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jimkane
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So, will this gap up and then start the run to that say 1425 area from my scenario last week? The time factor I was looking at said by Sunday night or Monday, but you all know I don't weigh the time factors that I do very heavily. Add in the sideways action for a few days and it has either coiled for a fast pop, or the time factor won't come into play at all. As I concluded last week, I thought the odds were perhaps 75/25 that this will head up to that next level, as opposed to this being a topping formation. We shall see soon enough. I'll post the early indications from the spot FX market when they become available.
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jimkane
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Burst to 1403, near the HOD. It will be interesting to see what they do next.
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jimkane
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As a point of curiosity, the NQ broke solidly up and over its entire range. Hard to consider that the ES will break down. I think the ES is most likely to follow, and head up to that 25-30 area (the lines are upsloping, and have been rising since the 25 area was first postulated). I can't wait to see.
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jimkane
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This is getting kinda ridiculous. The NYSE volume was the lowest non-holiday-trading day volume in over a decade. When will this constant volume drop end?
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jimkane
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GRPN, already crushed beyond belief, is down over 20% more in the AH. Unreal. But the market just keeps on goin' up.
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jimkane
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And the VIX continued down, and is at levels last seen in June '07. We all know what happened then... But, this time will be different. This bull has a long ways to go. Just ask anyone. And I mean 'anyone', because everyone is a bull.
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jimkane
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And there's the break to the upside, with huge 1-min volume (for AH) and a crazy 1-min expansion bar. 1407.25. The question now is, is that the big upside stop sweep and now it can dump, or is it simply the start of the move to 1425-30? We shall see. If it is strong, they should pick it up right in here at the breakout level.