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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.
RA
rat89
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Posts: 7,015
there is so much humor in the geometry.....this looks like a mess, but look how many times the lines got hit on the way down, and where they turned price at the .942.....now let's see what they want to do with it
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JA
jarek
Rep: 94
Posts: 3,474
This .382 DB ABCD simply has to play out if bears want to avoid yet another day of fur beating:
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JA
jarek
Rep: 94
Posts: 3,474
... and I guess they didn't enjoy much previous days of beating:
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jimkane
Rep: 3,058
Posts: 33,089
I wanted to bring my SLW up, and I looked and saw rat had this nice chart. It shows the higher area I mentioned. And, SLW hits another new all-time high today. Like I said when I first mentioned this one...
Originally posted by rat89
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jimkane
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Posts: 33,089
ES ready to dump? The ES looks like it would look, pre-Fed BS, when it was going to dump. Nowadays, though, I'd think it would be artificially gunned up. Crude 'should' check back in after such a run, as 'should' gold and silver. In that case, they could roll a bit, and the ES get a big bid. So, they make the ES look ready to dump, they know they have to come in for it or else, and they sell the others and rotate. Just a thought.
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jimkane
Rep: 3,058
Posts: 33,089
Keep in mind, I am not about to even think about trying to call even a short-term top in crude. I'm just thinking out loud, and acknowledging that crude must pull back at some point. This is an area where that may happen, and the ES clue makes it an interesting concept.