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JI
jimkane
Rep: 3,058
Posts: 33,089
Just over 21 hours and change... I can't wait.
JI
jimkane
Rep: 3,058
Posts: 33,089
See that? Tick game, just they did three ticks this time. I could see the sentiment change as soon as they gunned those stops.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch this 25.25, for grins, and clues.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's talking loud and clear.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm not saying it's the case, but I am getting some hints ('vibes') that something may have changed there, and that the upside correction may be over. Probably not, probably Carl and the rest are 100% right, but I'm just saying that I am getting some change of character signals in here. Just something to ponder.
JI
jimkane
Rep: 3,058
Posts: 33,089
Notice, too, that this last stop run tick game push formed a beautiful 3D right into this key area I posted well in advance.
JI
jimkane
Rep: 3,058
Posts: 33,089
Most of the time (I know, I know, for most of the readers this seems impossible to agree with...) I feel the market doesn't give me what I want. At least in the sense of it doing exactly what I'd like, at exactly the time I'd like it, in the exact way I'd like it. If this was, indeed, the end of the upside, I would have to say I got it all, pretty much exactly as I wanted it. I thought it would push up higher, spoil the 3D, exceed the area, and convince me it was all upside. Then it would drop like a rock, once I was convinced the area was blown out. Now it's acting all perfect, hence I think the odds are slim it will be doing anything to the downside. I'd love it to just 'play out', but my experience is that almost never, ever happens. I actually use that as a warning to be wary. Just some thoughts.
JI
jimkane
Rep: 3,058
Posts: 33,089
The bottom line for me is anywhere from here to up to 35 and layers and layers of things come in that could send this back down. My non-trading gut say 'up, up, up'. This is a red flag for me. When I think like a Joe Average I feel this can only go one way right now, and that way it 'up'. Technically it hit the key area today, with a 3D and a reaction. But, alas, it looks too nice. It may drive up for another push, invalidating the immediate area (which comes from the short-term price action), but hitting the higher level aspects fully, like I said, up to about 35 and the premise is still intact.

This area is not for immediate very short-term trading against, since, being a higher timeframe area, the noise level is too high for a small point move trade directly off of it. It needs time to trigger, in case the intent is just straight up. The very short-term setups come from the bias and the setups down on say a 3-min chart. I hope this makes sense. I'm trying to explain as best as I can the way things are stacking up here, and how I'm looking at it in such a potentially key area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Get ready for that new high any time now...
JI
jimkane
Rep: 3,058
Posts: 33,089
And, again, the high repels it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice sell-off off that area after all. Watch this 19.00-.25 area very closely, it's a key spot. If that gives way, I'm watching 16.00 next. Or should I say I'll be dreaming about those areas, my nap has long since worn off and I'm done. See ya all manana.
RA
rat89
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Posts: 7,015
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