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    jarek
    Rep: 94
    Posts: 3,474
    5
    Jim suggested to take a look at daily charts of some secondary indexes and here is my current $RUT chart:

    Click image for original size


    The green ML of a set based on big bearish 3D happens to be also a neckline of a classic head and shoulders. If bulls would not be able to defend this line next week, then a move to the lower ML should follow. This would also be a perfect fulfillment of a successful H&S pattern.
    It is all the more interesting as this big bearish 3D fell dead on at the upper ML of a quite important set:

    Click image for original size
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    2
    Area hit. Now we see their real intentions.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    How many buyers do we have here?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Top of the hour Treasury report.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    ???


    Originally posted by jimkane

    How many buyers do we have here?
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    one here....
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Well, you got a smoker.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    Careful in this 67 area.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    2
    Is that something, or what? Are people starting to grasp my areas and posts?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Wow!!!!!!!!!!!!!
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    wow.....right in the zone of the dbs 1.46 - 1.618
    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
    it might have to, and we'll find out soon



    Originally posted by tx_ches

    I could certainly see it going lower though.