The Euro made it to a serious support area. The heart of it is around 1.2250 so a deeper move into it might still be in play.



The curious thing about this layout is that it doesn't really matter if we get one, ore more, push to the downside, geometry indicates 1.2330 region as a serious correction level. What's even more interesting, if someone wants to play aorund with Fibs and MLs and adjust it now at 1.2250 (although it has not been hit yet), they will give additional confirmation of the 30s importance.

On another note, here's an Armstrong quote with regards to crude. It's one of the more scary things I've read in awhile. Not that I haven't been saying it for years and years, but to hear someone who is highly respected worldwide say it, well...

"Some people have assumed this is a covert manipulation to bankrupt Russia. This is not true. We are in the last throes of the collapse in Socialism. Everything everyone has counted on is being torn down leaving sheer chaos behind."

Source: http://armstrongeconomics.com/2014/12/08/crude-oil-down-almost-5-today/

ES 'making its play'.

So, the ES may be done, then.

I'm just reading the 'tick wiggles' within the machine grind. Pop it up and over, it may then be done. Just watch the channel here so to speak and see how it handles that.

See? I picked that change off just about dead on when it happened.

It is just nuts the knowledge and skill I have amassed in about 50,000 hours of study (at the end of this month I cross the 50K line...). I'm not bragging at all, I'm just saying when a human being with some modicum of nature ability puts that much into something, well, 'things can get learned'.

Okay, watch the behavior as they come in on this dip, for clues.

The most 'normal' behavior would be chop within the bounds of the LOD and the bounce high, with some 'testing', but when is this market ever normal? Watch the little bullish ABCD here for clues. I know what I expect...

Perhaps my favorite pattern just triggered to the upside on the 1-min.

Got it!

Originally posted by jimkane

Perhaps my favorite pattern just triggered to the upside on the 1-min.

Crude has a super-key TL around 47, and I'd think they'd want to screw with that. Then the key area is around the previous low, 33-36 and change. If crude gets into the 30's I plan to 'go all in' in every way, shape, and form I can on crude. Whether I will have the nerve when the time comes to break the rules and put a goodly portion of my eggs in one basket will remain to be seen. Many will be looking for a repeat of the last time it hit that level, and that worries me tremendously. But, crude staying in the 30's for any period of time? That could only happen if we are in complete collapse mode, and that would have to include China, who would be willing to buy the entire world's supply almost indefinitely at that price. it's all very 'odd'.

Bottom line, crude is at a monster area right now. The 47 TL area is obvious. And the 33-36+ area is known to every person on earth, even the handful of people in indigenous tribes who have never had outside contact. Even they are talking about that level. So, all I can say is, this is ripe for insane levels of games. It's going to be a lot of fun, let me tell you that!