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MarcinO
Rep: 67
Posts: 5,506
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.

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jimkane
Rep: 3,058
Posts: 33,089
As I was saying...

Originally posted by jimkane

Ready? They're here...
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jimkane
Rep: 3,058
Posts: 33,089
Now, here's a little post for those poor bears, who pinned so much hope on that beautiful ABCD setup, the one that looked as good as it gets. You know, the one that was set up against the desires of the market...

From the movie Rounders, the best trading movie ever:

It hurts, doesn't it?

You can't believe what fell.

All your dreams... dashed.

Hopes down the f#%&ing drain.

Your fate, he is sitting right beside you.
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jimkane
Rep: 3,058
Posts: 33,089
I am not going to be hopeful about any more selling today, but just be aware, this may have been a huge stop pop there, and they may not do any more with it. Not likely, but something I'll be watching for, in case.
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jimkane
Rep: 3,058
Posts: 33,089
I would be kinda shocked, though, if it didn't hit new all-times highs, again, at 95.75-96.75. I also have something at 99.75, so wouldn't that be interesting. After all, it's 'Super Tuesday'.
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jimkane
Rep: 3,058
Posts: 33,089
Interesting... But it will just be another fake out...

Originally posted by jimkane

I am not going to be hopeful about any more selling today, but just be aware, this may have been a huge stop pop there, and they may not do any more with it. Not likely, but something I'll be watching for, in case.
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jimkane
Rep: 3,058
Posts: 33,089
And now up off the TL.
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jimkane
Rep: 3,058
Posts: 33,089
Getting tired of all this dead chop action with 1-min bars of less than 100 contacts. Are you kidding me, less than 100 contracts per minute? 50? 60? This is just nuts. Then a buy program hits, it squirts up, then sits with no volume until the next program. This market is so beyond broken it isn't funny.
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jimkane
Rep: 3,058
Posts: 33,089
At least it rolled over after the TL bounce, to take the line out. But now is that another fake, and now back up? I wish it would just do anything.
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jimkane
Rep: 3,058
Posts: 33,089
If everything was 'normal' this would move to 83 now.
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jimkane
Rep: 3,058
Posts: 33,089
Watch 88.50 here for clues.
ER
EricD
Rep: 63
Posts: 692
I realized it now ..... Thanks Jim .