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TonyC
Rep: 99
Posts: 471
Am I sensing some euphoria in the market?

TO
tomo
Rep: 110
Posts: 238
Yes .. I got long from this 4PT. Out already but nice quick few points :)
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there's the 915.50. But it looks strong, ready to start accelerating from here. I think we see that 942 soon. I'm not predicting, just saying I see nothing that changes the flow until then. But, keep an eye on roofer's SL area.
JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD here? Does this have anything left for another push up? Sure looks overextended, but mania is a powerful thing.
JI
jimkane
Rep: 3,058
Posts: 33,089
Needed a bit more of a dip, but nice close at a new HOD, almost the high tick. 942 tomorrow?
JI
jimkane
Rep: 3,058
Posts: 33,089
CSCO beat, it's up sharply. Not sure 942 will even slow this down. The mania phase may really accelerate up into a short-term climaxing frenzy, possibly lasting weeks or months. We'll see. This thing is soooo heavy it takes some real money to keep pushing it up like this.
TO
TonyC
Rep: 99
Posts: 471
awesome day of trading..plenty of setups and plenty of drama . I did pretty good on the longs. although there was that nice short setup at the now pt 3 of that 4pc pattern (wich was .886 roofer gap play with upper // test of std ML set,warning line from big daily set, another .886ret off jan 5 to Mar6 leg down, and SL going into area too). I did not get into any shorts today as I saw the daily flow was clearly up and context wasn't there to support holding anything beyond an intraday swing play, so the reward potential, in my opinion, was limited and rollover risk higher due to bullish tape bias. Overall it was a busy day but a satisfying one because it feels nice to end the day in the green not because of just luck but because the methodology worked well and the clues in the price action were clear to me.
The overnite Globex action last nite was superb too. maybe repeat tonite again?...
940..1015...? who knows?..im just glad it sees the areas im working with. So far so good.
Tomo, you are getting sharp in your pattern recognition and the KT methods, it seems.That's good to see/hear. May the force be with you.
okay im done for today.Gotta get some Z's before hitting the globex action.No charts ,sorry. Im too tired and I'm getting lazy now.

T