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MarcinO
Rep: 67
Posts: 5,506
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.

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jimkane
Rep: 3,058
Posts: 33,089
And they will.
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jimkane
Rep: 3,058
Posts: 33,089
That's what I'm talkin' about!
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jimkane
Rep: 3,058
Posts: 33,089
Let's see what it does at 55.25-56.25.
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jimkane
Rep: 3,058
Posts: 33,089
They better not lose momentum off this 54.25 or they'll be done for the day.
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jimkane
Rep: 3,058
Posts: 33,089
54.25-.50 does have some serious stuff, I just figured it would get to the next level before having even the slightest trouble. I mean, just a bit more and it can start taking those key swing points out. After that, a tiny bit more and it closes at new highs for the 'bulls#%&' market. 'It can do it!'
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jimkane
Rep: 3,058
Posts: 33,089
Given this is a 'quadruple witch' today, expect some possible 'stoo-pid' price action around the close. Just something to consider if holding a position for last minute action.
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jimkane
Rep: 3,058
Posts: 33,089
Get ready for a crazy big burst into the close.
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jimkane
Rep: 3,058
Posts: 33,089
Nope, none of the crazy quad witch closing fireworks. How odd.
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jimkane
Rep: 3,058
Posts: 33,089
For those that are really advanced (really advanced) in my set line work, today had some simply incredible stuff. Absolutely amazing, almost beyond belief. So, do lots of work this weekend and study this, it's pretty cool.
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jimkane
Rep: 3,058
Posts: 33,089
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