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gse1963

9,485 Posts.

1

17/02/15

22:57

Post #: 14772807
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Originally posted by thorburn ↑

shoulder patterns can be inverted.

But that isn't why I'm in SSMI. There is a continuation line possibly around 9k and the longer term indicators say there's plenty of buying pressure building. Two weeks to go before the ECB spends $1t of QE, ~CHF55B per month till next year.

European stocks will be on steroids for a while. They're not used to that kind of stimulus. Add to that a settlement (temporary) on Greece late next week/weekend and their should be fireworks.

Reversal of current position looks highly unlikely and I've had my $s (in Swiss Francs) on since 8,300 so I'm keeping my profits on ice with a reasonable stop.

Also long xjo and tls.

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A chart with what your talking about is worth a thousand words Thor .
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