JI
jimkane
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Any chance of more than one or two people in this topic for the whole week?
JI
jimkane
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They have no juice at all. Tomorrow is going to be real interesting, as they need to move this up aggressively to break the W2 for the downside scenario. If they can't do it, it should start to move down hard as W3 gets underway. That's my preferred scenario, but I'll adapt to whatever it does.
JI
jimkane
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Well, here's the key line based on my best GLOBEX set. I don't think it will hold...
JI
jimkane
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Yep. Stopped it dead, too. But I think the higher 'context' is going to prevail. And if this area can't hold, that's a clue that the higher stuff may be pushing on this. We'll see, though, as those MRRD's are powerful.
JI
jimkane
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I will say one thing, the MRRD's have to be very careful, or they could lose control of this thing pretty easy. It is so heavy from its own weight. And the higher and higher bullish targets just keep coming out on TV. The stage sure is set...
JI
jimkane
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They are not closing this good for the bulls. GLOBEX will be interesting, as they may just run it up there to balance it out a bit. But if they can't get this moving, it looks ready to drop.