JI
jimkane
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Posts: 33,089
The key area is now 56-60, give or take. I doubt it will turn it, but it is the next area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Everything really looks poised to move up strongly. I'm not sure if that is the trap, or not, but it really all looks ready to move.
JI
jimkane
Rep: 3,058
Posts: 33,089
Sure looks like the Aussie and Euro want another 100 pips, and CL wants say 92. You know about where that would put the ES. As much as I'd like to see the ES roll over here after this 5-wave up into the 56-60 area (55 is close enough...), the way the other risk assets look, I'm not seeing it. This will be very interesting. Good night, all.
RA
rat89
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Posts: 7,015
perfect kane abcd to the .447 at 132.60 within 2¢
big area up there with levels at 138.14, 138.84, 139.28 and of course 139.77
big area up there with levels at 138.14, 138.84, 139.28 and of course 139.77
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RA
rat89
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Posts: 7,015
.447 again......this is awesome if it's the setup to drive it higher
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AL
albert
Rep: 99
Posts: 3,094
Originally posted by rat89
.886 on gap on 5 at the low so far...
Cool charts, rat. ".886 on gap on 5" sure enough. Also, in the overnight GLOBEX, I see a 1.128 DBS and several of those Spike Lines. This market dropped thru all of that. Simply Amazing.
Al Kamego
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Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
That's what I wonder, too, rat. But beyond the lunacy of all that, my biggest concern is all the people who have just some small amount of savings, fighting the dropping standard of living since around 1972 in real terms, and they are being forced by the Fed to seek yield in much riskier investments. Say they are retired or near retired. Imagine being 70 and having to put all your money in the stock market because real yields are now negative. The Fed is doing that on purpose, and admits such. Force people into the market when that is not an appropriate investment for them. This is sick and twisted.
And then along come the propaganda cheerleaders, from all the TV financial shows, to the endless analysts, to guys like Carl. If you are not part of the solution, you are part of the problem. His endless bullish drivel motivates a certain number of people to get long the market from an investment standpoint. He spews propaganda for the evildoers. And that is what I take issue with. Him and all the rest.
And then along come the propaganda cheerleaders, from all the TV financial shows, to the endless analysts, to guys like Carl. If you are not part of the solution, you are part of the problem. His endless bullish drivel motivates a certain number of people to get long the market from an investment standpoint. He spews propaganda for the evildoers. And that is what I take issue with. Him and all the rest.