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jimkane
Rep: 3,058
Posts: 33,089
Okay, let's kick some you know what this week in the market. Let's get some posts going. Enough slacking, you slackers.
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rat89
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Posts: 7,015
too funny...


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JI
jimkane
Rep: 3,058
Posts: 33,089
So I'm thinking the ES wants the 1205 area bad, and fast. We'll see. Some time tomorrow or Tuesday? Keep in mind 1205 is just the center of the area.
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jimkane
Rep: 3,058
Posts: 33,089
Let's see if this short-term 1180 area can do anything with this in the meantime.
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jimkane
Rep: 3,058
Posts: 33,089
Is 75.50 going to be it?
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jimkane
Rep: 3,058
Posts: 33,089
Why did I ask the above question?
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jimkane
Rep: 3,058
Posts: 33,089
Did everyone see why this rolled at 77 there to the tick, essentially?
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jimkane
Rep: 3,058
Posts: 33,089
Now, I'm not thinking this will dump to any great degree, but I have this incredible confluence at 55.50-57.75 (center of the area) that sure looks cool. On the way there I have 66-68 and 61-62 (center of areas). But, probably it's done right here at 73.25... 1205 here we come.
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jimkane
Rep: 3,058
Posts: 33,089
And 73.25 it was. Up 5.50 off that so far. But, watch this bearish ABCD here (78.75) to see how it handles it. I think it will handle it fine and shoot off to new highs for the move ASAP, but that doesn't mean I'm not watching, in case...
JI
jimkane
Rep: 3,058
Posts: 33,089
Good thing I took a nice, long nap anticipating a late night in the Sunday GLOBEX, as usual. In crude I am watching two key levels. I do not anticipate anything stopping oil from just going up and up and up, but the recent roll-off was a key 'backtest' of some big time lines, as I anticipated (and discussed with students in advance, of course), and these two levels are potential 'W2's to continue the rollover.

Hah, like betting on crude going down is a high probability event. Nonetheless, the 'backtest' has the potential, one way or another, to set the tone for crude for months, if not even for the next year. Seriously. My levels are:

99.70-.95

101.20-.50

Notice ES just exploded and took out the highs for the session, now up 30. Barely 20 points from that 1205 area. Not too much to ask for the next day or two. If it hits it tomorrow the ES would be up 50 on the day! Nice action. You know which side my bias is on, for sure.
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jimkane
Rep: 3,058
Posts: 33,089
First area in crude hit. Just amazing.
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jimkane
Rep: 3,058
Posts: 33,089
Incredible charts, roofer.

Yeah, you have it covered. But, alas, it is futile. That's why we were exiled (or I was) to the private forum. I mean, the work we show, much of it in advance, the things we see and post (in advance), over and over, how we explain it all, not just post, how we are willing to answer questions, even take on occasional students, and I am not missed even slightly out there. All those posts, all that contribution, and not one single person e-mailed me and said they wish I would post out there, not one post saying what a waste, to drive Jim out. Nope, no one cares. All they do out there (and I mean in all forums, not specifically here) is slam.

Look at that thread for my books at Elite. It's comical, and I'm so far beyond discouraged it is unreal. My work, roofer's work in here, to me it's just so profound, amongst the best material ever discovered in the markets by anyone in any time period in market history (that's my honest opinion). And all people do is attack it, instead of see it for what it is, and go nuts absorbing it. I give up. F#%& 'em. You can lead a horse to water (or the best champagne in the world)...