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RA
rat89
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Posts: 7,015
And they're off ;)
RO
roofer
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Posts: 3,574
RA
rat89
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Posts: 7,015
awesome......dbs coming at 66.16-66.17


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RA
rat89
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??


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rat89
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rat89
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rat89
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kissed one line....


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rat89
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kissed 'em both


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JI
jimkane
Rep: 3,058
Posts: 33,089
Nice charts, rat. The reason I am suspicious of an immense upside 'breakout' is because I think this area is obvious to even non-median line traders. It is expected it will come back in here. So, I wonder. The best trap would be a small checkback and then a fast burst up and over, but this time my 'gut' says it may not give anyone a chance to get on board for that, and it may just gap/burst right up and over. I sure hope not...

Notice the underperformance of the Russell. It is rather curious. Some think this is a divergence early warning sign.
JI
jimkane
Rep: 3,058
Posts: 33,089
3.50 point range for most of the day. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
Rep: 3,058
Posts: 33,089
At last a little action, and, fortunately, it's to the downside. For now...
JI
jimkane
Rep: 3,058
Posts: 33,089
The way it looks, though, if they gap it up and over Sunday, that may trigger a pile on, and my initial scenario could play out. I think the odds jumped up quite a bit with this reaction off the ABCD and strong close on a Friday. Maybe 75/25 now with this action?