Starting it off.

On Friday I overestimated the strength of uptrend in the Euro and ignored importance of 1.13 area.
I have three areas for the current correction to end: 1.1165-75 (just below Friday's LOD), 1.11-1.1110 and 1.1160.
The next level up is around 1.1350.

It's getting tougher for me to 'keep my chin up'. What I've been saying for about eight years now is getting very, very close. Took longer than I thought, and the unfolding will take years and years, but we're close. As Armstrong starts to see what I have been saying all along, that the outcome will be the worst case scenario as they 'consume' all of us entirely before they die from starvation, he has finally coined an appropriate term: Economic Totalitarianism. He hasn't emphasized yet (or if so, only barely) that that will come hand in hand with complete totalitarianism, not just economic. It's too bad humans are what they are...


“Without ‘ethical culture,’ there is no salvation for humanity.”

“Fear or stupidity has always been the basis of most human actions.”

-Albert Einstein


http://armstrongeconomics.com/archives/30145

http://armstrongeconomics.com/archives/30158

It sure 'sees' this super-key area at 2102.75. But, on the other hand, so far the area hasn't been able to check it back much.

First area hit. Euro gave a nice opportunity for a short play to this level this morning.

Originally posted by MarcinO

On Friday I overestimated the strength of uptrend in the Euro and ignored importance of 1.13 area.
I have three areas for the current correction to end: 1.1165-75 (just below Friday's LOD), 1.11-1.1110 and 1.1160.
The next level up is around 1.1350.

Good morning/good night, Jim.

spy will now tell us what it wants to do

What would be crazy awesome is for them to gun it now, back up near the session highs.