JI
jimkane
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And right up off it it went. To where? 13.00, the first key area. 13.00 is super-key here for this to overcome to rise strongly. I think it is ready for the assault, which I expect it to win. We'll see.
Originally posted by jimkane
This 9.75 area is definitely an area to watch. It might be it for the 'correction'.
JI
jimkane
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Very interesting how this 13.00, which is a primo area (albeit the very first one on the way up), is really holding this, and producing multiple reactions. Very curious.
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jimkane
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And now does 9.00 send it back up to the next line, or does it finally 'break down'? Up I think is higher probability.
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jimkane
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But, understand, 'guessing' on probabilities for narrow range line to line ping pong is not part of the KT methodology, I'm just talking out loud as I wait, bored to tears, for the market to close...
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jimkane
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It's starting to go crazy right here, at the 'drop zone'. They don't want to let it go, but it wants to...
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jimkane
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Swoooooooooooooooooosh. They couldn't hold it. Now, will it do the obligatory snap back, and that was it, a stop run, or is this actually going to go down a little?
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jimkane
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This 6.75 area is very key to the intermediate-term. Very key. Big clue time.
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jimkane
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Another new low. This looks weeeeeeeeeeeeeeeeak. That's quite surprising to me, even though this is coming right off the area I mentioned last night. Carl Futia has this at 1442 in a week or two. Hard to imagine they'd do a real correction in here. SBUX is up 11 days in a row now, 14 of the last 15, by my data. AAPL exploded to new all-time highs again today. I mean, who would sell in here?
