Here it is.
Al Kamego
JI
jimkane
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Well, I know it's what they want, real bad. But, as I said, 'chop in the low end of the range' is the most likely outcome, based on my work. Today is a little tricky, I can see a new LOD here, a real one, as an increasing possibility, despite how much I know they want to gun this.
JI
jimkane
Rep: 3,058
Posts: 33,089
See? That new LOD isn't off the table yet. I'm just hangin' around, waiting to see how they resolve it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nope, 'chop in the lower end of the range'. Highest probability event, based on my work.
JI
jimkane
Rep: 3,058
Posts: 33,089
'Chop in the lower end of the range'. It's quite a theory. When certain conditions exist, I look for it. It saves me a lot of heartache. So it was today. Nice day up to the LOD, nice day to the key first geometric rollover spot, nice sell off that, but then the conditions were in place for 'Chop in the lower end of the range', I recognized it, watched the GZ and LOD, and then adjusted my behavior accordingly. That had me watching the rest of the session as the highest probability event, based on my work, once again unfolded. E-Z-P-Z.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is really worth reading and considering. Especially with the analogy of the upcoming banking crisis (and really, currency crisis).
http://www.zerohedge.com/news/citi-near-term-stock-forecast-9300-djia-985-sp-sees-chart-analogs-pre-world-war-periods
http://www.zerohedge.com/news/citi-near-term-stock-forecast-9300-djia-985-sp-sees-chart-analogs-pre-world-war-periods
