My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
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But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
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MarcinO
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On Friday evening the Euro stopped at 1.1368 December contract basis, right at AOC.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
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MarcinO
Rep: 67
Posts: 5,506
It's close to new highs around 1.1450. This area looks like a great opportunity for at least short-term selling.
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MarcinO
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1.1383 did send it up to 1.1457. Jim, we need to fix the accuracy of your tools.
Originally posted by MarcinO
58 and 79 are my favorite numbers now.
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MarcinO
Rep: 67
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1.1360 around European open tomorrow?
1.1408-10 is a minor support.
1.1408-10 is a minor support.
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MarcinO
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BTW, if 1.1360 works, it will be a repetition of fractal which drove the Euro last week.
JI
jimkane
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I agree 110%. In fact we could really say that the wrecking started in 1913 with the creation of the Fed and implementing of the income tax. But, after some studying of our early history, in the days of the founding fathers, there was a lot going on then, and since then, that I completely didn't know. So, it really started when the country was formed. Crazy. My point, though, with the charts wasn't to tie anything to O'Bummer, only to say here is the recovery that they (whoever 'they' are) say is doing so well. It doesn't look as nice as they say when viewed that way.
Originally posted by rat89
sorry, but the tracks were laid for that train wreck way before obama, and the fact that he is considered to be "left", when in fact he's to the right of nixon is a joke. The wrecking of the financial balance really began in 1980, and both sides participated wholeheartedly. It's tragic.
Originally posted by jimkane
Simply amazing...
http://www.zerohedge.com/news/2015-09-16/obamas-recovery-just-9-charts
JI
jimkane
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As for today, no 700 point pop, which surprises me. I want to see what it does over the next few sessions, which, coincidentally, are Friday and Sunday night/Monday sessions, and we all know how they can go. But, if they can't explode it, it would lean me way more towards we are in the early stages of a bear here. It just needs a trigger to start the next leg down. There are so many possibilities for that (like a serious refugee crisis in Europe and what that might lead to) there is little point to listing them.
As far as the action today, though, wow it was some good stuff for trading. Holy cow. Volatility is the name of the game for this kind of trading, in my opinion.
As far as the action today, though, wow it was some good stuff for trading. Holy cow. Volatility is the name of the game for this kind of trading, in my opinion.
JI
jimkane
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Posts: 33,089
That's a lot of nice work there, Marcin. Thanks for the effort while I'm not posting much.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, after the pop today right to the next price flow level, it now sits right here on the very large price flow level it 'broke out' from. I wanted to see what it would do on the European open with it. I suspect the odds are a little greater that it will break below it. We'll see.
