AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane
I think this is pretty funny:
http://www.zerohedge.com/news/friday-humor-so-you-wanna-be-trader
Pretty funny.
Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
SPY still dropping after hours, about another three ES points equivalent. Very interesting. Things may change as they discuss what to do over the weekend, but it sure doesn't speak for 'up' on Sunday night. I still can't fathom a drop through the key area this is sitting on with no fight, no bounce, just plunge down, then more down. It could happen, but it is so uncharacteristic.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, the SPY is still dropping. Another two or so ES points equivalent, so about five points from the ES close. They are just killing this thing. I mean, I love it and all, but I guess after all this relentless up, I just can't believe 'they' would let it go down at all. But, in my opinion, it's all part of the QE3 and election plan.
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane
... This looks like it might lead to some real downside, though.
You were not kidding.
Kane ABCDs on the way back up.
Al Kamego
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AL
albert
Rep: 99
Posts: 3,094
Kane DT ABCD completing at 0.618 fibo/Trader's Dream. I like this volatility.
Al Kamego
Al Kamego
Click image for original size
AL
albert
Rep: 99
Posts: 3,094
Quote from Jim Kane
2-May-2012 at 3:51 AM
I think I messed it up. I wanted to comment Monday, 05/07/12 using a quote you made 05/02/12 regarding "...some real downside" ahead of us. I guess my mind skipped a gear(this rarely happens )and I posted under the “Trading Discussion, week of 4/30/12 to 5/4/12” section. My apologies. Oh, the shame.
I cannot speak for rat, however.
2-May-2012 at 3:51 AM
Originally posted by jimkane
And it turns out to be another spectacular snap trap head fake, this time for a down move. You don't see that too often nowadays. You know Jim is smiling very big now because any downside always makes him smile (and smile big). But, I really didn't think they had any selling in them, the way they've been gunning this lately. So, now I watch and see if this is just a bigger snap fake down below the entire area to the left, and then up it goes. In other words, I spend a lot of time watching them set up traps and spring them, instead of doing what I should be doing right now, and that is sleeping... This looks like it might lead to some real downside, though.
I think I messed it up. I wanted to comment Monday, 05/07/12 using a quote you made 05/02/12 regarding "...some real downside" ahead of us. I guess my mind skipped a gear(this rarely happens )and I posted under the “Trading Discussion, week of 4/30/12 to 5/4/12” section. My apologies. Oh, the shame.
I cannot speak for rat, however.