JI
jimkane
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Posts: 33,089
So, will this gap up and then start the run to that say 1425 area from my scenario last week? The time factor I was looking at said by Sunday night or Monday, but you all know I don't weigh the time factors that I do very heavily. Add in the sideways action for a few days and it has either coiled for a fast pop, or the time factor won't come into play at all. As I concluded last week, I thought the odds were perhaps 75/25 that this will head up to that next level, as opposed to this being a topping formation. We shall see soon enough. I'll post the early indications from the spot FX market when they become available.
RA
rat89
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I forgot.....qqq 67.42 is .886 of the 68.39 - 59.90 swing.....
also very close to 50% retrace of the 2000 - 2003 drop....
also very close to 50% retrace of the 2000 - 2003 drop....
JI
jimkane
Rep: 3,058
Posts: 33,089
GOOG hit a new 'bull' market high today, just as Carl Futia said it would. AAPL is next, just as Carl Futia says it will.
RA
rat89
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qqq little bearish abcd right to the kz here....they wouldn't do that would they?
JI
jimkane
Rep: 3,058
Posts: 33,089
Pump fake. Nasty little devils... Now it hits 'support' and they pop it back up again?
JI
jimkane
Rep: 3,058
Posts: 33,089
I only say this because in 'the old days' it would break down now, in my experience, and quite hard. But this is the post March '09 era...
