As posted last week, my next level for the Cable is around 1.4830. But a really strong level is about 200 pips lower, whcih can be hit in the first days of January.
BTW, thanks for a great commentary on Armstrongs approach to interest rates and stock market connection, Jim. Great post!

Time for a CD leg to 1.4960-70?

I wonder if this violation of lower boundary of 1.4890-4930 range is a fakeout, before a CD leg starts.
We will see soon.

Nice posts, crew.

Thanks, Marcin, I'm glad some are finding that stuff worthwhile.

Originally posted by MarcinO

...BTW, thanks for a great commentary on Armstrongs approach to interest rates and stock market connection, Jim. Great post!

I'm back in that mode of not wanting to post much. It's just the same old, same old, day after day. Great trading potential, areas being used, moves being made, just follow the procedure over and over. Lather, rinse, repeat. I know it's not this way, but it reminds me of F&$%book. I know people may find my blow-by-blow useful, but think about most of F&$%book. 'I'm going to eat a baloney sandwich. Here's a picture of it.' 'Here's my cat. Isn't she adorable laying on the couch? Her name is Muffin. I named her that when I brought her home and was eating a muffin and she pawed at the muffin like she wanted some.' 'I just heard a noise, but my roommate is out. I'm scared. I wonder if it's my friend Jody playing a joke on me.' 'I just took a big dump. It was kinda brown, but it felt good to get it out. What do you think of this picture of it?' Etc.

Now look here: 'I have a KT zone at multiple lines. I want to hit it. It's now taking off as expected. I think it may try to reach the area at xx.xx, where the next obvious confluence is. Okay, it's there and it 'sees' it. Time to look at some scaling.' 'Okay, watch here for clues at this ABCD. If they take it out, as I suspect they will, look at the 'W3' area next, just over the HOD.' 'Okay, my timing factor says it's time for this to move. I give it a 70/30 chance of up. Okay there it is, as expected, up.' 'Okay, on a scale of 1 to 10 I rate today a 12. Smooth trends with lots of range, off areas. Same old, same old. I couldn't ask for more than this.' Etc.

I know this may all be helpful, but it does get boring sometimes for me. If I knew how many people were actually benefiting on a daily basis and I had feedback to that effect, maybe I would be more motivated. If I could do charts as easily as Marcin and rat can I'd just do that, with little comment, and be happy with that. I have a lot of security measures in place, though, that they don't, and those conflict with easy chart posting. So, that option is not really feasible for me.

Anyway, I'm just explaining why I am, at times, not posting much.

ES did exactly as I thought it would into the close. Look at that trend on the 1-min. Same old, same old. Insane day. Same old...

XLE has a magnet area in the upper-40's/low-50's that it may gravitate towards. I've been watching this one for awhile.

Euro close to 1.1 tomorrow?

it was a very nice day. Short the rut, wait a while and go long spx off the key area. It isn't always this easy....

Originally posted by jimkane

ES did exactly as I thought it would into the close. Look at that trend on the 1-min. Same old, same old. Insane day. Same old...

Merry Christmas to all, and to all a good... trading season?