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Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
JA
jarek
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Posts: 3,474
Here are two interesting long term charts of main indexes:
Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
RO
roofer
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Posts: 3,574
it is just another trade based on the numbers and the knowledge that for it to work the pullback would have to be sharp and brief....but you know that from your own chart....the coming together of price at line from set with .382, .486, and .618...
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep, I know. And I know you know your game inside and out. I guess when I say be cautious with this one, I don't really mean that I think you should do anything different. Besides the fact that I don't give any trading advice to anyone at any time, I more mean it as a passing comment to reflect that this one worries me a bit, in that I'd just be a bit more tense than usual until it started to move well in my favor. I'm just 'talking out loud' when I say to be cautious, or that a particular setup worries me a bit, for the sake of letting people study my way of thinking.
JA
jarek
Rep: 94
Posts: 3,474
This is like a train. At this pace we should be at new 'bull' market high around 3.30pm ET
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by roofer
it is just another trade based on the numbers and the knowledge that for it to work the pullback would have to be sharp and brief....but you know that from your own chart....the coming together of price at line from set with .382, .486, and .618...
Almost everything goes insanely up - also some other precious metals - but gold is down. This is despite massive inflationary implications of yesterday's decisions. Geometry trumps everything - even logical thinking (of those who don't use it of course)
JI
jimkane
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Can't say I've seen too many 50 pount ES gaps before. Right past my 42-45 and right up to my second area. But will it hit my 80 area today, or tomorrow? And will it resume the downtrend off of one of these two areas? Those are the questions...
Notice the pattern just after 8:30 AM. No signal to exit yet on that 24 trigger entry.
Notice the pattern just after 8:30 AM. No signal to exit yet on that 24 trigger entry.
JI
jimkane
Rep: 3,058
Posts: 33,089
It sure is acting like it wants to take a shot at that 80 area today... Sellers have made no progress at all on any attempts so far. They'll have to make a bit of headway in here soon or they are out of the picture, in my opinion.
