JI
jimkane
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Just over three hours... I can't wait. Got lots of ideas of what may happen.
JI
jimkane
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Posts: 33,089
At some point I think they will want to sweep the stops both ways here.
JI
jimkane
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I think they are close to doing a sweep, but you never can be too sure on the timing of that game.
JI
jimkane
Rep: 3,058
Posts: 33,089
Other than a tiny, tiny sweep on both sides, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
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Posts: 33,089
CL really moving up strongly, now the ES is starting to follow. Looking like perhaps that leg higher may be coming... Darn.
JI
jimkane
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Posts: 33,089
I hope I just did one of my famous it turns around the second I posted that...
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd love to think that was the stop sweep up, and at the least they'd sweep it down now. But this little checkback is more likely the dip that will be bought on the way up... Yes, I'm rather negative. Why can't they just sell this oinker?
RA
rat89
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Posts: 7,015
I honestly can't tell whether a pullback on the way to a new high or a bounce on the way back down is more likely.
JI
jimkane
Rep: 3,058
Posts: 33,089
That's it, rat, it's just not clear in here at all. And the market is trying to disguise its intent, it seems, to top it off. I guess when all else fails, I refer to a movie quote I've posted before, adapted to the market. It's from the movie 'Passenger 57', spoken by Wesley Snipes.
John Cutter: Charlie, ever played roulette?
Charles Rane: On occasion.
John Cutter: Well, let me give you a word of advice. Always bet on black!
My version:
John Cutter: Charlie, ever played the market?
Charles Rane: On occasion.
John Cutter: Well, let me give you a word of advice. Always bet on 'up'!
John Cutter: Charlie, ever played roulette?
Charles Rane: On occasion.
John Cutter: Well, let me give you a word of advice. Always bet on black!
My version:
John Cutter: Charlie, ever played the market?
Charles Rane: On occasion.
John Cutter: Well, let me give you a word of advice. Always bet on 'up'!
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, with any 'luck' the low end stop sweep is on its way. Then this thing can set about making a move. Any move. Just do something.
JI
jimkane
Rep: 3,058
Posts: 33,089
And yes, that's a little bullish ABCD there. Let's hope it can't produce any real bounce off it.
JI
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.
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.