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    JA
    jarek
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    So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:

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    Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...
    JI
    jimkane
    Rep: 3,058
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    quote:
    Originally posted by EricD

    Scary..Scary...Jimadamus..i just checked the times with your commentary....In my opinion You are in the wrong profession..
    Yeah, no bragging or claim making here, but I have been all over this today, as far as my read. Some of the more important things I tried to post in here in advance, but only live with charts would show all of what I am watching and seeing at any given moment. Also, I kind of gave up posting there when I saw no one was commenting back or asking anything.

    So, what profession do you think I should be in?
    JI
    jimkane
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    Posts: 33,089
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    .564 at key line is rolling this. But I just don't see it going down much, the rampers are back full force right now. You never know, though. That's why I go by price action and not what I think.

    Everyone see the area that sent this up after that 6 point checkback?
    JA
    jarek
    Rep: 94
    Posts: 3,474
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    quote:
    Originally posted by jimkane
    only live with charts would show all of what I am watching and seeing at any given moment.

    Hopefully you will be given a chance to share this with at least some of us. After reading your last great commentary I think it might be mutually beneficial ...
    JI
    jimkane
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    Thanks, jarek, for the compliment.
    JI
    jimkane
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    Futures opening up strong and moving right on up.
    MA
    Marco-T
    Rep: 0
    Posts: 41
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    Good morning!

    Thank you all for the comments and charts of yesterdays action.
    As always they helped me so much to do my chart-homework after I came
    home from my real life job.

    Here is the setup I had on my screen at the open:

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    MA
    Mats
    Rep: 100
    Posts: 262
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    Is it ready to go up here?

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    Mats
    MA
    Mats
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    Posts: 262
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    Well priceaction is not my strongest part but it
    reacted in this area.

    Mats
    MA
    Mats
    Rep: 100
    Posts: 262
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    What a reaction I have only delayed data so it may have
    happen already sory.

    Mats
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    It reacted all right, Mats. Here's the thing that everyone should see. Notice the ABCD, then the first push up, then another ABCD. This explosion acted like W3(3).
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Okay, 67 was it. See ya all Monday. Great posts, everyone.