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JI
jimkane
Rep: 3,058
Posts: 33,089
Any chance of more than one or two people in this topic for the whole week?
JI
jimkane
Rep: 3,058
Posts: 33,089
Everyone watching?
JI
jimkane
Rep: 3,058
Posts: 33,089
Should be following through now to the downside if this is to play out and it's looking like they want to come in for it. Be watchful, and cautious, right here.
ER
EricD
Rep: 63
Posts: 692
what a move...they cleaned up
JI
jimkane
Rep: 3,058
Posts: 33,089
The area I mentioned sure did stop this dead. But will the end of quarter MRRD's allow a fall in here?
JI
jimkane
Rep: 3,058
Posts: 33,089
The really interesting part is that if (and that's a big if) this did roll down here, this would be a big W2 4PT.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's looking a little better now, but I am extremely cautious on the short side here because those MRRD's are rough characters to oppose.
JI
jimkane
Rep: 3,058
Posts: 33,089
Careful right here.
JI
jimkane
Rep: 3,058
Posts: 33,089
What I mean by that is this is a spot where if I'm on the short side I'd particularly not like to see a strong move start up from. If I see it, I may tighten up a stop more than I otherwise would.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it's looking better, maybe it can get past all these .382/.447 areas. But somehow I just don't see it...
JI
jimkane
Rep: 3,058
Posts: 33,089
Those MRRD's are inside my head :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
Interesting, a little ABCD fake up and then they dump it. I don't put too much stock in what happens here, but it would be curious if they could get it back to the RTH LOD.