JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, no one has started the new topic, so here it is. Silver ready to hit 48, gold at another new all-time high, ES futures are up and rising, the Aussie is looking strong, CL another new high for the move, and working on that contract high. Same old, same old. 'Risk on'.
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek
They still need to push ES slightly higher to get the stops above previous high...
Was this 3 points into new high territory good enough to achieve it?
Click image for original size
BTW I think we could find our name for the zone between 1.128 and 1.272. We already have Kane Zone, Game Zone so how about Stops Zone here? Any other suggestions?
JI
jimkane
Rep: 3,058
Posts: 33,089
This is the setup I was referring to in the posts I had made last night. Nailed it it to tick off that .886.
Originally posted by jimkane
...ES now starting to make a move after its 'retest'... 'Risk on'...
Originally posted by jimkane
Watch this .786 ABCD in silver... Big clue time. Note that gold also has a similar ABCD, and the ES, too, which just did an .886 'retest' and it is looking weak off that. As I like to say: 'Showtime'. Now we see.
Originally posted by jarek
In fact we have a small bullish ABCD in ES, that could be a launch pad for a top attack:
Click image for original size
TX
tx_ches
Rep: -10
Posts: 514
Is this the area that Jim says they gun it? If so then Gun Zone.
Another suggestion: caution zone or "yellow" zone because in the "states" we use yellow lights for caution. But that might be confusing because Jim frequently warns of caution.
I'm fine with Stop Zone but naming is always fun to play around with.
Another suggestion: caution zone or "yellow" zone because in the "states" we use yellow lights for caution. But that might be confusing because Jim frequently warns of caution.
I'm fine with Stop Zone but naming is always fun to play around with.
Originally posted by jarek
BTW I think we could find our name for the zone between 1.128 and 1.272. We already have Kane Zone, Game Zone so how about Stops Zone here? Any other suggestions?
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jimkane
This is the setup I was referring to in the posts I had made last night. Nailed it it to tick off that .886.
I must have been still sleeping not to notice it
JA
jarek
Rep: 94
Posts: 3,474
Interesting situation in AAPL:
Usually such straight shots to the Game Zone don't bode well for the further move off an ABCD. Let's see how the bulls will cope with that this time around
Click image for original size
Usually such straight shots to the Game Zone don't bode well for the further move off an ABCD. Let's see how the bulls will cope with that this time around
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, and AAPL down on a monster up day. Many former leaders are now totally dead weight. It's a very curious situation that in 'the old days' pre-manipulation would indicate to me that an intermediate top was likely forming, if not a long-term top. But nowadays it likely means they are pausing and will get picked up as soon as the gov tells the PD's to buy 'em again, and gives them another few trillion to do it...
RO
roofer
Rep: 3,689
Posts: 3,574
yep.... monster up day....
Click image for original size
Click image for original size
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
See, that's what I'm saying. New high for the entire S&P 'bulls#%&' market, and look at some of these former 'leaders'. 'Normally' I'd be screaming intermediate or even long-term top, but noooooooo, not nowadays. Tomorrow Bern-Qwacke will probably say he's going to add another $5 trillion, and he wants it to go directly to stocks this time, not indirectly to stocks...
