1.1400-30 is a monster area, so we might see some correction here. Next strong level is around 1.18, comprising of two subareas around 1.1750 and 1.1850.
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Click image for original size
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MarcinO
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How this crap exploded is completely irrational, but it makes 1.20 plus scenario more realistic.
1.1400-30 is a monster area, so we might see some correction here. Next strong level is around 1.18, comprising of two subareas around 1.1750 and 1.1850.
1.1400-30 is a monster area, so we might see some correction here. Next strong level is around 1.18, comprising of two subareas around 1.1750 and 1.1850.
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jimkane
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VIX took out all the peaks going back to Jan 2009! 53.29 by my data. But, the meltdown high was 96.40 (again, by my data), so we could have a long ways to go. And when they back calculated the VIX for the '87 crash it was 180-something, if I recall correctly, so we may not even be getting started yet. I can dream, can't I?
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jimkane
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Marcin, remember I told you about that FB put play right as it was rolling over? F#$%book hit 72 on the open today! Suh-weeeeet.
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jimkane
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An analyst on TV right now said 'It's just been horrible'. I guess it depends on one's definition of 'horrible'. I might call today 'wonderful', 'spectacular', 'fantastic', 'phenomenal', perhaps (quoting a line from the movie 'The Cutting Edge') even 'orgasmic', but 'horrible', no that wouldn't be how I would describe it.
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MarcinO
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Sure I do. Great play!
Originally posted by jimkane
Marcin, remember I told you about that FB put play right as it was rolling over? F#$%book hit 72 on the open today! Suh-weeeeet.
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MarcinO
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I wonder if the Euro reacts to 1.1650 overnight. If so, I would expect it to roll over to low 40's.
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jimkane
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A fun little article. Not that it matters, this is going straight up to new highs, right? Or even Armstrong's 43,000, right?
http://www.zerohedge.com/news/2015-08-24/why-bear-2015-different-bear-2008
http://www.zerohedge.com/news/2015-08-24/why-bear-2015-different-bear-2008
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jimkane
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I'm struggling to wrap my head around that this is trading 66.25 points below the RTH HOD right now, and we are 53.25 points off the low! Holy cow.
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jimkane
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Two ticks shy of up a hundred points since the LOD essentially a few hours ago. Holy f'in sh#%.
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jimkane
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That last comment doesn't really make sense, since it was up about 140 off the low, came in, and is now rising. What I meant was the range, how far off the low it is, is such a big number compared to what we have had lately I'm still trying to adjust to thinking that way.