JA
jarek
Rep: 94
Posts: 3,474
Another new high on Monday morning. I guess less and less shorts want to keep their positions over the weekend so once this sequence fails it might be a spectacular failure
AL
albert
Rep: 99
Posts: 3,094
Nice Sunday evening & Monday morning price action. A good start to the week. Kane 4 PCP & Kane EXP.
Al Kamego
Al Kamego
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JA
jarek
Rep: 94
Posts: 3,474
Here is Jim's set from last Thursday with some outer lines added. Hard not to notice that it is still very well respected by the price:
Thick red line is .941 of the Jan-Feb drop.
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Thick red line is .941 of the Jan-Feb drop.
JA
jarek
Rep: 94
Posts: 3,474
Looks like Jim wants to see how this place would look like without his daily contribution...
JA
jarek
Rep: 94
Posts: 3,474
Pretty fast drop off the recent high which was right on the outer division line of the set mentioned earlier today:
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JI
jimkane
Rep: 3,058
Posts: 33,089
Originally posted by jarekWell, as a teacher the role is sometimes to show some concepts, do some guidance, and then give the students some room to run with it. The teacher can then see what the students can do, to assess them, and to condition them to run on their own. On the other hand, when a teacher does this and the students not only don't run, they don't even show up for class, well, that can be very discouraging. The few students like jarek (and some of you others who are posting) can give a teacher a faint glimmer of hope in the overall process.
Looks like Jim wants to see how this place would look like without his daily contribution...
JA
jarek
Rep: 94
Posts: 3,474
We haven't seen such a drop in quite a while. Chances for a double top with January's high?
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jimkane
Okay, keep an eye out right in here.
Are you watching this?
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JI
jimkane
Rep: 3,058
Posts: 33,089
Originally posted by jimkaneJim, sometimes you are amazing. Rock me, Jimadamus.
Okay, keep an eye out right in here.
I'm just having fun. But, do the work and you can see why I said that. There is a really cool TL that played into this, and that set with the division line, which hit it dead on. But also do the retracements, price projections, and expansions to find the area (don't post expansions in here if you are a mentor student, those are part of the nondisclosure material). It all comes together right in the area it turned. Add to that the volume signature, and there you have it.
