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.

Here's another version I hear all the time on bubblevision:

The jobs report was very bad, so the Fed will keep rates low, hence: buy

The jobs report was really good, so the economy is doing great, hence: buy

The jobs report was the same, so the Fed will stay on course and keep rates low, hence: buy

And look at the ES go. In this case it was exactly as it seemed. That's what makes it hard. It's how they 'train' you. If most of the time it's a trap, most people get had, and those that learn to read this stay away. So, in this case, the 'tell' was the hard shake before they did exactly what they showed they were going to do. That way they get the suckers out before they do it. Can't have suckers making money that easily. I've rarely seen anything more obvious than what they showed on this one.

Originally posted by jimkane

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.

Originally posted by jimkane

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.

Now, if I were a multi-billionaire (let's say like $50-$100 billion in liquid assets) I'd sell, oh, about 50,000 contracts right here. But, part of this is that I know my order might surpress the market and change the illiquid trend. And I'd float a rumor that Greece just announced they will be exiting tomorrow morning...

Euro has just made a new high for the move on spot market, but the resistance is still valid.

It's rolling down a little. Did 'The Player' just short my 50,000 contracts?

That frickin' player...

Originally posted by jimkane

It's rolling down a little. Did 'The Player' just short my 50,000 contracts?

It will probably be up 11% tomorrow... But, some day it's gonna be for real.

http://www.zerohedge.com/news/2015-05-28/chinese-stocks-are-crashing

and again.....looks so safe and so benign:

That's cute. Very cute.

Originally posted by rat89

did you say crash close? :o)

Originally posted by jimkane

Okay, that's a nice move into the cash close.