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    JI
    jimkane
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    Kickin' it off. The way things are laid out and acting, I'm expecting some serious action this week. Will the Euro trade parity this week, or bounce off this key area? Will crude set a new low for the love, on its journey to the low 30's, or follow the Euro with a bounce? (Sure the Euro could tank and crude still bounce on its own.) Will the ES head down to that (much) lower area, or respect this key area here (for now?) that it just tested twice? Everything is set up for 'big' bounces in here, but will they? What does it say if they don't? All great questions...
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    MarcinO
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    Shorter time frame view on Jim's euro area.
    This is Euro daily.
    Somewhere in here a bounce may start.

    Click image for original size
    6e 2015 03 15 png
    JI
    jimkane
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    Nice chart, Marcin. Thanks for posting that, it's good to have on here for reference.
    JI
    jimkane
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    Too funny on crude. It took out the low for the entire move by... one penny! 43.57 at the low. Crazy. Anyway, just gimme my low 30's and be done with it already.

    Here's a 'curious' one. Gasoline here dropped with the price of crude and XRB. Then in a very short period of time gas at the pump exploded, and with crude now at new lows for the move, pump gas is up just about 50% off its low here in my neck of the woods. 50%!!! I have no explanation, I am simply baffled.
    JI
    jimkane
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    ES and Euro-junk bouncing nicely, as expected. How much they will go remains to be seen, but I still think playing the countertrend bounces in this area is a worthwhile strategy (for the very advanced trader). Some will just pay off with nice singles and doubles, and eventually a home run is likely. But I want to be super in tune with the mannerisms/behaviors because I think it will head down hard again, and likely with little warning. I don't want to be thinking about banging the long side when that occurs. Just my two cents.
    JI
    jimkane
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    Just woke up and checking things. ES up 15.50 off the low. Very nice.
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    MarcinO
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    Euro is advancing pretty nice.
    MA
    MarcinO
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    If Euro breaks above current resistance at 1.0580 mu next levels are: 1.0605, 1.0620-25, 1.0655.
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    MarcinO
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    Madness!
    RA
    rat89
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    ??
    Click image for original size
    screen shot 2015 03 16 at 9 55 24 am png
    MA
    MarcinO
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    HOD is at 1.0629 and gave a nice reaction, but it is on track to hit 55 I guess.
    Originally posted by MarcinO

    If Euro breaks above current resistance at 1.0580 mu next levels are: 1.0605, 1.0620-25, 1.0655.
    JI
    jimkane
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    Yep, time to start heading back down. Too bad the odds seem against that happening. Look at the Russell and MidCaps. But, you never know.

    Originally posted by rat89

    target area hit


    Click image for original size
    screen shot 2015 03 18 at 4 23 55 pm png