After spot market clouse the Euro gave a 35 reaction off the area posted on Friday, but I would expect a little more down.
The Cable is also in a very distinctive area, defined clearly by basic KT tools.

If it gets going, something I am not so sure about, here are my levels:

18.75-20.50

29.00-30.75

39.50-41.25 (41.75 is the big previous swing-high, so they would likely want to game that)

Center of areas, of course.

I love that middle level.

But there is so much here it is going to be hard to overcome unless the machines have been given the command (and they very well may have been).

Only a few points to that first level and rat's ABCD.

.886 ABCD hit, so it could start any time...

If it can move and hit the middle area today, that will be 30+ off the LOD. I can see that...

And the S&P would just tick positive on the day. Suh-weeeeet.

Honestly, I think it's most likely out of gas.

abcd with d at 1.27 of bc
fibs from last two minor highs....486 and .50

Same old. And here's the dip that tells us what they want. Also, watch if it turns 'complex' i.e. structured (3 legs). The point of an ABCD is to get the dip buyers on the AB leg, of course. Fun stuff, as always.

What more could you wish for? A return of roofer would round it out nicely. Anyway, it is far better to have three focused traders than a chat room full of noise. This week was another killer week, can't wait for next week ;)

Originally posted by jimkane

What a triumvirate we have in here. In a Jamaican accent (imitating the guy in the movie Cool Runnings) -

We got de:

One Jim, shakin' it down on the ES intraday

We got de one Rat, killin' the stocks and ETF's

And last but not least we got de one Marcin, dominating the Euro for all to see.


All discussed in advance, pretty much day in and day out. Yeah, this ain't the coolest forum ever.