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.

I can barely stay awake, but... 20+ up, gave it all back 20+ down. After about 40 down. Oh, after 71.75 up. Oh, after 103.25 down... After... Wow.

Yes, ES is crazy.

1.4135 ?

1.0915 top might be all the Euro could retrace. I will place charts for that later, but this area seems a good shorting spot.

Okay, so the ES has just done up over 30, down over 30, up over 40, down over 30 just since right before the open. (As an aside, all tracking upper and lower price flows.) Nah, that's not impressive. And the moves? For the most part, very smooth trends. Heard that before? Notice anything 'peculiar', though, about trends 2, 3, and 4? Notice the 'volatility swings' in the middle? Look back at trend 1. Curious, huh?

Time for trend 5 to get going?

I hope they just destroy it off here, but I am afraid that inverse correlation you mentioned that may be weakening could reassert itself. ES up, Euro down. To get my wish in the Euro, the ES has to explode. It's due for a bigger bounce, one that gets all the talking heads gushing again about the 'bull' not being over. I mean, I haven't heard a single talking head saying anything except that this is a buying opportunity. No mention of the trannies, small caps, nothing. The talk on China is that it is no issue for us. Even Bern-Qwacke came out today and said China was 'contained'. Wait, didn't he say that about subprime?

Originally posted by MarcinO

1.0915 top might be all the Euro could retrace. I will place charts for that later, but this area seems a good shorting spot.

they're not done setting it up higher for the next knock down....

Ex-aaaaaaaaaaaaaact-ly.

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).