JI
jimkane
Rep: 3,058
Posts: 33,089
They are going to take their shot. The bears are scrambling, the train is moving!
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the bears actually ran ahead on the tracks, and right at the critical spot they formed a blockade across the tracks. This is it, the train stops, or the bears scatter. The bears look adamant...
JI
jimkane
Rep: 3,058
Posts: 33,089
So, the bears have interlinked their arms across the tracks and started to growl and slowly advance, and the train has stopped, it might even be slowly inching back. They look a little scared. The bears look fierce. Will the train run away here?
JI
jimkane
Rep: 3,058
Posts: 33,089
Or is the train backing up to get some running room to mow the bears down? It's late, everyone is tired, and the second shifts will be arriving soon. It may be a standstill until they second shift gets into place...
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, Jeremy, the POC has bounded this all day, with the GLOBEX high right above for extra resistance for that level. And the DP sits right above that, for even more resistance.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it finished as a standoff, the bears with interlinked arms, growling, advancing, and the train, having backed up, now has the furnace stoked full and the steam is pouring out of the engine. Those bears look strong, but when the second shift shows up, they may well have some serious reinforcements up their sleeves. Showtime coming soon. I will say it was a very weak showing off that key 84ish area for those bulls. I hope everybody liked my little story about the little engine that thought he could.
JI
jimkane
Rep: 3,058
Posts: 33,089
Today's range was about half the recent average. Still, it wasn't chop so much as smooth, rolling swings, so I think it was quite a good day for scalping, in my opinion. No real trend and not too much for the KT methodology, though. I saw a few things, though, so it wasn't without any redeeming value.
JI
jimkane
Rep: 3,058
Posts: 33,089
For those new to this forum, look over my posts in the 'Jim's ES ex post facto setup times' to see the type of things I'm really looking at when I decide to tell stories on a boring day when almost no one else is willing to participate.
JI
jimkane
Rep: 3,058
Posts: 33,089
I see. I had the standard set on another chart. On the one I was looking at I had added subdivided division lines on there, playing around to see if I had more contact points that way or anchored as mentioned above on the regular upper division line. I never looked back to see if I continued the median line back it balanced at the standard/natural position. Very cool. I'm not sure if your lines are additional subdivided division lines, or both sliding parallels?

