I'm still counting on the end of correction in the Euro. Looking at the weekly chart one may find significant lines coming between 1.1050 (the strongest one in my opinion, that's why it posed a resistance on Wednesday) down to 1.0950. Dropping to lower timeframes enables to see the heart of this level is just below 1.1000. We will see tomorrow.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is creating a feeling like not being long your entire net worth right off this spot is madness. In 'the old days' that read would almost always, in my experience, be correct. Nowadays they tend to do that right before they do the opposite. Let's see here, though.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm trying to emphasize just how strongly this looks like the opportunity of a lifetime to be long right here, right now, for an inevitable pop any time now. It's glaringly obvious.
MA
MarcinO
Rep: 67
Posts: 5,506
Grexit coming soon...
Originally posted by jimkane
As an aside, I've been saying that about the Euro every single day since the first day it started trading...
Originally posted by MarcinO
That's what I'm shouting right now looking at the Euro.
Originally posted by jimkane
C'mon, Die, pig, die! Give it to me, baby.
JI
jimkane
Rep: 3,058
Posts: 33,089
If there isn't a Brexit first. Armstrong was saying something today I have been telling everyone I encounter on the street for the last month. His date in the fall, Oct 1, may be when they implement 'cashless', in an overnight move. Not to the day, but in that area of time. (The U.S., I have been saying, may take up to 1-2 years to implement, as it's more complex.) That will help hold the Euro together for a little longer, at a horrifying price to the people. But, that's how it always is when destruction goes exponential. A lot more lives for a little more time in power for the ruling elite. At one point they may be trading a million lives (literally) for five more minutes in power, which they will gladly do without any hesitation or remorse. It's just the way of the world and of sociopaths.
Originally posted by MarcinO
Grexit coming soon...
Originally posted by jimkane
As an aside, I've been saying that about the Euro every single day since the first day it started trading...
Originally posted by MarcinO
That's what I'm shouting right now looking at the Euro.
Originally posted by jimkane
C'mon, Die, pig, die! Give it to me, baby.
JI
jimkane
Rep: 3,058
Posts: 33,089
Did you see that hard snap down in the ES, followed by a completely snap up reversal? And there's the up and over.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just saw this as a comment on Zero Hedge. Pretty funny. I've seen it many times before, but thought I'd post it now.
-Have prices ever been higher?
Yes: Undervalued = Buy
No: Fairly Valued = Buy
Source: http://www.zerohedge.com/news/2015-05-28/chinese-housewives-displeased-after-biggest-stock-market-drop-2-years#comment-6141135
-Have prices ever been higher?
Yes: Undervalued = Buy
No: Fairly Valued = Buy
Source: http://www.zerohedge.com/news/2015-05-28/chinese-housewives-displeased-after-biggest-stock-market-drop-2-years#comment-6141135
