That was a wild Asian session. Lots of swing points.
JI
jimkane
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Honestly, though, I don't see it. They would really have to show me something. I just think this action will bring more buyers in. The ending diagonal is already invalidated (although the rising wedge isn't). On the other hand, this is the Thursday before option expiration, and they usually play mega games with it then and then let it do whatever it wants after that. We'll see. I'm watching for a trigger here off this 3-drives anyway, but if this is the start of something, I'll give them a big hand at making it look as monster as it can get into an area.
MR
mreiserer
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quote:
Originally posted by jimkane
Okay, M handled the morning alone, I'll handle the afternoon alone. Yep, like you said, just like being married :-)
so it is, so it is. That's why I am divorced..
JI
jimkane
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867. We are 'at the area'. The roll off that 3-drives a little, then rush it up to a new high by one tick. Is that a failed test at new highs? We have our entry trigger here?
JI
jimkane
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Posts: 33,089
I don't want to edit the above post because of the time stamp. It should have been 'They roll, not 'The roll'. Price rejection, as they say. I'm triggered, of course. But will it be one of those silly going into the close drops and snap back ups, or is this something? I rather doubt it is something. But the long side has been good today, and I'd rather be looking to dabble short side now in case. I do have a 'rule' I almost never violate, and that is to never, ever even try the short side on a manipulation ramp day. But, this is one of those times where it has enough to be worth a dabble, in my opinion. Tomorrow may be something, especially with GOOG earnings after the bell. You know they'll blow those out, that's a given.
JI
jimkane
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This would be a nice DT ABCD to send it right back up to new highs. Too bad the RTH is over now. GLOBEX should be a lot of fun tonight. Asia will probably decide it was sorry they didn't hold all those gains and jump up 3%-5%, Europe will follow, and the GLOBEX will explode :-) We'll see. This is the first primary area I have been waiting for since the 666 low. It's going to be exciting, no matter what happens.
JI
jimkane
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Posts: 33,089
Looking good so far here on that ES. GOOG out, it's all over the place, but you know it will explode up soon... It can only go up. Let me see, up 100 soon? :-)