I will start this discussion topic with EURUSD chart.
On Friday it reversed six pips below the zone. I assume it may hold for a while and give some reaction but then it will be crashed.
Just my opinion.

Okay, they didn't close it right on the high tick, on the ask, like I thought they would. That one is a real mystery to me. I simply can't explain why that is. I will see if they do it in the 45 minutes of trading that starts at the bottom of the hour, but they usually don't run it any more during that time on a strong day, so I doubt it will happen then. Anyway, welcome to the U.S.S.A. Long live AmeriKa!

Okay, catch everyone later, at new all-time highs. Like I said, up until Oct-Nov, pull back, up until Jan, some things come in in the 1800's, but I'm liking 2000. Not a prediction, just a road map.

I keep repeating the same mantra, in my own words, and in endless articles. Here's another one. I particularly like how this one explains things:

"Continuing to increase debt at a rate greater than GDP ensures financial collapse. Stopping or slowing down at this point likely leads to the same point. This country has maneuvered itself into a no-escape situation."

"Mathematics, on the other hand, is definitive. There are mathematical limits that control the ability to service debt. Once these limits have been breached, some amount of the debt will be defaulted on. The breach point is referred to as a debt death spiral. The US has passed this mathematical point and is in a death spiral.

The political class in America, either via misguided economic policies or a deliberate attempt to hide the true condition of the country, has put us here. They will continue to employ whatever policies they believe will keep things going for a while longer. The tragic ending has been cast. Economics cannot trump mathematics."

http://www.zerohedge.com/news/2013-07-27/economics-cannot-trump-mathematics

On all the blogs I read I dont see anyone calling the bull dead in here. They all are saying 1720-50.That puts me on guard. In order for one to trade they need to have a "premise", which comes from context. I have a larger cycle date area from 08/09-/08/23...with a heavy confluence on 8/16/2013. It spans back every 666 weeks. Be very patient and wait until things line up. Dont rule out a monster exhuberant buying spike to 1780-1850 either.

In my opinion it is very good to study the history of the markets,,,
The Largest rallies lasting 4-5 years are 1705-1827 days..that puts us in a time frame 11/05/13 -- 03/06/14 using the 03/06/09 low. Just some thoughts are the "BIG BAD BULL"

Thanks, Eric.

I realized it now ..... Thanks Jim .