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jimkane
Rep: 3,058
Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.
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jimkane
Rep: 3,058
Posts: 33,089
Understand, when they are going to play games, they will do this. I use myself as a gauge. If they make me think 'up' and only 'up' I suspect they are ready to spring a trap. Just a thought.
JA
jarek
Rep: 94
Posts: 3,474
Looks like up, but such count is still possible:
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
BBBY up a little today, blasting off to new all-time highs, up about 12% on a huge gap. Reason? A report from buyins.net was released that said conditions are bullish and they are expected to go up. Hmmmm. Sounds like an instant increase in market cap of a billion and a half dollars is justified, then...
RA
rat89
Rep: 0
Posts: 7,015
and I have to say.....a late day abcd that ends at the first hour low (from below) says down into the close to me......also I see the opposite all the time...the late day bullish abcd ending close to the first hour high and up into the close...
Originally posted by jarek
Looks like up, but such count is still possible:
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jimkane
Rep: 3,058
Posts: 33,089
Notice the 'headfake' over the downtrending TL, and now the drop. Back to the same grind as before, or it is a trap before a drop??? Or will they drop it below and do another trap there?
Originally posted by jimkane
Understand, when they are going to play games, they will do this. I use myself as a gauge. If they make me think 'up' and only 'up' I suspect they are ready to spring a trap. Just a thought.
RA
rat89
Rep: 0
Posts: 7,015
"bring out your dead!......bring out your dead......!"
Originally posted by jimkane
BBBY up a little today, blasting off to new all-time highs, up about 12% on a huge gap. Reason? A report from buyins.net was released that said conditions are bullish and they are expected to go up. Hmmmm. Sounds like an increase in market cap of a billion and a half dollars is justified, then...
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by rat89
....a late day abcd that ends at the first hour low (from below) says down into the close to me......also I see the opposite all the time...the late day bullish abcd ending close to the first hour high and up into the close...
Good observation Rat!
JI
jimkane
Rep: 3,058
Posts: 33,089
"I'm not quite dead yet..." Whack.
Originally posted by rat89
"bring out your dead!......bring out your dead......!"
Originally posted by jimkane
BBBY up a little today, blasting off to new all-time highs, up about 12% on a huge gap. Reason? A report from buyins.net was released that said conditions are bullish and they are expected to go up. Hmmmm. Sounds like an increase in market cap of a billion and a half dollars is justified, then...
