The Pound is just below a huge area at 1.5260.



If it is not going to spend too much time on correction, the next level up is around 1.5370.

34.53 on crude before the monster reaction. Should I call it good enough and say I fully got my area? I'm thinking I need to say that's good enough, as far as my happyness (spelled that way on purpose, anyone get the reference?). I'm hoping for the deep test into the area, or even the 20-something handle, but in terms of saying I'm satisfied 'it did it', I'm there.

I had to google it. I enjoyed that movie with Will Smith, if that's what you mean.

Originally posted by jimkane

34.53 on crude before the monster reaction. Should I call it good enough and say I fully got my area? I'm thinking I need to say that's good enough, as far as my happyness (spelled that way on purpose, anyone get the reference?). I'm hoping for the deep test into the area, or even the 20-something handle, but in terms of saying I'm satisfied 'it did it', I'm there.

That was pretty freakin' wild this AM, eh? It may 'look cool' to see things like this, but it's a liquidity issue and 'it ain't there'. If anything big happens (and I'm certain it will), this thing will have zero liquidity and could do this same thing with swings in the ES instead of around 20 perhaps 200 or even 500. I'm not kidding, or exaggerating. Just sayin'...

http://www.zerohedge.com/news/2015-12-14/market-has-just-gone-nuts

ES finally making its move for the next leg up now?

If that bearish ABCD sends Cable below 1.5140 I will become concerned about reaching 1.5260 tomorrow.

Note the blatantly obvious inverted H&S bottom here on say the 15-min.

Look at the battle the ES is having with that downsloping price flow. If that gives, it's nothing but blue sky. If it can't hack it, watch out below, in my opinion. I see it 70/30 it takes it out to the upside. Everything I am referencing here is very short-term, I mean the next leg on the 1-min/5-min.

Okay, you shook it all out, now just do it. I'm getting bored.

3, 2, 1... blast off.

Wow, back to the flow, takes out the previous swing point, and the sellers hit it again. Hey, I'm not complaining, one this you will never see me do it complain about sellers. I'm just surprised it's taking them so long to push this over.

It usually pays for me to follow my gut read on things...

Originally posted by jimkane

I want to short it (soooooooooo badly), and will be looking for the slightest weakness to consider pouncing, but with the attitude of not marrying the position, and being ready to turn on a dime. Otherwise, it's ride until this thing breaks, and keep leaning on the long side until proven 'wrong'.

Originally posted by jimkane

I just want to short it right here sooooooo badly...