JI
jimkane
Rep: 3,058
Posts: 33,089
Now, understand, my work has a lot right in this area. It should at least produce a bounce. I'm ready for this. It may reverse it. I'd just think the air pocket below would be very tempting, and really draw them.
JI
jimkane
Rep: 3,058
Posts: 33,089
CL is just nuts. It made the entire drop back in like four minutes. Look at a 1-min chart, for those of you that don't have tick charts. Wow!
JI
jimkane
Rep: 3,058
Posts: 33,089
1-min volume climax level. Either it is temporarily done, or they are going to hammer it. It could roll down one more time and put in a lower volume, too. This should be interesting.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, another push on lower volume. I hope they monkey-hammer it, but watch that this is it here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Tiger by the tail. This is a time, in my opinion, to let it breathe and see what it has left to do. But it could be climaxing any second now...
JI
jimkane
Rep: 3,058
Posts: 33,089
Short-term that looks like it. Now we see intermediate-term (I'm using those terms intraday, not in the usual way) what it will do.
