Here is the TD page for the upcoming week.
Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
I think this thing is going to rise quite strongly off this area. It may not sustain, but for now, I think a goodly rise is due. We'll see. It loves to surprise me.
JI
jimkane
Rep: 3,058
Posts: 33,089
Funny, though, shortly after I posted that they rolled it over again. My preference, as always, is that they crush it. Like roofer, I'm never happier than when I'm heavily short and the market is moving down. So, if they absolutely crush this I'll be dancing with joy. But, I suspect they want to come up with some lame 'printing more money' news item, and gun it up for awhile first. I'll just go with the tools, the setups, whichever way they point. But my gut says they want to suck some longs in soon...
JI
jimkane
Rep: 3,058
Posts: 33,089
The best thing I have heard, I think, is this. The market is done, toast, time to implode, once the Facebook IPO is done. Look at the recent big IPO's that are now in the record books. P, Z, LNKD, and finally the biggie, GRPN. All doing poorly. Once FB hits, then it's game over. Look at the big flyers, slowly giving way one by one. SODA, GMCR, NFLX to name just a few. Some are still holding. Look at PCLN and CMG, among many, many others. Soon they will all give way, one by one, I think. Then this thing can really dump. All the stars are lining up, all the ducks are getting in a row. Same pattern as always, and it's happening again. Watch for Facebook...
JI
jimkane
Rep: 3,058
Posts: 33,089
Wooooooooowwwwwww!!!!! Now there's the swoooooooooosh I was talking about. That was among the fastest 15 points I've seen in awhile. It has now fully hit my primary area on the higher timeframe. I wonder how close this would be to roofer's posted area, if the SPY was trading here. Call me crazy for thinking that bounce and checkback there on the 1-min was a long setup...
JI
jimkane
Rep: 3,058
Posts: 33,089
78, 82, 86 are my levels. I'd like to see 86, which makes up the entire drop and then some, a reasonable goal for them to shoot for. Watch that ABCD at 78 closely, though...
JI
jimkane
Rep: 3,058
Posts: 33,089
.886 ABCD at .300/.447 turned it right down hard. See why I said very careful there?
