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...

And that's why he's 'The Player'.

Originally posted by jimkane

Not that it matters, but remember 'The Player'? He just told me he's massively long off this area. He's not playing this for new all-time highs, just a snap pop. He did say he is super-wary, and ready to close out at a moments notice if it doesn't sustain from here. Just thought I'd pass that along.

Originally posted by jimkane

I'm thinking this long is really going to pay off.

I'd think the ES would have one more leg here, at least get into the KZ, or perhaps a little higher. I'm pretty happy with what it's done for one day, but it may have another push. We'll see.

Sure acts done, but maybe a little deeper checkback, then another leg.

And there's the new high for the move. Yawn.

Well, I got my one last push, right off a little ABCD. Pretty cool.

The chart isn't all that clear, but it shows the importance of this current level. The chart goes back well over thirty years. I think the low (at the lower left) will eventually be taken out, at which point they dissolve the Euro-sludge as a currency, but that's just my opinion/wish.





Source: http://www.zerohedge.com/news/2015-03-12/why-105-far-more-important-eurusd-parity

To see why I think this, print out the chart and then draw a horizontal line from that low. Then draw a line from the previous peak to the next low. They will want to mess with that. That's my take, anyway.

And yes, that area is in the 50's...

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

Click image for original size