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rat89
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Posts: 7,015
starting the topic a little early
JI
jimkane
Rep: 3,058
Posts: 33,089
I have to admit, I am surprised it has weakened even this much off that little ABCD. There are still bears about. It may even set a new low. I'd think those bulls would have more than that. I'm still expecting them any second...
JI
jimkane
Rep: 3,058
Posts: 33,089
Ah, the power of the setups. Watch this 73.75, as I am still not convinced 'they' will let this sell too much. I'd love to be 'wrong' on that, but I just don't trust 'em.
JI
jimkane
Rep: 3,058
Posts: 33,089
73.75 may well be it. If not, I'm still expecting a 'big' bounce.
JI
jimkane
Rep: 3,058
Posts: 33,089
And once again the sellers are still present. Don't get me wrong, I am favoring the short side. I'm just so expecting the bulls to do a 'Friday ramp into the close for Sunday night GLOBEX up' that I am wary of them. Every area they could bounce off of, though, they barely get started and they get pounded again. It's just so strange to see. I love it, but it is just so odd. I just can't 'see' the downside. If it happens, great, but I just can't 'see' it...
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch this mini GZ here. I just don't trust 'em...