Mp -- 05.02.2011
1507 ZULU --- upside moving up and showing on DAILY (presently) 4916 but still showing downside working although no longer as strong as before.
"POSSIBLE" reversal back down after noon, edst but presently seeking 4896, 4898, 4891, 4900, 4905, denver, cheyanne, hollywood and all points west. --- 45 minutes left for upside IF we should go down, which presently suggests yes on the longer timeframes --- although up to the H1 is showing upward movements
OTHER WORDS -- should go up and at 4880, it should come back down again, grinning with 4789 a nice place to take some profits and then , stop for a retrace at 4780 and then down to 4777 where it will retrace and then to 4762 area which is where I would take profit and give the world a long hard look since 4758 is also showing
Now, believe it or not, there seems to be an upside which is our beloved PIVOT POINT that either gets "kissed" goodnite or broken, but I think it shall be just a "kiss" and that lives at 48313, so watch for it.
ALL OF THIS IS BASED ON BREAKING THE 4788, WHICH I BELIEVE IT WILL DO
0128 ZULU ---- post below this one still holds valid information concerning TP points --- not much has changed fortunately
0306 ZULU --- there is a "possibility", if things hold the way they are that we could see 4643 --- now thats a cliffhanger, but certainly not impossible, although if we continue breaking 4778 on the DAILY, we see 4719 and then, with the help of the gods of forex, 4642 --- whew, would be something by golly and as long as we are dreaming, below THAT lies some one or another PIVOT at 4593 (but thats just too much for my wee brain to comprehend right now
now things dont look to be moving much, and one has to understand that the smart money is WAITING for a really good reason to up the price, and news is one of the greatest reasons under the sun but in this case the US DOLLAR INDEX has moved UP, which of course causes EU to move DOWN, and thats the way that one works.
Now the fundamentalists will all say its because Ben Ladin is no more, but we know that it was already starting to change direction before the news broke, which is why i laugh a lot at the fundamentalists -- fundamentals are fun, and they can and will ALTER the direction of the price for a short period of time, with the price ending up right back to where it was before it moved in whatever direction it moved, but the CHARTS tell us a whole lot better when things are going to happen, which is why i can never hold much with the fundies
But its slow -- as slow as two teens at a school dance moving to the crooning of Johhny Mathis back in the late 50's, which reminds me of why I switched from Hot Rods (a 40 ford ragtop with fully decked flathead Ford V8 to european sedans and sports cars. Back in those days before I could drive, I had met a lovely young thing by name of Laurie Anne Maxwell, and her father drove a Mk 9 Jaguar sedan as a family car and a Triumph TR3 as his "station car".
Our fathers took turns driving us or picking us up from school dances or whatever parties we went to and although my father drove an Oldsmobile 4 door hardtop convertable (google it), her father drove the Jag, and there was NOTHING, absolutely NOTHING in the world that hit the senses as did the smooth purr of that DOHC straight six, with its black lighting for the instruments on a burled walnut dashboard, while you sat in the back seat, all leather and smelling like the essence of England, holding hands with the girl of your dreams --- the Olds didnt stand a chance and from that day on I was a Jaguar person, owning every model made from WW 2 on.
Alas though, the day came when my taste changed and the Aston Martin became the car of choice --- guess at that point i was finally completely over Laurie Anne, who went on to another but left me with the love of a particular car forever, which turned out to be a fine swap after all was said and done.