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jimkane
Rep: 3,058
Posts: 33,089
Just a few hours until my favorite trading time of the entire week. So, how big a gap up today? Slight gap and run? Big gap and slow grind up? After all, it's Sunday in GLOBEX, the only direction is up, right? Recall how they closed this right at a key area. Now, geometry says this may be headed down, right? Yet they like to gun things on Sunday night GLOBEX/Monday. All starting from a big coil. I can't wait...
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rat89
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Posts: 7,015
why here?


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jimkane
Rep: 3,058
Posts: 33,089
Like watching paint dry. I hope this isn't a sign of times to come. Yes, it was easy to position the swing trade off yesterday's LOD, but for daytrading (for me, what I call 'intraday swing trading'), it's been pretty boring during the RTH...

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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jimkane
Rep: 3,058
Posts: 33,089
7 frickin' point range for the day so far...
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jimkane
Rep: 3,058
Posts: 33,089
Watch this GZ here for clues. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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jimkane
Rep: 3,058
Posts: 33,089
I say this in the 'context' of being short off that recent high setup, thinking the next area is that 82-83 zone, and expecting to be disappointed when they come in in the GZ to mess up all the shorts. C'mon 82-83...
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jimkane
Rep: 3,058
Posts: 33,089
Watch the RTH LOD for the 0 or 1 or 2 tick games they like to play. I just don't see them giving me my 82-83... Just can't see it no matter what...
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jimkane
Rep: 3,058
Posts: 33,089
Okay, within 1 tick draws the big jump. Exactly as expected.
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jimkane
Rep: 3,058
Posts: 33,089
Let's see if they can sustain that, or if it is just a little trap and then they let it go. Always with the games.
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jimkane
Rep: 3,058
Posts: 33,089
Just amazing, huh? The tick game, played right off the lower end of the GZ, and then just chop and hack it all over until cash close. It doesn't necessarily mean it won't be going down to the 82-83 area, only that for the RTH close today, they wanted to game it, play the tick game, not let it go. Keep the 7 point range for the entire session. How pathetic. It's all about the overnight, as usual.
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jimkane
Rep: 3,058
Posts: 33,089
I heard the other day that bearish sentiment is at an extreme low. Not an extreme high. There are no bears. Despite the few bears in here, everyone is very, very bullish. And the market is rising nicely. Rising nicely on all bulls. That implies some downside should be coming shortly. Likely it would be swift, sharp, and very short in duration.

That is based on what seems to happen every time it gets lined up for the bears. They get a little, it's fast, and sentiment changes to almost all bears in minutes. That finishes it off, and the programs take over again, grinding it up incessantly, as per the FED and government instructions for use of the free taxpayer dollars and savings they stole from us and gave to the 'big boys' for that sole purpose. That's my interpretation and opinion, anyway.
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rat89
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Monday holidays are great, you get to play tennis on the weekend at the weekday rate