Kickin' it off. Should be another crazy week. Each week seems crazier than the last, and not as crazy as the upcoming week will be...

Yes. We are close to the par and that's only the beginning.

I hope you are serious and not joking when you say that. I think it may be fraught with some vicious bounces on the way, though, as they play games and try to keep the status quo going.

I'm very serious.

Done now or one more little push down?

117.28 - 144.24 = .447 at 132.19
133.81 - 137.08 = 1.618 at 131.79
The 3x always overshoots the underlying, in this case spy

when price gets to the key area, trade

overnight target hit

Nice charts, crew. That's about all I'm good for lately, a few 'Nice charts, crew' posts...

That's enough, Jim. No worries.
We know you must be very busy if you don't post as much as usual.

Euro-trash hits a 106 handle today. I wish it would just head right on down into the 80's. I have the area laid out, and the timing would be nice into the fall, but I honestly just can't see it, no matter how hard I try. I want crude in the low 30's and the Euro in the 80's ASAFP. That's just me. But I think the games will stretch it out quite a long time before I have succor.

Nice work, rat. I think it's headed to that upper parallel area as the Euro winds down and ceases to exist, but likely not without some dips.

Originally posted by rat89

uup bigger picture - swing from 21.77 - 27.01 targeted 21.10 - 20.36 .... price went to 20.84, then bounced, taking three years to come back to key area where 21.77 - 27.01 = 1.128 a 21.10, and 20.84 - 23.14 = .886 at 21.10. Now you price is heading to the median line, where 27.01 - 20.84 = .886 at 26.31. Keep in mind this set is drawn in a way I would not on an index, crossing through the lower low in early 2011. Also keep in mind that the median line is the first target. Price could turn back, coil there, or slice through, and there are targets at 27.80, 28.68, 29.85, 30.82, and 33.18. The main takeaway is that this helps illustrate that none of these moves we see that seem so surprising really are.....they all make sense within the parameters of the bigger context

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