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


Click image for original size


Click image for original size


Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
ER
EricD
Rep: 63
Posts: 692
just a small check back ....it looks like the 59-61 ia an attractor..
ER
EricD
Rep: 63
Posts: 692
the squeeze is on....
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, that 62 that turned it down so many times yesterday, when that gives way, the stops should all be jammed over that. And you can bet they want those.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, that 43.75-44 triggered long from this AM looks pretty nice over 62 :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
62 sure scares it. I can't imagine they wouldn't just pull it back to get traction for a big stop run, but we'll see. Imagine if that was it, turned down permanently at that level. Well, it's fun to dream, anyway...
ER
EricD
Rep: 63
Posts: 692
what a gret intraday play..
ER
EricD
Rep: 63
Posts: 692
that would be grat just dotn see it as everyone forum and blog says the gap below cant be left unfilled.
JI
jimkane
Rep: 3,058
Posts: 33,089
Just another day at the office, nothing special. Great setup, but I see them usually day in and day out.
JI
jimkane
Rep: 3,058
Posts: 33,089
Stops coming any second now... Watch the illiquidtiy gap on this one.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here they come...
RO
roofer
Rep: 3,689
Posts: 3,574
geometry...
Click image for original size

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...