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jimkane
Rep: 3,058
Posts: 33,089
Just over three hours... I can't wait. Got lots of ideas of what may happen.
JI
jimkane
Rep: 3,058
Posts: 33,089
This might dump. I hope so.
JI
jimkane
Rep: 3,058
Posts: 33,089
That 28.75 and price action sets it up for a bounce. I'd rather see that fail and have it dump hard.
JI
jimkane
Rep: 3,058
Posts: 33,089
Recall my next level is at 21.50-23.00. Below that around 9.50-10.00.
JI
jimkane
Rep: 3,058
Posts: 33,089
But also recall this is now dead in the center of the main area I posted on Sunday. The reaction yesterday was off the very top of the top of that area.
JI
jimkane
Rep: 3,058
Posts: 33,089
It had to do a few more ticks down first, but this bounce now could be quite aggressive. I hope not, but it is set up for it, and those MRRD's love to ramp.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, I'm watching this 31.75 here...
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jimkane
Rep: 3,058
Posts: 33,089
But so what, it will check back slightly, then explode over it...
JI
jimkane
Rep: 3,058
Posts: 33,089
31.75-32.75, but it wants 'up'. I'd be thinking maybe 37, and if it can go beyond that, the sky is the limit. I'd say I'm hoping this area here stops it, but I just can't see it.
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jimkane
Rep: 3,058
Posts: 33,089
And there is the fully expected burst up.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, that could be a final push into this first area, and then down. I figure the odds for that are about one in 27 zillion.
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jimkane
Rep: 3,058
Posts: 33,089
Ridiculous, pathetic market. 37 minutes of action, and then over six hours of nothing. Sure, it was a grind/ride until close, but what fun is that? Sure, if one was long he or she may have had around five more points potential riding for over six hours, but a pay rate of less than a point per hour is pretty pathetic. Lots of risk exposure, and very little gain. But, mostly just crazy boring.

They blow their whole wad in a half hour. Idiots. Just plain idiots. As you can tell, even though I am of the opinion that all this craziness still seems to follow the tenets of the methodology, it doesn't mean I don't get quite upset when they are just so stoo-pid all the time. Okay, see everyone Sunday night, where I expect, as usual, drum roll, please... a gap up. Long live the bull, and his partner in crime, the ram.