there is a sea of fibs in the area we touched on thursday....will they snap it back up for the real hit or was that the trigger in disguise?
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.768 / 1.128 right there at the high
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RA
rat89
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guess I'll start ;)
there is a sea of fibs in the area we touched on thursday....will they snap it back up for the real hit or was that the trigger in disguise?
.768 / 1.128 right there at the high
there is a sea of fibs in the area we touched on thursday....will they snap it back up for the real hit or was that the trigger in disguise?
.768 / 1.128 right there at the high
JI
jimkane
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Posts: 33,089
I'll mention one more thing and then I'm done for the night. There is a very strong magnet area and lots of things coming together around 65.25-.50. I doubt anything but new highs will transpire, but this is an area I'm going to at least give a tiny bit of respect to (although I doubt the market will do the same). Just wanted to mention it 'in case'.
AL
albert
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DBS, 1.272/1.128 and UML // retest.
Al Kamego
Al Kamego
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JI
jimkane
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Posts: 33,089
Well, it's exactly as I said last night. New high for the move. Previous high taken out aggressively. I think new 'bull' market highs will be coming soon. Some time early next week, possibly Sunday night. Who knows, maybe today. It's only another what 30 points. I am giving zero respect to this being a key area here at the high right now. None. Zip. Nada.
JI
jimkane
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Posts: 33,089
I'm a little confused here. I think this wants 1405-1410 as fast as possible. It can't stand that it's not there. But, for the Sept contract the high is 1413.50. So, will it break above the next area without a pullback and hit the high, take it out by a few ticks, then back off a little, before its move to take out the all-time high? Or will it back off the area, then launch up to the contract ('bull') market high, not even hesitating at that, on it's way to new all-time highs?
Probably it will put on another 30+ point day Sunday night, just blasting over all areas and taking out the 'bull' market high by a good margin, on its way to new all-time highs. At this rate it could hit new all-time highs next week. The only thing I'm really pondering is where does it go from there? My 'guess' is up substantially from there. I'm thinking 1,800 by year end, but that's pretty conservative on my part, I think. I'm developing a new found respect for Carl Futia, let me tell you that...
Probably it will put on another 30+ point day Sunday night, just blasting over all areas and taking out the 'bull' market high by a good margin, on its way to new all-time highs. At this rate it could hit new all-time highs next week. The only thing I'm really pondering is where does it go from there? My 'guess' is up substantially from there. I'm thinking 1,800 by year end, but that's pretty conservative on my part, I think. I'm developing a new found respect for Carl Futia, let me tell you that...