Kickin' it off. It's going to get wild. This week is Armstrong's 'Big Bang' date, mentioned at least as early as 1989 in one of his conferences, he said. It's not a date for a market implosion, it's the peak date for government and sovereign debt. Catalonia voted today for independence, a binding vote. The last one was not binding. It was overwhelmingly for secession.

I can find no information on this vote anywhere right now, yet it's over and done. Nothing on ZeroHedge. I find this bizarre. Understand, if any EU country has a secession, it will, in my opinion, begin a waterfall breakup of the EU and the failing of the Euro currency. So, tanks will roll, it will be stopped. But, it may cause massive unrest and even a European war. Markets will move. Hence, this is not a trivial event today. Yet, nothing, no reporting anywhere. I'm... confused...

Volume spike at 1.1180. Might be end of this leg down.

28.00. I'd say 'it's there'. I mean, the bottom of the area is hit. What a read.

Crazy, how it follows the methodlogy.

Originally posted by jimkane

28.00. I'd say 'it's there'. I mean, the bottom of the area is hit. What a read.

Dropped 7.25 points right off it.

29.75. I guess that's closer.

I'm liking the area around 38 and change to 40 and change, though, if this isn't it.

But it really should do something off this area, I'd think.

That was low of the move. It needs to hit 1.1205 before downtrend renewal, I guess.

Originally posted by MarcinO

Volume spike at 1.1180. Might be end of this leg down.

Local high at 1.1206. 1.1160 next?

It made it to 1.1215 instead. Anyway, time for a serious move down?
I think 40 is more likely then 60 now. Or, in case of Jim's scenario, both of them will be only interim supports.

Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.