On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.

You are absolutely right, Jim, but I still believe that the Euro is a much better investment.
Just look at the quality paper it is printed on.

I'm watching Bloomberg, and they are running a segment now titled 'Signs of positivity in the market'. How much SHOP is up today on its IPO debut is one of the items they list. Good stuff.

Oh, yeah, the paper is very good stuff. Much better paper than the USD. Maybe the Mexican peso has almost as good of quality paper, but probably not the Zimbabwe dollar. I think their paper is still fairly low grade. Yes, the Euro it is. Hey, maybe I can buy a bunch more SHOP with some Euros that I traded up to with my Zimbabwe dollars?

Originally posted by MarcinO

You are absolutely right, Jim, but I still believe that the Euro is a much better investment.
Just look at the quality paper it is printed on.

It was cool how your area stopped it dead in its tracks.

Originally posted by MarcinO

1.1050 (well without 16 pips, I have to admit

) works up to now. Volume at this support is enormous, as if they want to absorb all short positions, so I guess we will see 1.1240 tomorrow morning.

Click image for original size

I have to admit I overestimated Zimbabwe dollar paper and I bought a couple of trucks of this money (the higherst notional banknotes of course) for about 100 Euro, but somehow I didn't profit.

Originally posted by jimkane

Oh, yeah, the paper is very good stuff. Much better paper than the USD. Maybe the Mexican peso has almost as good of quality paper, but probably not the Zimbabwe dollar. I think their paper is still fairly low grade. Yes, the Euro it is. Hey, maybe I can buy a bunch more SHOP with some Euros that I traded up to with my Zimbabwe dollars?

Originally posted by MarcinO

You are absolutely right, Jim, but I still believe that the Euro is a much better investment.
Just look at the quality paper it is printed on.

I hope it will produce much better reaction than right now.
If it was around European or American open I would say, looking at the structure, it is ready to explode any minute now, but taking into account time of the daty we need to wait till tomorrow.

Originally posted by jimkane

It was cool how your area stopped it dead in its tracks.

Originally posted by MarcinO

1.1050 (well without 16 pips, I have to admit

) works up to now. Volume at this support is enormous, as if they want to absorb all short positions, so I guess we will see 1.1240 tomorrow morning.

I would recommend a couple of companies on Warsaw New Connect exchange. The volatility is enormous, like 50% or 100% percent a day.
It's pretty easy when the price changes from one cent to two (one tick) .

Originally posted by jimkane

Oh, yeah, the paper is very good stuff. Much better paper than the USD. Maybe the Mexican peso has almost as good of quality paper, but probably not the Zimbabwe dollar. I think their paper is still fairly low grade. Yes, the Euro it is. Hey, maybe I can buy a bunch more SHOP with some Euros that I traded up to with my Zimbabwe dollars?

Originally posted by MarcinO

You are absolutely right, Jim, but I still believe that the Euro is a much better investment.
Just look at the quality paper it is printed on.

Yeah, just hold on, it'll come back. That's what they said about eToys, CMGI, and all the rest. I'm still waiting, but soon...

Originally posted by MarcinO

I have to admit I overestimated Zimbabwe dollar paper and I bought a couple of trucks of this money (the higherst notional banknotes of course) for about 100 Euro, but somehow I didn't profit.

Originally posted by jimkane

Oh, yeah, the paper is very good stuff. Much better paper than the USD. Maybe the Mexican peso has almost as good of quality paper, but probably not the Zimbabwe dollar. I think their paper is still fairly low grade. Yes, the Euro it is. Hey, maybe I can buy a bunch more SHOP with some Euros that I traded up to with my Zimbabwe dollars?

Originally posted by MarcinO

You are absolutely right, Jim, but I still believe that the Euro is a much better investment.
Just look at the quality paper it is printed on.

yeah, and note how full of shit danny meyer is:

http://www.nydailynews.com/life-style/real-estate/danny-meyer-wishes-bought-union-square-cafe-real-estate-article-1.2192035

http://www.nytimes.com/2014/06/24/dining/union-square-cafe-joins-other-victims-of-new-york-citys-rising-rents.html

Originally posted by jimkane

Speculation is far from dead. Until it's dead, this thing is gonna keep on risin'.

http://www.zerohedge.com/news/2015-05-21/shake-shock-spot-fast-food-outlier

how do you like that? I got censored ;)

they had everyone waiting for that area just overhead where there are half a dozen fibs, but just couldn't get there yesterday. I was surprised by that, and thought they would manage it today. It's very possible it's set up for a gap and go to the downside Tuesday.