JI
jimkane
Rep: 3,058
Posts: 33,089
60.00 did bring the bounce. Mostly it has been chopping since, but I think it will resolve to the upside. If this ABCD was going to sell this, I think it would have done it by now. Once it gives way, it should produce a 'squirt' reaction to the upside, I suspect. We'll see. There seems to be no real buying conviction at these lower prices so far.
JI
jimkane
Rep: 3,058
Posts: 33,089
Boy, they were coiling to take it out into the cash close, and the area just turned it back. I don't think the area will hold, but it may take the aftermarket to do it. Then, again, it may surprise me.
JI
jimkane
Rep: 3,058
Posts: 33,089
This area is like a brick wall, and they keep trying and trying. Like the ram butting his head against the dam. I can't imagine, no matter how hard I try, that this area will hold and turn it down. It may not do much after it takes the area out, but they want it so bad I can't see them denied. We'll see, though. It will likely happen headed into the European open, the way it looks now.
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane
Al,
I think something is wrong with your first chart, it goes from April 2 to 16 in one shot, there. I think it is missing all the data in between.
Originally posted by albert
Kane 4 PCP ABCD completing at Kane Zone.
Al Kamego
Click image for original size
Click image for original size
I was offline from about April 2 to April 16. My IB Time-based data, RTH and GLOBEX, filled in that time period upon proper refresh OK, but the Tick charts do not refresh that far back (at least not upon my command). Anyway, my bad. I should have checked those Kane ABCD data points on the tick chart against refreshed GLOBEX data. I am usually more careful, since I have seen some beautiful setups on non-properly refreshed data, that were not real, but only apparent. I call it 'siren song' of unrefreshed data.
Thanks for the heads-up, Jim.
Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
They are acting like they'll take the area out in the regular aftermarket, and not wait for the lead in to the European open. Usually it just goes dead until then, but I think they'll gun those stops shortly.