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.

This free video from Robert Miner, the trading guru, is "mainstream" and germane. It should put a smile on Jim's face.


http://www.dynamictraders.com/free-tools/free-tools.html

Please let me know if the link does not work.

The video is about 51 minutes, but Bob has a lot to say. Bob spoke in Dallas, TX in early 2007 and I attended his talk. I have said before that buying Jim's Kane Trading products was some of the best money I have ever spent on trading. My attending Robert Miner's 2007 Dallas was also money very well spent, IMO.

Be prepared. Forewarned is forearmed.

Regards,

Al Kamego

Hard to say, the way it's acting. It now 'sees' the key area here and is checking back, but it's trying really hard to disguise its intentions from me. There isn't anything I could really do except see what it does and manage accordingly, but I like to try to read it, and it's trying hard now not to be read, I feel.

Originally posted by jimkane

Hmmm, it doesn't look done.

Originally posted by jimkane

I rather suspect it's done going up.

It's moving up nicely again now. The area I am looking for is around 54.25-56.25, but maybe as high as 58. Until I see the time when it is getting close, and what else develops, I can't really pin it down any better than that. The problem is, based on other factors, it seems like this should correct a bit more, or chop around more, before making the next thrust up. Not only that, the time of day factor doesn't seem right. It 'likes' to push up to new highs in our RTH after a 'get better prices' manipulated drop in the overnight. That has me wondering what they will do here. Up a bit more, then grind down in the night, then up? I'm fine if this just rocks right up to my next area, but it would surprise me, and I'm not really expecting it right away. We shall, indeed, see.

I'm watching the obvious overhead TL that comes in around 50.25-.50 or so for it to play a few games and then perhaps reveal if it will chop or drop a bit.

49.75, just a tad shy of the obvious TL, drew the reaction. Now it sits just a tad above the obvious upsloping TL, with two 'tests' so far.

you have to love what they can do in 3 minutes

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