I wonder if the rat reads this thread... or a bunch of people just decided to go short?!

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Uggh!! The minute I say we won't make it over 1.3040, we go to 3043 - the rat proves me wrong!!!

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I think that's humor from the days of "Seinfeld" (along with "can you spare a square")

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If we make it back into the 1.3040-3080 consolidation range from last Tue and Wed (before we fell off the cliff), it'll be as though the last 5 days never happened. We just bounced off the bottom of it. But, it's startin to look like the rat's a ...

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Those shorts are just the sort of breakfast the rat needs to keep pushing higher!

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Interesting... I was curious because I don't see the trend within trend within trend thing too often on these threads, and that you use that type of visualization for non-channeling trade decisions is - interesting. Trade well, and Happy New Year ...

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Are you thinking of becoming a volunteer in Pavlov's army of channel traders?

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Wheels within wheels...

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Well, if the short positions keep coming - (!!!)

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In terms of position trapping, today looks similar to yesterday... Today, the first trap level (stair step) after the phoney downward move can be seen at ~2925, the second at ~2964 . It's Friday, so the rat's food may decide to MOVE existing stops ...

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I don't have a discrete timeframe. I prefer not to use candles.

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I like your analysis. I think you got that paper/plastic thing down too.

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I think many traders feel the same way. That's not a good sign...

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image What do you think? Long or short? Paper or plastic?

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BROCO = NO GO! — Mohan, just saw this little exchange - assume you will discover soon, but to be safe, I am familiar with this broker's situation, and can say: 1. the price action on their platform screams thievery, and 2. as far as I know, ...

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Yeah, put your stops so far away they'll never be hit!

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The rat says "stay tuned..." — The first step on today's stairway of pain was at 1.2870, with many trying follow the rat as it descended, but it turned and ran over them as it often does. Haven't seen 1.2870 since. The second step ...

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Let's not be too serious now... ever watch David Letterman? However, I think there is a grain of truth in my list. (btw: I see you're from Canada - ya know Paul Shaffer, Dave's band leader is from Canada...)

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People found lots of stupid reasons to go short this morning. (and from the look of it... still are)

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