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MA
MarcinO
Rep: 67
Posts: 5,506
If they want to announce the end of the correction they have a nice spot at .382.
RA
rat89
Rep: 0
Posts: 7,015
fascinating....do they mean it or is it part of the game.... 1.27 dbs at line, followed by .886 at line on a day that opens with a gap. with what roofer calls hidden divergence between the cci 40 and cci 10
a trip back to the blue median line would make for an interesting afternoon
a trip back to the blue median line would make for an interesting afternoon
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JI
jimkane
Rep: 3,058
Posts: 33,089
Now up 23.25 at the HOD. Hmmmm, must have been just a good guess on my part, huh?
Originally posted by jimkane
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...
Originally posted by jimkane
Probably just a probe of the lows and then up it goes strong. That's my guess...
Originally posted by jimkane
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.
Originally posted by jimkane
I think we are headed for big up now.
Originally posted by jimkane
I may be totally wrong here, but I think this will be up 20, possibly 30 off the low by tomorrow...
RA
rat89
Rep: 0
Posts: 7,015
and at the more logical spot, here is the 3rd time today that the 1.27 stopped the move.....let's see what they want to do with it now
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JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks, rat.
Originally posted by rat89
except that you're not guessing jim, you know the game
JI
jimkane
Rep: 3,058
Posts: 33,089
I wish I had posted my intermediate-term (actually, not quite intermediate, but above the very-short-term levels I post for 'daytrading') levels last night, but I crapped out on posting. The first area was 1310, right at the previous key swing high. That's our high for today, so far, so as you can see on rat's charts, this is a very key spot.
It may not contain it, but being up 23+ off the low and sitting right at this key spot, we may see some struggle for awhile. I'd like a nice sell to form a buyable dip, but somehow I'm just doubting they'd give that to us. Just too easy. So, I'm curious how they'll handle this. And recognizing the trading challenge that will provide. Of course, at this point, my viewpoint is 'long-side management mode'. But scaling triggers are imminent, so what then is what I'm getting at.
It may not contain it, but being up 23+ off the low and sitting right at this key spot, we may see some struggle for awhile. I'd like a nice sell to form a buyable dip, but somehow I'm just doubting they'd give that to us. Just too easy. So, I'm curious how they'll handle this. And recognizing the trading challenge that will provide. Of course, at this point, my viewpoint is 'long-side management mode'. But scaling triggers are imminent, so what then is what I'm getting at.