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MarcinO
Rep: 67
Posts: 5,506
Gold made an ABCD against previously posted bearish area.

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jimkane
Rep: 3,058
Posts: 33,089
That's it for this dump leg. Now what it does on this obligatory bounce, that's key.
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jimkane
Rep: 3,058
Posts: 33,089
JI
jimkane
Rep: 3,058
Posts: 33,089
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jimkane
Rep: 3,058
Posts: 33,089
Read the above soon, as the site goes dark later tonight for the next three days.
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jimkane
Rep: 3,058
Posts: 33,089
And there goes the ES, straight back up. Too stoo-pid. At least I got the read dead on for the dump, in my opinion.
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jimkane
Rep: 3,058
Posts: 33,089
The technicals of that die pig drop were just amazing. It stopped at a .300, .382, .447, .564, and .886 overlap. The degree of swing was exactly as I suspected. Frequencies. Many other things. Just simply amazing.
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jimkane
Rep: 3,058
Posts: 33,089
ES creeping up on the HOD. No surprise there. This market is just nuts. Imagine how I'll feel as we approach Dow 30K-32K. ES 3400. Imagine that...
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jimkane
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jimkane
Rep: 3,058
Posts: 33,089
One tick from the high. Crazy. These mf-ers are just plain crazy.
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jimkane
Rep: 3,058
Posts: 33,089
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jimkane
Rep: 3,058
Posts: 33,089
Interesting article, but I'm mostly posting it as a reference for this one quote.

"Iceland went through a similar deflationary event to that risked in the US today when its banking system collapsed and the currency halved overnight."

Now, wait, during a deflation their currency got cut in half? No, hold up, wait, all I've ever heard is that during a deflation cash is king, it's super rare, and its buying power increases. Yeah, uh-huh, that's what really happens in the real world. My money gets me more stuff. Uh-huh. Deflation and less buying power. Makes sense.

http://www.zerohedge.com/news/2013-10-12/gold-debt-ceiling-and-fed