going to sleep through them, so I'll have to see what decisions it has made in the overnight, and go from there. I've got nothing in me to pull an all-nighter...

18.00 hit. Now we get some clues.

I can't say how critical this decision at 18.00 is...

It's not like I didn't post this level way, way in advance...

.382/.447 checkback in here. Let's see.

This is real interesting:

http://www.zerohedge.com/news/ecbs-balance-sheet-hits-new-record-highs-fair-eurusd-value-900-pips-lower


The conclusion, to me, of course, is not that the Euro will head lower, but that the Fed will print the $400 billion (announced at the next meeting?) and bring the curve up to meet the other line.

Holy crap! News?

Germany just got downgraded. Germany!