My analysis says the Euro is ahead of a ginificant correction, based on the pattern on M120 TF.
1.1030 area , with some tolerance, may send it down.



And 1.0910 is a good place to start the last push to 1.1030. If that doesn't work, I will be looking at 1.0850, but such a drop would most likely invalidate significance of 1.1030.

No way. It's so weak.

good morning guys....60 minute charts as they ended last week:

Cable found low at 1.4130. Still looks weak, but correcion 1.4230 is tempting.

1.4167 and up?

I've just seen 'The BIg Short' and it's a great movie.
They did a great job on explaining the nature of the crisis to people with no knowledge of financial instruments. And the soundtrack is awesome, too. Metallica, Pantera, Guns'n Roses, Neil Young, Nirvana and Led Zeppelin. Unlike 'The Wolf of Wall Street' this one is very serious.

It did respect the area, and I got my 'Die, pig, die' in spades. Down 51.25 by my data off that. Then it hits the 'retest' zone, and they are going nuts on it. In what? A smooth trend. Un-frickin'-real. I'm getting scared. Maybe I'm dead and in heaven... No, wait, that would be okay, right?

Originally posted by jimkane

I have a monster area here at this 6.50 spot. It's crazy monster. But, it's the same degree as it has been using, so maybe it's due for a bigger pop. That fits well with another area I have, which is perhaps even more monster, at 55-62. It could push a little higher to hit a key line, and on the low end the super-key .382 is at 46. I expect it will hit into the meat of that center area. As an aside, there is a minor area around 30ish, with some things starting to come in around 25. Man, is it cool to be in the era of 30, even 40 point smooth swings being dirt common. It can't get much better than this, can it? Or are we headed to the meltdown days with 10 point swings ever 2-3 minutes, and 100 point swings happening like it was nothing.

I'll throw this in for fun, since I'd like to see something happen off this area:

Die, pig, die!

Okay, I doomed it to go up...

I liked it. I realized afterwards that it's the only movie I've ever seen on opening day. I loved the trailer and had to see it. Think about how illiquid what they were doing was. Trading an instrument created for them by the banks that were on the other side. And Baum had such a hard time letting it go and taking his profit at the end.

Yeah, Armstrong likes it. It's not perfect, from a factual/reality standpoint, he said, but overall pretty great. If he says that, it must be a decent description of the events. Thanks for posting that, we need to tell people about it.

Originally posted by MarcinO

I've just seen 'The BIg Short' and it's a great movie.
They did a great job on explaining the nature of the crisis to people with no knowledge of financial instruments. And the soundtrack is awesome, too. Metallica, Pantera, Guns'n Roses, Neil Young, Nirvana and Led Zeppelin. Unlike 'The Wolf of Wall Street' this one is very serious.

By the way, the high for the move overnight, in the area I posted, was a 1.000 ABCD, to the tick by my data. Must be another random coincidence, right?

Oh, and that ABCD had an ABCD in the BC leg.

We have one word explaining all of these adjectives you used, and it is 'zajebiste'.
Which means f*($#%&* awesome.

Originally posted by rat89

do they have these words where marcin is?

Originally posted by jimkane

OMG, that would be awesome if I did that. Oops... I meant that would be totally tubular and gnarly.

Originally posted by rat89

as long as you don't start saying 'awesome' or 'omg'

Originally posted by jimkane

Did you see how that last minute futures pop went right to the 1-min TL, then backed off? Crazy (my new favorite expression, usurping 'amazing' for now).