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.

Give it to me, baby!

Careful in here. Very careful.

They probably want to shake 'em out for the last pump, but it could crap out early and it's done.

ABCD for the last leg, or done? I need one more push to be looking at shorts (that could change based on what it does). I think it may want 55-60 though, so I'm wary of shorts right now. I'm not saying I wouldn't do them, but I'm wary.

Sure looks done...

Whoomp, there it is.

Could it still do a 5-wave up now into the area? I wonder. Lots of people trapped right now.

Okay, here's the shot at a final leg into the key area. Let's see if it can do it. If it does, the entire move was truly storybook.

I really don't think it can do it.

trapped traders at the lows, and now perhaps it needs to extend to trap more traders higher up? Not enough juice to really take it down where it would appear to be going eventually.

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.