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jarek
Rep: 94
Posts: 3,474
Here are my lines for today:


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jimkane
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My best timing factor for that 84 area is on 5/6 or even very early 5/7.
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jimkane
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Now that was beautifully engineered, just magnificent. If this goes up from here, my hat's off to them. They gunned the stops to the down side, and then exploded it up, trapping everyone. Maybe that's all they planned to do, but they also like to kick off ramps the very same way. Either way, it was a beautiful, albeit very scummy, dirty trick trap. They are good.
JA
jarek
Rep: 94
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If this was an ABCD than it was very strange one. The fact is that it was the last place possible for a turn - right at .886 - if the LOD is about to hold:


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jimkane
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Now a really nasty, extra scummy trick would be for this stop run to the the upside to be part of a double stop sweep, and then they do nothing with it. They'd have to drive it down now to trap the long side. I think it more likely will get run up now, but let's see. They are really being SOB's in here to all the poor suckers.
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jimkane
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They can't get this off the floor. Now, given the insanity of this market, they'll probably do a 30 point ramp on the European open on some crazy 'good' news like Greece is just fine now, but I can say this behavior normally would tell me this is headed down, and likely big time. But, this is far from a normal environment.

BTW, thanks for the very cool chart post jarek, showing my comment. There was also a set line I had that hit dead on 1202 there, too.
JA
jarek
Rep: 94
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So all the chop was a 4PT sending it to a fresh new LOD:


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jimkane
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Yep, and it got the third push into the area I felt it wanted, and now we could see a monster move up.
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jarek
Rep: 94
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... and looks like only this 4PT was Wave 4 in our 3-4-5 sequence
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jimkane
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Originally posted by jimkane

They sure are holding this, with insane chop, in here, but if they can break it down, watch 64 on the way to 62, there are also some lines and Fibs coming in there.


So, it hits 64.25 and explodes straight up eight points. I mean, I love it, but seriously, how stupid...
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jarek
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Originally posted by jimkane

Yep, and it got the third push into the area I felt it wanted, and now we could see a monster move up.


Do you consider it a 3D even if correction after the second spike is so much smaller than correction after the third spike and the spike line is simply not there?
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jarek
Rep: 94
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Jim and George - thank you for the compliments. Your efforts here have always been a real inspiration for me