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jimkane
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Well, since jarek is off this week, I guess I'll start the topic this time...
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roofer
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rat - i dumped my whole position there.... uso opened and traded to .886 on gap on 5 also....if the tools have merit....had to go... could be a gigantic bear trap..
JI
jimkane
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Posts: 33,089
So, any chance they'll come in here at this clear ABCD at a .382 and line? The key issue is that this correction balances with those in this last rocket run, but coming off a big exhaustion area, this desperately needs more. The 'context' is tough to bet they come back in already, doing the typical 'one-day wonder' they always seem to do on the downside lately. Hard to believe they could do that again under these circumstances. Let me say this, if they do: a) I'll be shocked at their blatancy and audacity to manipulate that obviously, and b) someone should give them a cigar if they do...
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roofer
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obviously........ my kind of day..... pounding .382 retraces to targets..... check out AA..... INTC @..886 ON GAP ON 5 AT GEOMETRY.
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jimkane
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Generally, an area like this will frequently bounce it even if it isn't going to set a new high, so I'm watching to see if this is the bounce area, and then a roll up higher if the intention is a bigger correction. We'll see. It's all about how it acts in here.
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jimkane
Rep: 3,058
Posts: 33,089
Understand, though, if this is a 'W3', it should really start dropping from here.
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roofer
Rep: 3,689
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if someone will go above and copy my charts on trend days and move them here. under TREND DAYS.... i will add some great trend day work from today.....
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roofer
Rep: 3,689
Posts: 3,574
the key is to do the hard mind numbing work to know when the indexes are going one way and certain stocks are going the other way.as the indexes are going up you will get to the point when 90% of your stocks are on sell... then the indexes go down... here is why i was short AMZN all day as the indexes were going up..



