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jimkane
Rep: 3,058
Posts: 33,089
Champing at the bit. Can't wait for tomorrow. Wish I had a little bigger following with more participation...
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyone notice the Euro has rocketed up over 150 pips about straight up, and is now up on the day? Devalue the heck out of a currency, make the deposit rate negative, and the currency rockets up? Yeah, that makes sense...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, time for the ES to move on up.
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jimkane
Rep: 3,058
Posts: 33,089
And there's 27.75-28.00. Now we see. I though doing more blow-by-blow would be fun, but I'm finding it just cumbersome. I should do like rat and Marcin, just show some key areas, leave it at that. Don't get me wrong, I'm not saying what you guys are doing isn't fantastic, only that you guys are already doing that. I'm trying to bring something else in. But, it's not as fun as it used to be many years ago. Maybe it's also knowing few are seeing it.
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jimkane
Rep: 3,058
Posts: 33,089
It blew the area out handily as I was typing that long missive up there. Which is fine, since I've been long-side bias since I made that read saying I thought that was it.
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jimkane
Rep: 3,058
Posts: 33,089
Now, could this be it here, the old 'last push'? It could be. I'll surely have an eye out for that, as this is a fine place for the short side to reassert itself.
RA
rat89
Rep: 0
Posts: 7,015
gap open, move down, and drive up to .886
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jimkane
Rep: 3,058
Posts: 33,089
Seen that one before, I think...
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jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
Rep: 3,058
Posts: 33,089
It starts to get interesting in the 32-34 range if they can overcome this spot. But, seriously, if they are within a few ticks of another new all-time high, is it going to turn down? I'm not thinking so. If it plans to do any more correcting it needs to turn down here.
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jimkane
Rep: 3,058
Posts: 33,089
My best case scenario is this is a ride until close at new all-time highs. Maybe some dead time in another 1/2 - 1 hour.
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jimkane
Rep: 3,058
Posts: 33,089
Very funny and apropos comment from over at Slope of Hope:

"Please stop using the term "bears". There are no bears. Only bulls and people who used to have money. Comprende?"

Source: http://slopeofhope.com/2014/06/jump-in-the-drink.html#c1760911