I'm starting this week's discussion.

I won't start with 'Okay'. Finally I'm smiling ear to ear. They did crush it, and right off an area I was watching. The weakness finally was weakness, not another silly trap. Finally.

Originally posted by jimkane

Two quick things. First, I wonder if that's it. It surely has hit my area and drifted off, and it looks weak. I hope it gets crushed. But who knows with these characters... Second, I say 'Okay' too much.

Originally posted by jimkane

.447 and key lines overtaken, as expected. 9 hit so far. Close enough to the 10 area I mentioned. Again, no surprises here. Nothing to see. Move along, folks.

The most likely scenario, I think, is that it reacts to this ABCD (it is right now as I type this), but it only 'retests' the low (not necessarily all the way down, just a little drop here will do), and then it goes up. It may not even go up any notable amount, it may just chop with an upward bias. But I don't think any more selling will ensue. It might do a 3D and set a nominal new low, though, but I think that is not too high a probability. But, again, I'm basing this on manipulation behavior, and they may have turned the manipulation machine off for now. If so, this could sell a lot more, even today.

Originally posted by jimkane

Understand that this has dropped quite a bit here with little correction (and I love it!), and is now sitting on potential 'support', but this could be a bearish TD ABCD here, too (look on a 5-min). I think it needs more correction i.e. a bounce, in here, but you never know, hence I am pointing it out.

Point is, what it does here tells me a lot about the games they are playing, and if an intermediate top may be in, and the 'big' downside I am expecting to prep for the election games has started.

Carl Futia says as soon as we drop to 1385 or so we zoom up to 1442.

Sometimes I amaze even myself

Originally posted by jimkane

The most likely scenario, I think, is that it reacts to this ABCD (it is right now as I type this), but it only 'retests' the low (not necessarily all the way down, just a little drop here will do), and then it goes up. It may not even go up any notable amount, it may just chop with an upward bias. But I don't think any more selling will ensue. It might do a 3D and set a nominal new low, though, but I think that is not too high a probability. But, again, I'm basing this on manipulation behavior, and they may have turned the manipulation machine off for now. If so, this could sell a lot more, even today.

Originally posted by jimkane

Understand that this has dropped quite a bit here with little correction (and I love it!), and is now sitting on potential 'support', but this could be a bearish TD ABCD here, too (look on a 5-min). I think it needs more correction i.e. a bounce, in here, but you never know, hence I am pointing it out.

And yes, this is now a bigger potential bearish ABCD in here, so if it needed more, but not much more, it could roll over off this. I don't think it will, as the manipulators seem to still be hanging around, but I will be very cautious.

Watch this 95.25...

.300/.447 pullback off that 95.25, and up it goes. So far, so good.

Nice stops over that 'failed' D point on the ABCD. Suh-weet.

What a SL here on the 1-min. Lots of stuff overhead for this thing. My next short-term levels are say 97.50-.75, and 1400.25-.50. But, if this gets going, I think it would really want at least 1.75. With the key .382 and larger .300 sitting right here, though, at this SL, it has a tough row to hoe, and may be done. We'll see.

Please, everyone, read this post I did:

http://www.mypivots.com/board/topic/4050/-1/jims-economic-links#99179