Like I said earlier...EU headed down to at least 1.2700 resistance at 1.2812 (long term res point) Election will free up bears and the bloodletting will ensue.......

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They are abused people voting for an abused 2 party system...I got my wits about me and voted for the Green party...

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I can tell you right now Mohan...It is clear Obama has the presidency....senate pretty much unchanged....Dems gain a spot or 2 in house but Repubs still run the show! Polls are crap here in US...they tell us what we want to hear. "Race is neck and ...

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I'd be willing to bet 33 billion euros that it doesn't have nearly as much importance as one might think. But a spanish request for 100 billion might make the markets take notice! The reason Greece rose to prominence a couple years ago was because ...

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The 1.2700 figure is the 150% fall for the daily double top and an important area of congestion.

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As I have stated, not important to me. I was giving you the markets perception. Spain and Italy more important to me. You brought up Greece.

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Yes, I know. But the markets "perception" of a greek failure is as stated.

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The reason being is that a greek failure would mean Euro breakup....so markets see greek bailouts as big sigh of relief...but if you'll notice those sighs don't last long at all.

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Even in this scenario price should be limited to 1.2870 and then drop like a Kim Kardashians' popularity after she turns 35.

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Are you talking about QE?

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Simple. Greece small. Spain Big. Greece fails....europe catches a cold....Spain or Italy fails.....Europe goes on dialysis!

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Looking at the daily, there is a crap-load of unfinished business on the downside and no reason for a bull run since price never challenged 1.3075, no more announced QE3 to make the market think that printing money is solving our problems, and no ...

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bulls have under 2 hours before all hope fades away. No more US market to support appetite....no more appetite. Bears grab the reigns by Japan open and take charge during European, with a minor blip of the election results inbetween. I'll tell the ...

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Good call. I gave it a wider berth at the SL to account for a 38.6 retrace possibility for today with all the election volatility. I see that you are shooting for a more medium term target which is my double top drop limit....nice.

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What the bulls don't realize is that we are at important long term S/R level around 1.2815. This has now become resistance for the daily "double top drop" we are in. This drop still has to go to 1.2700 before my mind is changed to bull ...

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SL and TP?

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If the bulls were really in charge, today would have been the day that price broke above the weeks' open with the election and everything. This market is heading down by tomorrow once all the hub-bub is over about who's elected.

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Heading lower from here....we've seen the top of this up move. Sell at 1.2817 Tp 1.2735 SL 1.2870

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A bounce back up to 1.2860 region is warranted with the US open...but expect a drop to follow to at least 1.2735

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All guys who are never wrong are single. Why would a woman want to be with a man who she can't say "I told you so" to. This would upend her very understanding of the male-female dynamic if a man wasn't like The Simpsons Homer or Ray Romano.

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