JI
jimkane
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Hmmm, we shall see. This got within 1 tick of the RTH HOD in the GLOBEX there, and has rolled nicely. It is still battling with this key area. It would be a real shocker for this to set a lower high and roll over. I'm not seeing that as a very likely scenario (the only high probability scenario I see, barring news, is up to news highs ASAP, on the usual very low volume), but if it does play out, it could be significant. At the least it may set up a bigger correction. Again, I see the odds of a new high soon at about 99.9999%, but if this continues to roll here in GLOBEX and gives me something, I will be looking seriously at it.
JI
jimkane
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This is really coming off nicely. Let's see if they do anything here at this flat ABCD.
JI
jimkane
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Well, it 'sees' the flat. Let's see if they can get some follow through now off that, or if they 'bounce and roll'.
RO
roofer
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i believe my willingness to look at the short side is driven in part by the action in the stocks that i have traded it seems like forever in a swing account that i mostly keep to myself//it is clear we are at key juncture based on spy...the arguement for completed abcd with abcd in bc leg is good.... i just had to show phm trade that has lasted for months....geometry of setup has tip of tail as target so it was time to go....
JI
jimkane
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Posts: 33,089
Great charts, roofer. My area from yesterday did hold, and it did put in the lower high, for now. Very impressive. I guess the 'news' was a criminal probe into GS. Slowly they seem to be losing the ability to ramp this on bad news. It's probably just a temporary lull, but at some point this house of cards is going to implode, as they always do.
My students should be able to see what this gave me into the big area from yesterday, to get me ready for the short side off the GLOBEX high.
BTW, AAPL rolled within 6 cents of the .886 off the high, by my chart. 6 cents! Incredible.
My students should be able to see what this gave me into the big area from yesterday, to get me ready for the short side off the GLOBEX high.
BTW, AAPL rolled within 6 cents of the .886 off the high, by my chart. 6 cents! Incredible.








