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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
No charts as I am reinstalling my home PC right now.
JI
jimkane
Rep: 3,058
Posts: 33,089
8.00 is hit, and is drawing the reaction. Let's see if they can shoot for 11 into the close, or if that's it.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, gimme my 11, and then we see. Give it to me, baby.
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jimkane
Rep: 3,058
Posts: 33,089
Sorry, sorry, sorry, the area is centered around 10, not 11, I just read it wrong.
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jimkane
Rep: 3,058
Posts: 33,089
I'd really like a burst to 12-13 to take out that HOD and hit a higher timeframe area. But, this area here might be all it's got. We'll see. All I can say is the area it rose off of was just super-extra-primo.
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jimkane
Rep: 3,058
Posts: 33,089
Here they come. Give it to me, baby.
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jimkane
Rep: 3,058
Posts: 33,089
I think the Euro is ready to resume its move down to that 85-90 area. But, will it do it into Armstrong's Big Bang in Sept, or will it hold and the final runs starts in Sept? Hard to say. All I know is real estate, long overdue to really pop (as in bubble burst), is pretty much ready. Worldwide bubbles need to pop, and that should coincide with our next leg. Houses are so overpriced here, even after the drop, it's crazy. I saw a chart yesterday that showed our median home price is now well above the 2006 peak. I was thinking how we need a long, drawn out contraction, and then Armstrong posts this:





This lines up exactly with what I was thinking was unfolding. We shall see. It's really a tough, tough call to read Armstrong in depth and not think he is pretty much the only guy who has almost all aspects of this dead on (there are some things I totally disagree with, and that bothers me, because either I just don't grasp some concepts, or he is really missing the boat on a few things, and I still lean towards the latter). Hence, I take this chart very seriously.


Source: http://armstrongeconomics.com/2015/02/26/real-estate-the-business-cycle/
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jimkane
Rep: 3,058
Posts: 33,089
2010 was it, dead on the key area and lines.
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jimkane
Rep: 3,058
Posts: 33,089
This is definitely a hold some for the bigger move type of play in my opinion. We'll see what it does after the reopen, but I can't imagine this spectacular area it stopped dead at is going to stop it.
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2015 02 27 at 8 37 39 am png

Click image for original size
screen shot 2015 02 27 at 8 31 02 am png
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jimkane
Rep: 3,058
Posts: 33,089
Nice charts, rat.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, gimme a gun up into the close, just so I know the manipulators are still in the game, as always.