Euro is struggling with .447 of the bearish ABCD, but given the 200 days MA and lines slightly beneath the area, even it fails range trading may be expected similar to the one near the C point.

I think it will decide to go up more. It may check back a little bit off this area, and maybe not, but likely just more grinding up. This is ten record days for the DOW in a row today. Welcome to Amerika!

Originally posted by roofer

decide

Click image for original size

Watch this 55.50 very carefully here in case it doesn't just blast to another new high.

Okay, assuming we get the new high (it seems likely), I am looking at 57.75. It also may shoot for 59.75, but that makes less technical sense for various reasons. But, to see 57.75 by the close, say, means, wow, a whole two points from here. Woo-hoo. So, that has me wondering about 59.75. But, this immediate area still could turn it down in a little H&S here.

I also have an additional, very curious reason why I think this should hit 57.75 next and form a swing point at that level, even if a small one. But, it may be done, so we'll see.

Let us not forget this has been a 5 point range for the entire day! Talk about tough trading for daytraders...

Okay, it's 'breaking free'. We should see that 57.75 soon, I suspect.

And there's yet another new 'bulls#%&' market high. Some surprise, that.

Hmmmm, jumping down on the 2-tick game. Interesting.

But, will it sustain? Can it avoid my 57.75? We shall see.

Well, it didn't hit my 57.75 in the RTH, but it may see it on the reopen. It doesn't really matter, it was just some little anomaly I picked up on.

For the first time in history, I think I'm posting more on the upcoming demise I see coming than on trading stuff. Right now I'm just a thorn in everyone's side. Some day I suspect everyone will look back at ol' Crazy Jim and say 'Now I know what Jim meant when he said "If you bet the sun is going to blow up and it does, what do you win???" '

http://www.verifythecpi.com/2013/03/february-2013-cpi-report.html