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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, boys (it's 'boys' until we get some of the girls to actually participate), we don't need to beat that 17 pages, but let's get some participation.
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmm, that time prediction seems to be playing out. It is actually a little bit before 15:00, so this plunge may climax it. I'm not saying I see 'up', just that it may not sell into the close. All the stops are now hit, and the 100% IB, so if they want to reverse or stop it, this is the spot. There is also a gap fill at 76.
JI
jimkane
Rep: 3,058
Posts: 33,089
876 gap fill also brings it to the obvious 1.272 ext ret at 75 half.
JI
jimkane
Rep: 3,058
Posts: 33,089
But I have to say, if they get much under this IB 100%, it may keep selling.
JI
jimkane
Rep: 3,058
Posts: 33,089
The bulls need to step up, or they could be toast.
JI
jimkane
Rep: 3,058
Posts: 33,089
GLOBEX 1.272 is at 74.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay MRRD moonshot now? :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
Once this far below the 100% IB it is uncommon for it to reverse, in my experience. This W4 and W5 look to this here on the 60-min could reverse it, but I don't have a primo setup here anywhere, everything is lower, as an intermediate top would suggest. So, if this is to go up, it's pure end of Friday MRRD, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
In looking back over my 60-min I actually do have a somewhat key ML coming in right in here, so that may be enough to end this here. They got the stops, got mostly to the main 1.272, we'll see. This little ABCD here will tell me something. They may be able to gun this up.
JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD at key line, and it 'sees' it. It needs to blast over it now, or watch out. Again, though, after this much selling a setup like that, if it does start to play out, many times doesn't lead to a new low, but to a move down and then chop.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, now we can ramp until the close.
AL
albert
Rep: 99
Posts: 3,094
This forum is a great thing. I would hate to see it fall by the wayside because of a lack of people "stepping up."

Please post some stuff, people.

Al Kamego