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JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, that was a sweet little 1-min bar stop run breakdown there. I love it. Maybe that's all the downside it has, though. You know the games they like to play before they do a Sunday night GLOBEX/Monday run up. But, one of these times we'll get some real downside... It's sure all set up for some right now, as discussed previously. I'm patiently (Hah!) waiting for it...
MA
MarcinO
Rep: 67
Posts: 5,506
And the third at 1.3150-52
AL
albert
Rep: 99
Posts: 3,094
Chart.

Al Kamego


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Sold right off that upper division line for that same set I posted last night, posted here by Al. And where did it sell to? The lower division line...
JI
jimkane
Rep: 3,058
Posts: 33,089
We should get a nice clue on this upmove at these sub-levels:

7.75-8.00

9.00-.50

Somewhere in there 'we see'.
JI
jimkane
Rep: 3,058
Posts: 33,089
And 7.75 got hit while I typed that...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely in here...
JI
jimkane
Rep: 3,058
Posts: 33,089
Interesting, huh?
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, recall my strategy of watching the very first pullback area for a 'big clue'. If something in a trend responds to the very first pullback spot, to me, that's strong. It's something I don't want to see if I'm triggered in a move off the area (and something I love if I'm still with the trend). So, where is the very first pullback area? Right here. Watch closely.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there it goes!!! (it gave way).
JI
jimkane
Rep: 3,058
Posts: 33,089
Now watch the second area, right here, at the key .382/.447.
JI
jimkane
Rep: 3,058
Posts: 33,089
I think it also pays to look at other markets when doing 'intraday swing trading' (daytrading to most). Gold, the currencies, and crude were anything but dead today.