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MarcinO
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Posts: 5,506
Euro stopped at a very interesting area, showing some potential for reversal: bullish ABCD (H4) zone at the same price level as grouping derived from bearish ABCD on D1, at the top of B point and daily MA(50).

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jimkane
Rep: 3,058
Posts: 33,089
Likely a big explosion to the upside. Imagine if, into the close, they wanted to take a run at that previous high...
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jimkane
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Posts: 33,089
I'm still wondering if they aren't about to sell this off hard. Maybe some idiotic sequester news.
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jimkane
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It just seems like it is setting up for something into the close...
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jimkane
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Could this really sell into the close? All I can say is, I think the least likely scenario is that it just chops in this silly range until the end.
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jimkane
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Posts: 33,089
Still seems like it wants to sell...
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jimkane
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Posts: 33,089
Somebody wants to dump this hard, I can just feel it. It may not happen, but somebody wants to do something... This is just not 'normal' behavior...
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jimkane
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Posts: 33,089
Someone wants to dump this...
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jimkane
Rep: 3,058
Posts: 33,089
Now, was that it? The fake snap down, and now up? Or will it follow through? All I know is something is very screwy with how it has been acting.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely right here.
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jimkane
Rep: 3,058
Posts: 33,089
From an intraday standpoint, the trading was over after the AM run. There wasn't much after that. One might have made a case for another long, but I don't see it. Not at that area. So, all my musings here are just for fun, out of boredom. I see something 'weird' going on, and I wonder what's up. I'm not saying any of it to try to catch the move.
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jimkane
Rep: 3,058
Posts: 33,089
Read the links in this (and scroll up and read the article if you want). It's a 'glitch' in human nature that I simply don't understand (and I've been studying it intensively for years) why there isn't total panic, riots in the streets, and so on, like in many other countries. We will not do anything, as a populace, it seems, until we have a total collapse, then we'll be left with ruins and rubbish, and we'll all be saying 'What happened? No one could have seen this coming... What bad luck this is.'

http://www.zerohedge.com/contributed/2013-03-02/cola-changes-pro-and-con#comment-3293759