Pure Guesswork

Possible impulsive pattern with a 4.236 target around 1336.70 on cash S&P 500 (around 1334 on March future).

2 hour chart:

1 hour chart:

And 30 minute chart:

The same pattern on the March future (daily chart):

And 2 hour:

Posted by Pure Guesswork at 4:41 PM | Permalink | TrackBacks (0)

Distribution of EURUSD since Sunday night opening (hourly bars):

1.2820 x
1.2815 x
1.2810 x x x
1.2805 x x x x x x
1.2800 x x x x x x x x
1.2795 x x x x x x x x x x x x x
1.2790 x x x x x x x x x x x x x x x x
1.2785 x x x x x x x x x x x x x x x x x x x x
1.2780 x x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2775 x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2770 x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2765 x x x x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2760 x x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2755 x x x x x x x x x x x x x x x x x x x x x x x x x x
1.2750 x x x x x x x x x x x x x x x x x x x x x x x
1.2745 x x x x x x x x x x x x x x x x x x x x x x x
1.2740 x x x x x x x x x x x x x x x x x x x
1.2735 x x x x x x x x x x x x x x
1.2730 x x x x x x x
1.2725 x x x x x x x
1.2720 x x x
1.2715 x x
1.2710 x x
1.2705 x x
1.2700 x x x x
1.2695 x x x x x x x
1.2690 x x x x x x x
1.2685 x x x x x x
1.2680 x x x
1.2675 x x
1.2670 x
1.2665 x

Trading around 1.2670.

One possible downside pattern that would call for a further move down to 1.2478.

Charts from yesterday afternoon:

And a 1 hour chart from this morning:

Notice how prices since Sunday night have corresponded with the internal levels between the 2.618 and 4.236 targets.

Posted by Pure Guesswork at 5:54 AM | Permalink | TrackBacks (0)

In response to this this post from Josh Brown of a Cavafy poem, Blaise Cendrar's poem to his love (back in Paris), written on a trip to Brazil (1924).

YOU ARE LOVELIER THAN THE SKY AND THE SEA

When you are in love you must leave
Leave your wife leave your child
Leave your friend leave your sweetheart
Leave your lover
When you're in love you must leave

The world is full of black men and black women
Of women men men women
Look at the fine shops
That cab that man that woman that cab
And all the beautiful things to buy

There is the the air the wind
The mountains the water sky earth
Children animals
Plants and coal

Learn to sell buy resell
Give take give take
When you're in love you must know how
To sing run eat drink
Whistle
And learn to work

When you're in love you must leave
Don't build a nest between two breasts
Breathe walk leave go away

I take my bath and I look
I see the mouth I know
The hand the leg The the eye
I take my bath and look

The whole world is always there
Life full of surprising things
I leave the drugstore
I have just weighed myself
I weigh my 80 kilos
I love you

BLAISE CENDRARS
Feuilles de route (Travel Notes)
1924

Posted by Pure Guesswork at 8:13 AM | Permalink | TrackBacks (0)