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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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    This is why I look at 1.0655, and why this ABCD finished where it finished (hopefully
    ).

    Click image for original size
    6e 2015 03 16 png
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    MarcinO
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    ABCD failed.
    1.0552 is my next level down.
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    jimkane
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    Everything went according to plan. The ES was up 36.75 on the June contract and 37.25 on the March, off the low from the overnight, by my data. All is as it should be. Not much to say for today, it was just a hold from last night and still holding type of play. Some scaling could be justified near the close, according to the methodology.

    Originally posted by jimkane

    Just woke up and checking things. ES up 15.50 off the low. Very nice.
    JI
    jimkane
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    (Edited )
    The interesting question is will it shoot right up to the low 2100's next without pause?
    JI
    jimkane
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    You have to wonder if anyone, ever, will stand up anywhere and just say 'Have we all gone mad? Are you people seeing this?' But it never happens. Imagine being a young couple wanting to buy a house to start a family, making average wages at best, and being faced with that as a first home option. There is no way that is good for society as a whole.

    http://www.zerohedge.com/news/2015-03-15/mortgage-regulation-australian-style
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    MarcinO
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    And the next one at 1.0520. We will see.
    Originally posted by MarcinO

    ABCD failed.
    1.0552 is my next level down.
    MA
    MarcinO
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    I have to readjust my area for the Euro to 1.0660-70.
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    MarcinO
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    Euro ready to break obvious resistance at 1.0615.
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    MarcinO
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    I'm sorry to post any charts, but I've been terribly busy lately.
    My next level, above 1.0665 is at 1.0690-1.07.
    JI
    jimkane
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    It liked the first one. But, it isn't necessarily over just yet...

    Originally posted by MarcinO

    I'm sorry to post any charts, but I've been terribly busy lately.
    My next level, above 1.0665 is at 1.0690-1.07.
    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


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    screen shot 2015 03 18 at 4 23 55 pm png