This time I'm starting weekly topic.

I have at least six lines here, plus the other stuff. If it ignores all this, does that tell us anything?

Ready?...

It sure 'sees' the area... But the action is just soooooo slow. Why is it taking so long to burst over?

There we go. Took 'em long enough.

What's interesting about this is that it burst up over the main line confluence to stretch to the upper Fibs and upper lines, where it pulled back in slightly here. Although I am still very skeptical this is going to go down in here, this is the 'last chance' for this area, and I am watching it closely.

Originally posted by jimkane

48.75-50.75 here is a very key area. I really doubt it will stop it, but it is a bearish 'W2' ABCD at a key confluence, so it bears watching.

Perhaps it 'backtests' the initial spot and then heads up. Probably this upper part of the area is really a 'sub-harmonic' of the first level. i.e. a separate level of a lower degree. The problem is, with the range so small I can't call it a separate level when it is less than three ticks away. But the breaking of the main line confluence in here really says to me that that level was violated. Who knows, it's just ticks in here with this maddeningly tight range and slow action...

Wouldn't it just be nuts if they surprised me and sold this? Up Monday, 'W2' (the 'guaranteed' sucker play), strong long sentiment, there is just no reason to think they'd sell. And that has me wondering...

Sometimes you get a feeling...

There's the full 'backtest'. Now we see.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Well, I was feeling under the weather, and that's why I didn't post those days, but that wasn't related to my puking comment there. Just a coincidence.

Originally posted by MarcinO

That's what I suspected more or less from your commentary as a whole.
I wrote that post as it was unusual for you not to comment for a few days but didn't refer to the one particular sentence.

Originally posted by jimkane

You do know I meant puking from making yourself sick from the ethical dilemma of holding your nose and buying this overvalued, manipulated POS market, right?

Originally posted by MarcinO

Good to read your comments again Jim

I hope you'll get better soon

Originally posted by jimkane

Nice day. Same old, same old for the maniacs. Nothing has changed, or likely ever will change, in the era of infinite money printing. Hey, as long as it still follow the tools, I guess you hold your nose real hard and do what you got to do... And try not to puke too much.