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JI
jimkane
Rep: 3,058
Posts: 33,089
Someone needs to ring a bell to start you guys posting...
JI
jimkane
Rep: 3,058
Posts: 33,089
Be patient. Ultimately, though, it's going to do what it's going to do. It's more fun when the premise plays out and the register rings for us, but it's about the series of trades, not any single one. I know you know this, M, so this is for everyone else.
MR
mreiserer
Rep: 110
Posts: 2,220
You also know me and my patience, don't you :)
JI
jimkane
Rep: 3,058
Posts: 33,089
And yes, .447 at line at 12.50 should turn it if the premise is playing out in 'classic' form.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it's getting wild in here. They know they are boxed in and must decide soon, and they feel like a cornered animal right now...
MR
mreiserer
Rep: 110
Posts: 2,220
hard fought spot
MR
mreiserer
Rep: 110
Posts: 2,220
the lows are gettin' higher...
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, it's a real traditional 'coil', and it should explode up to close the gap, or get to the Thursday low when it uncoils. I think that is almost inevitable. Which way, we have to wait and see.
JI
jimkane
Rep: 3,058
Posts: 33,089
But we all know the bias has been strongly 'up'. It would be curious if they broke it down to the Thursday lows, a bigger stop sweep, and then up hard. But they have been such buyers lately they like to just buy the smallest dips. If it breaks down and sustains, that's a possible sea change to me.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch that .685/.786 area, in case this HC is a W2 off the 4PT. I think they are going to run it, though.
MR
mreiserer
Rep: 110
Posts: 2,220
it would blow me away if this didn't pop
JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks.