JI
jimkane
Rep: 3,058
Posts: 33,089
Still going. No end in sight yet on the speculation/bubble.
http://www.zerohedge.com/news/2015-06-11/29-year-old-pulls-biggest-biotech-ipo-history-glaxo-throwaway-drug
http://www.zerohedge.com/news/2015-06-11/29-year-old-pulls-biggest-biotech-ipo-history-glaxo-throwaway-drug
MA
MarcinO
Rep: 67
Posts: 5,506
They didn't make it today, but this scenario may happen tomorrow as well.
Looking how the Cable is overpriced vs. the Dollar as compared with other majors, I still believe this is the most likely game they want to play with us.
Looking how the Cable is overpriced vs. the Dollar as compared with other majors, I still believe this is the most likely game they want to play with us.
Originally posted by MarcinO
Thanks rat. Games all over the place.
With the Cable, after a very nice 70 pips reaction, they want to make another noninal new high at around 1.5560 and then drop it, most probably.
JI
jimkane
Rep: 3,058
Posts: 33,089
Too bad I didn't post this in advance like I wanted to. Anyway, all this drop so far was pretty much dead off the area, and the move was exactly how much and to where one might expect. Do the work, it's obvious. Same old, same old. Yawn.
Originally posted by jimkane
I wanted to post this last night, but after the market close I had to switch my keyboard, mouse, screens, etc. over to work on another computer and let something run all night. By the AM when I switched back I was too busy to want to post. I was expecting one more pop, and it did it, right to the HOD pretty much dead on the spot. That doesn't mean the upmove is over, it may only check back a bit. But, if it was going to be over, this is an ideal spot. I am only posting this now so my recent students can study this and they should (hopefully) be able to find the spot with a high degree of precision. If you can't, well, something isn't right.
