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JA
jarek
Rep: 94
Posts: 3,474
Welcome back everybody! Good to see so much activity and some new faces here


There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:

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They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

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RA
rat89
Rep: 0
Posts: 7,015
I see 3355 slv.....may I ask how you derived 3362? tia

Originally posted by roofer

slv has not broken its trending mode..... there is one higher number 3362...AMZN is exactly in the area where a screaming short cover rally could launch. i have not covered but have tightened stop.. it is still trending below ml... i am sitting back and waiting on slv
JA
jarek
Rep: 94
Posts: 3,474
Bulls' last chance to save the day:


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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, up in the ES now? This will be a big clue, if they come in here...
JI
jimkane
Rep: 3,058
Posts: 33,089
Careful of this little bearish tick ABCD in here. This is it, they should be deciding soon...
JA
jarek
Rep: 94
Posts: 3,474
Just to the closest Kane Zone would not impress anybody:

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This lines confluence at 3pm may already be calling
RA
rat89
Rep: 0
Posts: 7,015
beware this abcd?
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JA
jarek
Rep: 94
Posts: 3,474
Second KZ DB ABCD in a row at the same line?

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JI
jimkane
Rep: 3,058
Posts: 33,089
Being cautious here at this .447 off the high.
JI
jimkane
Rep: 3,058
Posts: 33,089
Oops, didn't refresh, you showed it almost seven minutes earlier...
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size

Click image for original size
RA
rat89
Rep: 0
Posts: 7,015
iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....
Click image for original size

Click image for original size