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MarcinO
Rep: 67
Posts: 5,506
If they want to announce the end of the correction they have a nice spot at .382.
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jimkane
Rep: 3,058
Posts: 33,089
Thanks for starting the topic, Marcin. Yes, there are a lot of things coming together from here to down a bit. I may (it will depend on my motivation and energy, which is sorely lacking, sorry to say, with such a low readership in here...) post a new topic showing my intermediate-term work and three incredible 'nodes' (levels, areas, whatever you want to call them), where time and price are coming together, and some potential election year scenarios where they may be used. It's all very cool, but whether I post it or not, we'll see.
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jimkane
Rep: 3,058
Posts: 33,089
Sunday night GLOBEX and the futures are... up. Hmmmm, what a surprise. Let's see if they sustain. I have a feeling I'll be looking at the long side tonight. We shall see, though, those bears have had mighty strong kung fu lately.
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jimkane
Rep: 3,058
Posts: 33,089
It's weakening significantly. That kind of surprises me. It looks ready for a new low for the move any second. Will they come in? I'm not so sure now, as I was just a few minutes ago...
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jimkane
Rep: 3,058
Posts: 33,089
Probably just a probe of the lows and then up it goes strong. That's my guess. But let's see. You know I'm 'hoping' for the breakdown.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon 80-85... Then 60-65. Just humor me, Mr. Market.
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jimkane
Rep: 3,058
Posts: 33,089
This 88.25 at the 1.272 and a 1-min SL, though, it may have trouble with that.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, just one little flush down, that's all I ask...
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jimkane
Rep: 3,058
Posts: 33,089
It just 'feels' like they are going to gun it up any time now. Is this 87.25 it? I'm not trying to 'guess' the bottom here, just saying I'm very nervous in here that they will come in on one of these stalls like crazy.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, I think that is going to be it. 87.25, the low for the move. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
So it is written, and so shall it be...
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jimkane
Rep: 3,058
Posts: 33,089
Asleep at the switch (keyboard).
Actually, asleep on and off, but I was just too hammered to look at the forum anymore.


Originally posted by rat89

You still awake, jim?