JI
jimkane
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Posts: 33,089
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
Rep: 3,058
Posts: 33,089
One more push down on the 1-min, then the obligatory explosive spike up. Same old, same old with these guys.
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jimkane
Rep: 3,058
Posts: 33,089
I'm just not going to get excited here. I can't stand the disappointment...
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jimkane
Rep: 3,058
Posts: 33,089
Brent hit an all-time high in Euros today. This is good for the economy and Joe Average, right? This will help the European crisis, right? I wonder what it will do if Iran really does get attacked? 200? 250? 300? 1,000?
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jimkane
Rep: 3,058
Posts: 33,089
2.75 point range for about 3.50 hours now. Looks like the NYSE will break the 'lowest non-holiday volume in a decade' low from the other day, and by a wide margin if this rate keeps up.



