MyPivots
Sign In
MA
MarcinO
Rep: 67
Posts: 5,506
ABCD to 1.1185?
Click image for original size
6e 2015 10 05 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's a factoid that is 'unverified' and likely won't hold up now anyway. I read this back on ZH at the time. I tried to verify it, and it seemed correct. In the entire bull up to the 2007 high, there were zero +300 Dow days. In the bear, there were like twenty-something. Once the low hit (I think I found one or two right after the low), there have been none in the entire 'bull'. Now, we have a +300 day today. Any meaning i.e. a bear sign? I'd like to think so, but I'm kinda thinking, just like we will never see a rate rise (okay, I think there is a small, very small, possibility that they may do what the ECB did, raise it a tiny bit, then pull it right back) in my lifetime, we will never see another bear again in my lifetime. I think it's too manipulated and controlled, and it will only do a bear when they totally lose control, and if so, the last thing on any of our minds is going to be trading, trust me on that one. Just my two cents.
JI
jimkane
Rep: 3,058
Posts: 33,089
Mama's singing again...
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, I have good news for this area here. The most wrong, most contrarian analyst I have ever seen, I mean this guy is basically wrong every single time, to the day, just declared today that he's no longer bearish, and is bullish as of now, declaring the U.S. and global stock selling is totally over now. So, I am thinking this area, after all, is going to produce a swift sell off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Goldman announced that 'liftoff' is probably in 2017, not 2016. This is beyond comical. How many years and years have 'liftoff' and 'animal spirits' been just around the corner? And Bern-Qwacke just listed all the concerns, like inflation, hyperinflation, etc. that people said would happen with all their money printing, and basically said 'See, it didn't happen'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Mama loves shortnin', shortnin', shortnin', Mama loves shortnin', shortnin' bread. Mama loves shortnin'...
MA
MarcinO
Rep: 67
Posts: 5,506
Low of the move at 1.1184 and the Euro has tested this support 6 times. It looks weak, but I think that a serious reaction will happen soon.
RA
rat89
Rep: 0
Posts: 7,015
is it possible the bear was just on vacation for a few days?

Click image for original size
screen shot 2015 10 06 at 10 29 11 am png
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2015 10 06 at 10 23 07 am png
MA
MarcinO
Rep: 67
Posts: 5,506
Euro at 1,1285.
These moves of 100 pips a day are awesome, especially if you know the areas marked by KT methodology.
JI
jimkane
Rep: 3,058
Posts: 33,089
And it did happen. Nice read.


Originally posted by MarcinO

Low of the move at 1.1184 and the Euro has tested this support 6 times. It looks weak, but I think that a serious reaction will happen soon.
JI
jimkane
Rep: 3,058
Posts: 33,089