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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
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jimkane
Rep: 3,058
Posts: 33,089
But, in keeping with how it's been behaving lately, it will probably chop until close. Chop in the low end of the range, as I used to say.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if they can sustain this upside at all now.
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jimkane
Rep: 3,058
Posts: 33,089
Immense price flow around 70.50. How it handles that will be a big clue to see if it can reach the areas I mentioned.
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jimkane
Rep: 3,058
Posts: 33,089
Lots of reasons why this 'should' be done in here, structurally. This will be very technically interesting to me, especially at this time of day.
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jimkane
Rep: 3,058
Posts: 33,089
Anyway, this dip here to 67.25 is where they should come in hard to the upside if that burst up was for real.
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jimkane
Rep: 3,058
Posts: 33,089
The Russell set a fresh six-month low today. This sure has the 'feel' on an intermediate to longer-term top. But it probably won't be...
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jimkane
Rep: 3,058
Posts: 33,089
Probably no one in here noticed, but the wonderful, completely for humankind WFC has been setting new all-time highs regularly and continuously. Way higher than at the 2000 bubble top, way higher than at the peak before the financial crisis hit. Sounds about right.
RA
rat89
Rep: 0
Posts: 7,015
fib from center of yesterday's gap....abcd to the kz....you never know

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screen shot 2014 05 16 at 11 25 40 am png
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jimkane
Rep: 3,058
Posts: 33,089
Sure seems like it won't be happy until it hits that 80ish area.
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jimkane
Rep: 3,058
Posts: 33,089
Nope, they crapped out after that additional push. I'll wait and see what it does in the after-cash, but I'm not expecting anything. Maybe they gun for the area, likely they do little to nothing. This big pop, though, should set this up for a big move in the Sun/Mon/Tues complex, in my experience. We'll see. Whatever it does is fine with me, I just look for setups regardless.
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