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!
JI
jimkane
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Yawn. Just give me the new HOD and high for the move into the close on this last long.
JI
jimkane
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Pretty freakin' sweet, though. Within one tick, and that draws the sharp sell. The games they play are just incredible to watch.
JI
jimkane
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And likely all they wanted was to get it below that previous swing-point.
JI
jimkane
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Merry Christmas, Marcin. So, you know what that means, right? This thing is going to make a big move. All it has, time wise, is up through a short session tomorrow, and I'm not expecting much, but with Marcin taking off early, something has to happen now.
Originally posted by MarcinO
Merry Christmas, guys.
I'll be off till Sunday. See you then.
JI
jimkane
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Just woke up and I'm checking things because this is all we get until Sunday... Anyway, that Euro long sure is popping nicely. My next area is around 1.1040. You can't stop the Euro. Long live the Euro! Keep in mind this just peaked over the obvious downsloping TL, so if that's all they wanted to accomplish, this is it. That's the game I'd be watching. Okay, back to bed.