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MarcinO
Rep: 67
Posts: 5,506
The Euro is in a position similar to the one in the Pound.

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6e 2014 05 11 png
JI
jimkane
Rep: 3,058
Posts: 33,089
It just can't get any upside traction at all.
JI
jimkane
Rep: 3,058
Posts: 33,089
At least they've ground it back up to the recent intraday range top. Technically, it really 'should' break up now (very short-term intraday (yes, I know the RTH is over)).
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jimkane
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Posts: 33,089
ES rising nicely.
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MarcinO
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6a 2014 05 14 png
RA
rat89
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Posts: 7,015
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screen shot 2014 05 14 at 10 31 12 am png
RA
rat89
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Posts: 7,015
price has spent hours going basically nowhere
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jimkane
Rep: 3,058
Posts: 33,089
And that, rat, is what I think every day would be like if the manipulators disappeared. That is, once the ES reset to 'fair value', which in my estimation would be around 400. But, of course, that will never be allowed to happen, no matter what. And, once the dollar starts to really lose buying power the ES would likely rise in nominal terms even though the purchasing power of a 'share' would decline (the 'in real terms'). So, we'll never see 'fair value'. Bottom line, without manipulators, the bane (and savior) of my existence, this would be our fate day after day, in my opinion.

Originally posted by rat89

price has spent hours going basically nowhere

JI
jimkane
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Now up in the very short-term? It hardly seems likely. But, it's set up for it...
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rat89
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Posts: 7,015
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screen shot 2014 05 14 at 3 18 31 pm png
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jimkane
Rep: 3,058
Posts: 33,089
Everything of significance I have for the very short-term is lower...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well, I guess that's it for me unless I find something else interesting to post. See ya, the one or two (or none) still reading this.

"I am"... I said
To no one there
And no one heard at all
Not even the chair

-Neil Diamond