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MarcinO
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Beginning of this week may be really exciting given election results in Greece and France.
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jimkane
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No comments? With an open like that? C'mon, crew. Anyway, nice plunge, good stop run and shake below the big, key area everyone is watching, but I think that's it at 42.50, and now they'll bounce it. We'll see, I may be 100% wrong, but I think tomorrow is up, or flat at the worst. Imagine that. As an aside, short-term this has triggered a long awhile back. Now I wait and see if it has any juice, or if it is just a little bounce and roll.
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rat89
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Posts: 7,015
so much for the usual sunday night bounce, eh?
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jimkane
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Posts: 33,089
Yeah, it sure doesn't look like it is going to be up tomorrow...
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jimkane
Rep: 3,058
Posts: 33,089
My confidence in the read of a gap closure and the ES going +, if even for just a moment, is now rising. I still think that's what they want, and I think it has a chance.
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jimkane
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Posts: 33,089
I mean, over 60 points straight down in this environment of manipulation up, come on.
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jimkane
Rep: 3,058
Posts: 33,089
'So it is written, so shall it be...'

This is too funny. I make the most outrageous read perhaps to date, one that I even had a few qualms about posting because I was worried it would make me look like an a#% it was so crazy, and it goes non-stop right up to + on the day, and even throws in a beautiful DT ABCD for the day traders who didn't get long last night, which then runs over ten full points (so far), and not one single post in the forum.

I know, everyone is busy doing other things, or they don't want to post. Recall my recent post about how I'd probably post more, or in more detail, if I saw other participation and comments... Oh, well, at least I'm able to do this and follow along and post whenever I see fit to. I guess I should be very happy about that. No other distractions, no limitations except my own self.

Okay, what's my next outrageous read? Anyone think I have an idea where to from here? Yeah, maybe I have an idea. But I'm not going to post it. Not until I see some other posts and charts from other people.

Understand, it's not about how 'great' I seem to read the market at times, it's about everyone in here having a shot at learning how I do this. So far, that is just not happening. That process is a two-way street...


Originally posted by jimkane

Posted-05/06/2012 : 19:37:47

...Anyway, nice plunge, good stop run and shake below the big, key area everyone is watching, but I think that's it at 42.50, and now they'll bounce it. We'll see, I may be 100% wrong, but I think tomorrow is up, or flat at the worst. Imagine that. As an aside, short-term this has triggered a long awhile back. Now I wait and see if it has any juice, or if it is just a little bounce and roll.


Originally posted by jimkane

Posted-05/07/2012 : 03:31:19

My confidence in the read of a gap closure and the ES going +, if even for just a moment, is now rising. I still think that's what they want, and I think it has a chance.
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rat89
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Click image for original size
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rat89
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Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
58.50-60.00 my next spot to watch.
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jimkane
Rep: 3,058
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Assuming, of course, it overcomes this ABCD at 54 and the .382/.447 area here. I see little issue with that happening.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, the SPY just set a new low for the move, exactly as I thought.