What a drag

Notice the HC at key spots. You can find the key spots by when it goes into HC. They want higher, they want 883. They want to trap the early shorts and kill them. So, we see HC in here. That's my take.

Notice, too, the ping pong within that set we have? Amazing. But I think it is about to burst out right here, and run to the close, for a high tick close, as they want.

being short here is a losing battle....

They want that HOD close so bad they can't stand it. And if the few shorts quit in here, it should go parabolic, maybe even to 883, in a burst. If they quit.

quote:

---

Originally posted by mreiserer

being short here is a losing battle....

---

Oh, yeah, in my opinion one would have to be nuts to be short in here.

but in all honesty, when I am flat and my friends are flat (you flat?) I am rooting for the shorts :)

quote:

---

Originally posted by tomo

You are still to fast for me guys :) I don't follow you every time .. what abcd you are talking about now JIm?

---

Sorry, Tomo, I didn't see this. You mean my 15:11 post? If so, look at a 1-min chart at 15:11, there was a bearish ABCD at a .618 and division line, like we have seen so many days, as a 'wave 2' on the way down, for a short setup. But I didn't like the short side, so I thought the CD leg was really a 'wave 3' to the upside, which it was.

quote:

---

Originally posted by mreiserer

but in all honesty, when I am flat and my friends are flat (you flat?) I am rooting for the shorts :)

---

I wouldn't play this HC^2, especially after such a fantastic trading day so far, with your money :-) Like you, I am rooting for the shorts like crazy. I hate to root for the shorts at times and be long, but I do it :-)

either long side is losing it's luster or they are just waiting...tick tock tick tick tock

Notice what happened just there? Look at yesterday. They got the new high by one tick and it got hit with a monster sell program. Exactly like yesterday. Price rejection.

Yes M, Jim 15 pages nice to follow thanks !!

Mats