Man, I can't believe you guys. Not one single post last week in the weekly discussion, and no one starting the topic this week...

Watch here as it 'backtests' that key upper // at the .382/.447 area, with a set line lower // in here. This is a big clue area.

And right off that area it goes... Now, why is this spot here just below the recent high a critical spot to watch here? I'm not going to explain everything.

Let's see if this little 4PT can send it up, or if it is in chop mode until the drones decide to kick in. I like to watch 15:00 and 15:30 the most for that.

great post Jim.. posting of the charts would help but i know it is hard.

Yeah, it is just way too hard to post charts for me during the day. My charts are 'working' charts and have far too much on them to be useful to show the areas. I have to create a new one and do the entire posting process. Except for higher timeframe setups, there is no way I can do this during the trading day. Not to mention, even if I could, I am getting almost no interaction in here, so I am not willing to do it even if it was practical. Anyone who is proficient in my methodology can do the work based on my condensed descriptions, and that is all I am really trying to accomplish here. People can then post and I can confirm or make comments, and that is how learning can take place. Unfortunately, no one is participating...

quote:

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Originally posted by jimkane

Let's see if this little 4PT can send it up, or if it is in chop mode until the drones decide to kick in. I like to watch 15:00 and 15:30 the most for that.

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And the little 4PT does send it up, and 15:30 is approaching...

Watch this 'trendline creep here', this is not the right action for upside. Be very wary here.

And by the time that posted, the line was already toast.

That 'trendline creep' is one of my best clues.

Look at that GLOBEX 5-min chart TL! Right to it. Very cool.

71+? Or just more chop?