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.
JI
jimkane
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It's so funny to say there is a 'market' anymore. If they shut down the HFT I think they'd basically have to close all the exchanges, electronic or otherwise.
http://www.zerohedge.com/news/2013-03-13/nyse-volume-lowest-2013
http://www.zerohedge.com/news/2013-03-13/nyse-volume-lowest-2013
JI
jimkane
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Great, a nice pop off that, but will it sustain? Hard for me to say, it seems to just be coiling between small areas in here, playing ping pong.
JI
jimkane
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This 49.75 is the next point in 'the coil', so to speak. We shall see.
JI
jimkane
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Posts: 33,089
I'd like to at least see 52-53 in the after-cash or aftermarket, but it may dump off here and keep playing the coil game.
JI
jimkane
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And it drops just about to an obvious TL and bounces and takes out the most recent little swing-high. Amazing the games. Now let's see if that was just some closing gamesmanship, or if they can get to that 52-53 now.
JI
jimkane
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Posts: 33,089
51. Back at the HOD. Three ticks (well, and then another tick to set it) from the new 'bulls#%&' market high. You go, Boy.
JI
jimkane
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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
http://www.verifythecpi.com/2013/03/february-2013-cpi-report.html
