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rat89
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starting the topic a little early
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jimkane
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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.
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jimkane
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I'm watching the low 60's next, if they can sell this.
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jimkane
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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!
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jimkane
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Okay, showtime for the ES. Jim has a huge smile on his face.
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jimkane
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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.
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rat89
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Click image for original size
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jimkane
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Okay, another push on lower volume. I hope they monkey-hammer it, but watch that this is it here.
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jimkane
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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...
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jimkane
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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.
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jimkane
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This level, here, that is starting the bounce, it is sort of a line in the sand for whether it can bounce up today or not. Anything much below 65 and it's likely trend until close, in my experience. Note the key TL around 63, too.
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jimkane
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Watch this mini GZ here. I just don't trust 'em...