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MarcinO
Rep: 67
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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MarcinO
Rep: 67
Posts: 5,506
Thanks rat. I've learnt a lot from your charts.
RA
rat89
Rep: 0
Posts: 7,015
here's a couple for you



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rat89
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rat89
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Posts: 7,015
very interesting, fib wise......adjusted my blue set from previous chart....let's see exactly what they want to do with this now





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rat89
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hmmm.....nothing is ever going down ever again....that much is clear....but what an interesting spot


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jimkane
Rep: 3,058
Posts: 33,089
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
Rep: 3,058
Posts: 33,089
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
Rep: 3,058
Posts: 33,089
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.
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jimkane
Rep: 3,058
Posts: 33,089
And as if they rang a bell...
RA
rat89
Rep: 0
Posts: 7,015
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
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