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JA
jarek
Rep: 94
Posts: 3,474
Here are two interesting long term charts of main indexes:


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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
Rep: 94
Posts: 3,474
They still control it but looks like the genie might be out again ...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch here closely. If this flush is to continue I'd expect not much of a bounce, if any.

Did I read this day right, or what? My read was all over this, in my opinion. The clues were there.
ER
EricD
Rep: 63
Posts: 692
yes JIM..spot on..quite day and then bamm..I see that 47.50 area also.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, now an intraday repeat of the daily chart, flush down, and now right back up fast to gain it all back? :-)
JA
jarek
Rep: 94
Posts: 3,474
This week they might be just better prepared to handle the genie
JI
jimkane
Rep: 3,058
Posts: 33,089
This thing has every indication the top could be in. Still, it's tough to beat the MRRD's because they have completely unlimited resources. It's not hard to move a $10 trillion market if you have access to say over $100 trillion and marching orders that say it goes up, period...
JI
jimkane
Rep: 3,058
Posts: 33,089
3-4-5 and done now, or just a series of bounces in what could be a nice little old resumption of the bear? :-) Nah, can't be, the market is 20% undervalued in here. It's going to 1600, on the way to a million. That's what they all say.
JI
jimkane
Rep: 3,058
Posts: 33,089
15 mins left, plus another 15 after cash. Can they get it to 66? 70? :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
You all know what my bias was at that 3-4-5 low. Wow.
JA
jarek
Rep: 94
Posts: 3,474
Looks like it was just a test of morning's LOD and previous price flow:


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RO
roofer
Rep: 3,689
Posts: 3,574
geometry...
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fyi, i took a portion of trade off at line from set... but i kept a portion on with wide stop equal to profit....we shall see...