JI
jimkane
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Jim must be very, very happy, because the futures opened... down. Just three points now from the low for the entire move down. Can't imagine they won't try for that. It should bring on a nice flush down, but nowadays they may defend it, or guard against a big stop run, who knows. I still think they may gun this up at some point, but maybe not. I just know I'm not marrying any positions the way they like to come in.
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jimkane
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I wonder how much lower this has to go before the bloggers will give up on their call the bottom is in. First it was 1330, then when that went, 1320, then when that went, 1310, and now 1310 is gone. 1300 next? Will they keep that up until my 12's areas? I'll know the bottom is close when 'they' say this is a downside breakout and state much lower targets. That's when the bounce will start. Notice how 'they' love to call upside breakouts, 'they' are very quick to call them, but downside breakouts? Rarely a peep out of them. When 'they' finally call one, you know it's done for now. I'm just sayin...
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jimkane
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BTW, I'm smiling so hard right now I'm going to need an ice pack or a heating pad (which would be better?) for my face after the market closes.
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jimkane
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Posts: 33,089
This is so close to a 12 handle, and I think 'they' (a different 'they' than the blogger 'they') would not want that to print.
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jimkane
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Okay, watch this 1304.25 very closely, that may be it. I hope not, but I'm being cautious. I'm 'hoping' for a collapse and panic sell that triggers all the bots. 'Flash crash'.
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jimkane
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Posts: 33,089
4.25 draws the bounce, but then it weakens right away. I love this. Any chance it has it can't do a thing with it. 'Ride until close' (cash close is here now), and beyond, 'management mode' is my philosophy right now.
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jimkane
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Posts: 33,089
This is getting close enough that they may want to see if they can sweep those under 1300.00 stops. I am in heaven.