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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, boys and girls, let's see what you got.
JI
jimkane
Rep: 3,058
Posts: 33,089
The HC^2 is unreal. They see those TL's, they see the rising wedge/ending diagonal, and they know what it all means...
JI
jimkane
Rep: 3,058
Posts: 33,089
They sure are acting like they want to buy into the close, at a new HOD.
JI
jimkane
Rep: 3,058
Posts: 33,089
XLF new HOD, simply exploding.
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmm, panic buying in financials. Very cool.
JI
jimkane
Rep: 3,058
Posts: 33,089
VIX dropping, as soon as it takes out Thursday's low it will be at a 7-month low. Now, that could mean we are overdue for a correction as it sits right on the old range top, but it could also mean it will break into that range, maybe even head back to the low of that range in the upper teens, and that would likely imply several months of upside, probably to at least the first area over 1,000, or above. Just something to think about.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, they have to prove themselves right here...
JI
jimkane
Rep: 3,058
Posts: 33,089
And they do. Very impressive. They get the new HOD, too. Just as I mentioned. All right off the ABCD and TL's that if they broke it was toast. How many times have we seen this???
JI
jimkane
Rep: 3,058
Posts: 33,089
And the final push into the close to close it on the high tick of the day?
JI
jimkane
Rep: 3,058
Posts: 33,089
And the VIX takes out the Thursday low to set the new 7-month low.
TO
tomo
Rep: 110
Posts: 238
I missed this ABCD down to 3:00 on ML and 78.6 :( I hate it
MR
mreiserer
Rep: 110
Posts: 2,220
Oh, Tomo I can write a novel about that. Don't get hung up on missed trades. There will always be another chance :)