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MarcinO
Rep: 67
Posts: 5,506
Jim, I am so sorry to hear that. I wish you strength you need to get through this very sad time.
Marcin
Marcin
JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks, guys. I'm kinda in shock right now. I'm not looking forward to when it sinks in.
JI
jimkane
Rep: 3,058
Posts: 33,089
No posts today? I'm sorry if I scared everyone away with my bad news...
The LOD so far is a key area, so the bounce was expected, but, if they continue this down here without any more of a bounce (something that hardly seems likely, given it's straight down almost 30 points from that recent high), the next level is just calling to this like a siren song. That level is at 1297.50-1300.00.
The LOD so far is a key area, so the bounce was expected, but, if they continue this down here without any more of a bounce (something that hardly seems likely, given it's straight down almost 30 points from that recent high), the next level is just calling to this like a siren song. That level is at 1297.50-1300.00.
JI
jimkane
Rep: 3,058
Posts: 33,089
It would still be technically intact until 5.00, but 6.00 is better. All I'm saying is if this move up is 'real' they'd likely come in here. I'm hoping for the lower level I mentioned.
JI
jimkane
Rep: 3,058
Posts: 33,089
It drops to 4.25, so I'd think that's a very negative sign, but the intraday TL is right there, and it is reacting off that, so we don't know yet. It may just 'chop in the low end of the range' here i.e. not go down to a new low and not really reverse or bounce substantially here. That's not uncommon after a big drop like this.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, after the TL hit it reacted and did a 'retest' of the TL, and exploded up. Suh-weet. Now as it approaches the high for the little upmove we'll see if they are serious. It needs a bounce, so I hope they can get it up a bit more.

