Starting it off.

The first serious support is around game zone.

Yes, but M's area came from the longer-term, and mine from the halfway between short and mid-term. Mine would be a 'timing factor' for M's area. I posted mine despite his post because we were looking at it differently to find those areas (same tools, different timeframes). That is, if I remember all this correctly...

Originally posted by MarcinO

You both thought about that area in advance.
Here's post of m. (15-Jul, 11:20 AM)
http://www.mypivots.com/board/topic/8468/3/trading-discussion-week-of-7-12-15-to-7-17-15#131462

Originally posted by jimkane

It's from last week. Read the post of yours just above mine to see my lead in for my post. I was thinking this as far back as the 27th. Of course I understand your post was short-term and mine was a little more medium-term (not fully medium-term, just a bit higher-term than yours).

http://www.mypivots.com/board/topic/8480/5/trading-discussion-week-of-7-26-15-to-7-31-15#131762

Originally posted by MarcinO

Maybe I missed your post, of thought that yours was the second one. Sorry for that.

Originally posted by jimkane

That's been my area.

Interesting. Not exactly what Armstrong says, with the Dow headed for 43,000, but he did say it may dip in here, so maybe that gets them all saying this is it, it corrects very strongly, then up to 43,000, then the world implodes, but people hold their stocks because everything else is imploding. Stocks 3x or more overvalued up there than the dotbomb bubble and the Nikkei in '89, NASDAQ P/E at say 900, and no one willing to sell. Could be, though, if we are in a Mad Max world...

http://www.zerohedge.com/news/2015-08-05/8-financial-experts-are-warning-great-financial-crisis-imminent

This is really interesting. The correlation is the exact opposite of what it 'should' be, but exactly as we in here would expect it to be. It doesn't portend well, does it...

http://www.zerohedge.com/news/2015-08-05/it-really-different-time-its-worse

Lots of stuff coming together at 1.0975.

I was wrong by 6 pips. I'm very sorry for that, my mistake.

It cannot rise significantly.
I wonder if it will make it to 1.0750 today...

Potential W2 has propably just ended at 1.0960.