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EURUSD: In addition to the extension target for the assumed wave (C) in the daily chart price could have shaped an Inverted H&S with a theoretical target at 1.3848
Probably the range 1.3435-1.3626 is a more reasonable target
BullBear52x wrote:[quote="Cobra" I don't mean the down leg has started.
I can see Greek Deal or No Deal will settle in No Deal, Greek majority will win.[/quote]
The fun is that main issue is not about greece default and euro it is just blah blah blah but about CDS contracts (5 major US banks control 97% of CDS)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
OK, the 4th score. don't fight with the mighty cobra. bears need show strength here, otherwise still no hope!
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tighten the stop loss. will out today's long if further drop.
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BullBear52x wrote:[quote="Cobra" I don't mean the down leg has started.
I can see Greek Deal or No Deal will settle in No Deal, Greek majority will win.
The fun is that main issue is not about greece default and euro it is just blah blah blah but about CDS contracts (5 major US banks control 97% of CDS)
good interview about it: http://www.youtube.com/watch?v=9802NwSS ... r_embedded[/quote]
Thanks, the minority (5 banks) will lose, they always think the Govt will work in their favor like Mr. John Corzine of MF global, when there's no deal he's out.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Those crazy HFT things always causing havoc with the market. Please tell us more trading Jesus with the high IQ. How about just understanding that support on the spx is around 1335 and momentum is still up. Oh yes i forgot that information wasnt' complicated enough for the high IQ members here! LOL
If for no more than general interest, I appreciate Mr. Walsh's HFT posts, so please stop wasting blog space with your petty weak mockery. I'm sufficiently educated to make my own decision about using this information in my trading decisions.
Read all the HFT posts you want partner. I'm not telling anyone to do anything. However, I cannot believe someone with an alias (or at least i hope that is an alias) of 57chevy can be sufficiently educated! I guess milking cows is a form of "edumacation"! Yeeeehaaaawwww let's go shoot some guns!
Lets just agree to ignore each other!
MARKET UPDATE!!!! IT IS UP! STAY TUNED!
Not that it makes me a better trader, but I'm a Univ of Chicago MBA. I may not be a genius, but lack of education is not a problem.