This thing looks like it's ready to drop hard.
game over.
JI
jimkane
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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.
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jimkane
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quote:Pop goes the weasel.
Originally posted by jimkane
Watch if/when it takes this TL out how it pops.
JI
jimkane
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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.
JI
jimkane
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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.