$EURUSD pair

Here is a 60 minutes chart of (EURUSD) currency pair.

As it can be seeing C of down sequence printed today, sell signals almost completed, there might be some slight move up yet, but it looks to me that “buy stocks as protecting from rotten USsA Mexican dollar” trade is almost over.

 

 

 

Mid Morning technicals update

 

Wave B of UP seq and 2 of down seq printed on 72 min

sell setup on 72m SPX perfected on bar 8
still higher high possible (for today)

 

Range Projections Oct 6th ‘09

Futures are trading pretty much at the highs of projected ranges, unless they will retreat before the market open – major indexes are getting very close to infliction point where extension of 5 of hourly up wave sequence becoming a possibility.

 

10/06/2009 Futures approx. BO
Daily Range Projection	Low	High
/ES	1027.25	1047.25
SPX	1033.19	1049.85
/NQ	1666.50	1690
NDX	1665.75	1690.41

So far so good

Market acted the way I expected (see Sunday’s post), B wave hourly of sequence up is underway, from now on unless new highs on major indexes are established I will gladly use Bull Traps to short / re-short closer to expected levels.  No chart needed for today – expecting higher than today’s high tomorrow and I’ll take it from there.

 

Just cause you got the monkey off your back doesn't mean the circus has left town.
George Carlin

Daily Ranges SPX, /ES, /NDX, /NQ

Sunday Night Quickie

/NQ Chart below is self explanatory, I can only add that after some slight corrective move up I’d expect continuation of the orderly slide.

 

 

Blog is up and running, as well as DISQUS on the blog – you are more than welcome to hang around – I’ll be posting intraday charts and updates riiiight heeere ===>

 

I think people should be allowed to do anything they want. We haven't tried that for a while. Maybe this time it'll work.
George Carlin

The ugly beast is born!

First off – I’d like to thank everyone who found time on Saturday to offer advise and suggestions – that is greatly appreciated.

 

A lot of my readers had the very same question thou: “Why I had to steer off from tested and true clean readable format to that messy dark Evil Creature?”

 

Here is my answer:

Though I am not as extreme as Karl Denninger I truly believe that actions of our Government will cause unavoidable final demise of great power that United States of America once used to be.  Citizens of this country will be paying for generations for endless compromises, incompetence and just outright lies that have been sold to the Joe Six Pack as necessary for the greater good, but instead were nothing more than desperate attempts to prolong existing status quo.

Instead of solving the problems by going to the very roots yet another patches have been made and such approach is just a temporary measure.  It was very foolish of me to expect true “fixing” – that would involve cutting off the very branch “fixer” are so comfortable rest on.

Like they used to say in my home country “Hand washes hand” and “Never bite the hand that feeds you”.

Until anything changes for the better this blog will be as dark as a time we are all living in.

 

On a positive side – I was able to plug in Disqus Comments system, so I just might stop hanging out at others people sites and will start to pay attention to my own blog :)

Pardon our appearances

While we crossing over to the “dark side” with new optimized site design.
Comments are very much appreciated!
Here is a quick peek at new blog design

Few charts for weekend fun

Daily Range Projections

 

10/01/2009 Futures approx. BO
Daily Range Projection	Low	High
/ES	1037	1058.50
SPX	1043.31	1060.24
/NQ	1703	1744.25
NDX	1685.54	1725.22