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TonyC
Rep: 99
Posts: 471
This thing looks like it's ready to drop hard.
game over.
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I implied before, it was worth a shot at the lower // this AM. A grinding ride until close perhaps. If they come in to sell, then I just react to that.
JI
jimkane
Rep: 3,058
Posts: 33,089
quote:
Originally posted by jimkane

Watch if/when it takes this TL out how it pops.

Pop goes the weasel.
JI
jimkane
Rep: 3,058
Posts: 33,089
VAL here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, if it trades above that there is a good chance it will see the VAH at 44.50, and with the IB 100% at 40.50, if it doesn't turn down in here soon, once that it breached, it most likely keeps going until close, based on my experinece. So, I think VAH is likely.
TO
TonyC
Rep: 99
Posts: 471
sweet pop in final hour
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, by the time I posted that it had almost done all I wrote...
JI
jimkane
Rep: 3,058
Posts: 33,089
IB 100% extension, time for caution. But, the way it couldn't get to the lower IB, and rushed up to the upper 100%, I think it is way more likely it takes it out and runs until close. We'll see. Scale some, ride some is my approach, as usual.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, they did get the DOW and S&P to + on the day, as I suspected. No real surprise.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's the VAH. IB 100% blown out. This is too easy.
JI
jimkane
Rep: 3,058
Posts: 33,089
And all this dead off that lower // RTH.
MR
mreiserer
Rep: 110
Posts: 2,220
Not to worry. I deleted it to get rid off the redundant post.