Let's see if this works....never tried to start a new topic...

having bounced off the .886 friday, will it aim into the area of interest up at the .886 of last week's high, or into the box at 1.128 - 1.27, and what will it do up there?

There is some symmetry in that both blue arrows are at .886....ultimately you might expect a move that mirrors the mid march - may move, but without a significant pullback into an abcd, which we haven't seen yet?

I hope not. But it is quite an area for a bounce.

Amazing how fast they oscillate this. Real indecision.

It does look ready to break down any second. But, they've conditioned me well to grasp that when that happens, they will ramp it aggressively. And they always will, until they don't. And when will that be? We'll know after the fact.

It sure acts like it wants to ramp real bad. What a conflict. Over two years of a bad habit, versus reality...

And the nominal new LOD, and the obligatory bounce. How boring. C'mon, baby, collapse.

And every time it starts to bounce I say 'Is this the big bounce I'm expecting?'...

Unfortunately, the way this market is managed, no way it will drop 30 points and then be allowed to drop more. The 'norm' is to flip-flop it right back up. At some point that may change, but that has been the norm as I see it for some time now. So, I just don't expect downtrends to persist much...

And another nominal new LOD, and another obligatory snap back?

New LOD was by one tick, and there's the snap. Just silly.

Straight up. Over and over they've done this.

roofer,

I am very sad to hear about your recent misfortune. I will keep you in my prayers. I pray you have a complete recovery and return to your full strength and health. God bless you.

Good Trading, Al Kamego