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jimkane
Rep: 3,058
Posts: 33,089
I'll get it started. This is a holiday week, and for me, that sucks. I am wont to say 'I have no life'. But, I just realized, I don't feel that way at all. My life is the market. What I really mean is 'Outside the market, I have no life'. So, when holidays hit, I kind of hate it. Sometime I even hate weekends. With Sundays (if there is some action), at least I have only one day to muddle through.

Now, as usual, things are on target in the never-ending march onward and upward. I hope I live long enough to see the day when this whole thing implodes, but I suspect maybe I won't. A combination of simply surrealistic ability to extend and pretend combined with my health/luck, and I'll probably kick the bucket the day before it gives way. So, take that as an indicator. If you hear I'm in the big trading pit in the sky, short the heck out of this baby.
Anyway, all joking aside, take a look at this headline:





Here's the link to the full article: http://evilspeculator.com/?p=39382 One of the main takeaways is something I read about years ago. We are not wired for all this information, or our lifestyles. We are wired to walk around with sticks, and never see more than fifty people in our lifetime. As an aside, they did a physiological study that showed every time we see an unfamiliar face, even in a magazine, picture, on TV, etc., we get stressed (even the most calm, confident, happy go luck people, perhaps just less). When we walk down a crowded street and see hundreds of faces we stress, cumulatively, quite a lot, even though we don't sense it. Over time, this takes its toll (with, of course, many other factors like the insane pollution, and chemicals in everything we touch and get our food in. How's that 50% cancer rate looking now?).

We are not wired for this life. That's why headlines like this are appearing right on schedule, and we can expect they always will, like clockwork. This will never change, Our job, if we are to be successful speculators/traders, is to work that to our advantage, and not get sucked in. That is why one of my biggest pet peeves is to see 'traders', some well-respected amongst the amateurs, getting all caught up in the frenzy. It's why I make posts where I sound like I'm super-duper bullish. It's like 'satirical'. It's meant to show what asses those people look like. To bring attention to the concept. I hope my readers get this.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, my levels are about 2.50-.75, 4.00-4.50, and 6.25-.50.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch close as the ABCD at the first level is hit. I can't imagine that stopping it. Pretty amazing how it closed cash right there.
JI
jimkane
Rep: 3,058
Posts: 33,089
PCLN another new all-time high, at over 1165!
JI
jimkane
Rep: 3,058
Posts: 33,089
It's going to be really curious to see if they roll it off this area, or just bring it in to the standard area, and then up and over. I'm just wildly technically curious to see what they do here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Brought it right back to the standard area (do the work, it's super-obvious), and up. Now close to the third posted area. Quite nice, and an easy entry off that pullback.
JI
jimkane
Rep: 3,058
Posts: 33,089
If this is to continue to go up I'd prefer they take this pullback here around 3.50, but if not, there is a fantastic area around 1.75-3.00. What I don't like is that that would form a near perfect symmetrical inverted H&S, and that's too obvious. And, of course, I'd rather all this fail and it goes lower, but get serious...
MA
MarcinO
Rep: 67
Posts: 5,506
The Pound. Potential ABCD to KZ.

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6b 2013 11 26 2 png
MA
MarcinO
Rep: 67
Posts: 5,506
Is it going to be a deep W2 to the LOD from yesterday?

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es 2013 11 26 png
RA
rat89
Rep: 0
Posts: 7,015
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screen shot 2013 11 26 at 11 30 09 am png

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screen shot 2013 11 26 at 11 30 16 am png
MA
MarcinO
Rep: 67
Posts: 5,506
Any troubles at 1806?

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es 2013 11 26 resistance png
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah, bitcoin 1242. I think it may reach a million, or more.