JI
jimkane
Rep: 3,058
Posts: 33,089
I don't see anything that is going to stop this from new highs for the entire 'bulls#%&' market at this point. I'd like to say I still see the end of April/beginning of May downslide to set up the big push for the election, but at this point, I'm wondering if we don't just get a run all the way until the election. Perhaps Dow 20,000 by then? I sound sarcastic, but mostly I'm serious. I think we will be at new 'bull' market highs within a week. Too bad, I was really hoping for some downside. But AAPL up like 70 off yesterday's low, well, I think that covers the sentiment pretty thoroughly...
As an aside, not that it matters, the ES is at a critical intermediate-term spot right here, as ChairSatan Bern-Qwacke finishes his lunatic ramblings on TV...
As an aside, not that it matters, the ES is at a critical intermediate-term spot right here, as ChairSatan Bern-Qwacke finishes his lunatic ramblings on TV...
RA
rat89
Rep: 0
Posts: 7,015
as far as i'm concerned here is the case for jim's higher high
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RA
rat89
Rep: 0
Posts: 7,015
while the shorter time frame is still pointing down from the set up yesterday....if it goes down, do they mean it? .942 at the last low and the high yesterday...fascinating
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JI
jimkane
Rep: 3,058
Posts: 33,089
Very short-term ES being cautious right here. New highs for the day 'should' be coming soon, but this is a spot where I'm cautious.
JI
jimkane
Rep: 3,058
Posts: 33,089
Phew. Takes out the RTH HOD with a big volume stop run spike. It's free to run, now, and shoot for the GLOBEX high next. All is well on the long side again.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's possible, although I think it highly unlikely, that this could 'fail' here on the 'retest' (the 'retest' could be just under, at, or slightly above the GLOBEX high area), based on one scenario on the higher timefame. That scenario would be one where the recent correction is done in here and down it goes again. The day after the Fed and the AAPL monster move, and down it goes. I think the chances of that might be like one in several billion, but I am still on alert for it, in case.
