The Euro is in a position similar to the one in the Pound.
JI
jimkane
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Wow, here's one for you. New record. No, not market highs. How many members have visited the entire public MyPivots site today, in total? Two. Two!!! New all-time highs in the market in a bull running over five years, and one of the biggest forums on the Internet has two members visiting. WTF is going on? In the dotbomb run BigCharts.com sold, if my info is correct, for $80 million. What would that be in today's dollars? And now, less than zero interest in the market... One thing I will say, I hate the manipulation with an unbridled passion, but we will all rue the day it is gone. When it goes, I think the action of the last three hours will be considered an awesome, monster day. Seriously.
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jimkane
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And it's not like the market, despite the bull, is untradeable. I think it is amongst the best trading I've ever seen, or could even imagine. In my opinion, what we've had for years and years now is as good as it gets. The best one could ask for, even in their wildest imagination.
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jimkane
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Okay, here's where they make it look weak and like the break will be down. Let's see what actually happens.
RA
rat89
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they wait til it seems like it's not going to happen, then send it up, throw it down tomorrow and into a new high into the end of the week
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jimkane
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Stops are hit to the downside here. Now the snap up? That would be par for the course. Seems like more downside is coming, but the 'norm' would be the snap up now.
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jimkane
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And this they do on the 1-min and the higher timeframe you reference here. Essentially the same exact pattern.
Originally posted by rat89
they wait til it seems like it's not going to happen, then send it up, throw it down tomorrow and into a new high into the end of the week
