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JA
jarek
Rep: 94
Posts: 3,474
Long term charts leave little doubt about the importance of the current levels:

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JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, this should not hang around here very long or it will make me very nervous, it should flush quickly.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the 3D here...
ER
EricD
Rep: 63
Posts: 692
with the straight line..at the bottom
ER
EricD
Rep: 63
Posts: 692
it feels to me they wnat ot break tha 85 swing on the 15..and set some traps..
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, when a 3D bounces and then fails, that's a clue.
ER
EricD
Rep: 63
Posts: 692
here we go..
JI
jimkane
Rep: 3,058
Posts: 33,089
But around say 82.50, if that doesn't end this, it may trend until close. I don't see that, but the critical area if from about that 82.50 to here at 84.50. Now we see. My guess is up like a scalded cat, the way these rampers like to act.
ER
EricD
Rep: 63
Posts: 692
if it wants to go it has to go now JIM? i dont want to see it chop around
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, the 1.618 off that last swing, with the 3D breakdown and then backtest and pop back up would 'normally' tell me they are going to rush it up. But there is so much chop in here trying to read the little moves here is a fool's game. So, at best I can look at the 'context' and areas, and just make a decision and let it play out. I usually see this kind of hyperfluctuating when something is about to happen.
MR
mreiserer
Rep: 110
Posts: 2,220
anyone see the spike on cable?
JI
jimkane
Rep: 3,058
Posts: 33,089
No matter how he tried he could not break free...

Pink Floyd

Sunday night should be very interesting, with this trapped rat coil right in this key area. I hope everyone is able to put the work together to see this. It's an insane X marks the spot ABCD.