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jimkane
Rep: 3,058
Posts: 33,089
T minus 5 minutes and counting... But we already have some indications from the spot FX market.
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jimkane
Rep: 3,058
Posts: 33,089
Believe me, what happens here will really tell the tale. This is big.
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jimkane
Rep: 3,058
Posts: 33,089
A 4 point checkback and strongly rising? You're serious? You cannot be serious. That's all one of the most monster areas I've seen in awhile can do? What does that say?
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jimkane
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Posts: 33,089
It smoked the area after a 4 point checkback. With this volatility, 4 points is just noise! Now up 50 off the low! Dow lagging, up only 420 off the low. How does my crazy read for ES 1140 sound now, at 1127 already? This market is insane. I can see that 1180 by tomorrow with ease.
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jimkane
Rep: 3,058
Posts: 33,089
1138... Even when I posted it I wasn't really that sure it wasn't one of the more crazy things I've ever posted. Now...
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jimkane
Rep: 3,058
Posts: 33,089
38.75. Center of the key area is 40.50-41.00. It's hit the 'official' area. But, will it check back 4 points, and then smoke the area on its way to the next level? I suspect so.
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jimkane
Rep: 3,058
Posts: 33,089
1141.50... Up 64.50 points off the low. I'm dumbfounded. Speechless.
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jimkane
Rep: 3,058
Posts: 33,089
I've got a minor level at 46-48.25, a half-way decent level at say 58.25-61.25, and then the big .382 at 1180.50. I suspect we'll see 1180 before I go to bed.
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jimkane
Rep: 3,058
Posts: 33,089
48 stopped it dead, but for how long? Will it actually check it back a full 4 points again?
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jimkane
Rep: 3,058
Posts: 33,089
Ooooh, 7 points back so far...
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jimkane
Rep: 3,058
Posts: 33,089
Wouldn't it be ironic if my most minor area capped this rally?
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jimkane
Rep: 3,058
Posts: 33,089
And then right back down into the close! Too funny.