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).
JI
jimkane
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This is an area to watch, although I agree with rat, the likelihood of anything ever going down again seems pretty slim. The Dow is now within spitting distance of the new all-time high. While before I thought it might end without that being hit to fool the maximum number of people, now I see essentially zero chance of it not being hit. They need the headline.
JI
jimkane
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1532 (a new high for the 'bulls#%&' market, too) by the close of RTH trading would have some harmonicities to it. I'm not sure if they've got anything like that left in them, but it would be cool, technically.
JI
jimkane
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I just can't see the ES selling into the close, I mean, when do we ever see that nowadays. But, this area is something to keep an eye on.
RA
rat89
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spy took out the last high by a penny? now what? 155? 148? what is this big W the past few days? something to shake everyone out in both directions before a move?
JI
jimkane
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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
http://www.zerohedge.com/contributed/2013-03-02/cola-changes-pro-and-con#comment-3293759






