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.

ABCD here, but otherwise, let the selling commence.

RTH LOD hit to the tick. Watch closely. I expect it to get taken out.

And it did right as that was posting.

First area hit. I suspect that is it, but I gave this a 10% chance of happening, and although this may just be part of the 10%, I think my read was way off only saying 10%. I'd like to say this is a big shakeout and they will still do a Friday run, but I think it is could get crushed.

Originally posted by jimkane

So, if this plays out, and to me that's a huge if, then I'd be looking around 26 to start. Then the ABCD area, then the 'W3' area, etc. I only give it a 10% chance it is headed lower here. I think this is most likely a 'test' on the way up. Just my two cents.

Very, very key area, lots of 1-min volume, if they can't come in, watch out.

as my buddy would say: awoooga!

ABCD area centers around 22.25, 'W3' around 1910ish, and it's curious because the next level is a few ticks under yesterday's low. I could see that 1910 area if they panic.

I remember when that was 'in' in another lifetime, way back.

Originally posted by rat89

as my buddy would say: awoooga!

26.25. If it can't bounce, wow. I'm hoping, of course, that it can't.

25.75... KIG if they don't come in.

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.