Kicking it off. I'm expecting another insane week, and many more to come, as this thing starts to unravel.

This is the most relentless buying I can recall in a long time.

Under normal conditions I'd say that was a buying climax right there. Now, I'd say add a zillion contracts right at this high and you'll probably be safe. Yes, that's sarcastic, but you get the point.

rescued it.....and there's the line again

I'm cautious here because I think they may want to save that next high for later, but I'm only slightly cautious. They could take this TL and both those monster highs in two seconds flat.

I wonder what the 'news' was (Greece?) that popped this?

as always, they parked it in an interesting spot:

Originally posted by jimkane

I wonder what the 'news' was (Greece?) that popped this?

Like I said... FT headline about this great new deal for Greece. The world is saved!





Source: http://www.zerohedge.com/news/2015-02-02/early-dip-becomes-manic-rip-after-fts-greek-non-haircut-haircut-article

A great comment by Armstrong. Look beyond his grammar, as usual.

"Anyone who claims to be not a doom and gloomer is either a sublime idiot or a fool in denial."


Source: http://armstrongeconomics.com/2015/02/02/the-coming-solution-conference/

Cable.
Similar idea and timing as for the Euro.

forget greece..... As we know geometry always leads the news! Even I was lulled into looking short yesterday after seeing the targets get hit Friday and yesterday. Complex abcd to the kz.....nothing more, nothing less.....and don't be short into an employment report.....just not that hard, is it, if we're paying attention!




And at the turn:

That was a nice reaction off the 15-min ABCD into the close. Another nice day for trading, in my opinion.