Thursday, December 29, 2005

Kill the Headlights and Put it in Neutral...


One of the greatest technician COUNTERPUNCHER boxers of all linear time, if not spherical was ALEXIS ARGUELLO, middleweight champion in the 1970s-80s...

Trying to Grow a Tree to a Redwood to 100 feet takes slow years... Reducing it to 1 foot, takes a second...

Bidding up anything is a grind, the fall is quick, one deft slap of panic...

Shown hear, I was busy listening to Falco's 'Amadeus'... when the Euro plummeted as shown, in correspondence with USD strength against the YEN as it broke above 1.1800, and EuroYen Cross selling... I didn't want to be the prey on this one... So I waiting for the Hammer Formation, a classic StoneMason's signal of reversal... aware that it would take at least twice as long to retrace, but retrace 76.4% it will, if not 100%... Long Euro at 1.1833, exit 1.1847... I took a slip and got filled at a shitty price, but it was still the right move... a move that Alexis Arguello would nod his head in wisdom to... and I heard the agony of those caught short on a bogus momentum play...

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