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JI
jimkane
Rep: 3,058
Posts: 33,089
I'll start the week with this:


JI
jimkane
Rep: 3,058
Posts: 33,089
Time for WFC to go straight up.
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES here looks downright scary. Is that the trap? Or is it legit?
JI
jimkane
Rep: 3,058
Posts: 33,089
WFC going straight up, now made back about half the loss already.
JI
jimkane
Rep: 3,058
Posts: 33,089
WFC rolling over hard. ES incredibly weak. Go Team!
JI
jimkane
Rep: 3,058
Posts: 33,089
They must come in here. I can't imagine they don't.
JI
jimkane
Rep: 3,058
Posts: 33,089
ES rolls off a tiny little ABCD. Not a good sign for the bulls. Now watch how it handles this 'test' area here. This is it. The 'norm' is to rocket off this very spot.
JI
jimkane
Rep: 3,058
Posts: 33,089
Boy, if this level gives way, Jim's face will crack from the smiling.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know this guy. Anyway, this chart makes my point very clearly.

http://slopeofhope.com/2012/10/looks-like-the-end-of-the-road-for-technology-sector-outperformance.html
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
This thing is sooooooooooooooooooo weak I can't get over it. And this, as it hangs just a tiny tad below my key 240-min price flow. It could be the fake and then up it goes (right off the obvious SL), but if they don't come in here or soon, it may be all over but the cryin'. Much wailing and nashing of teeth. And monster smiles from Jim. But, that's an 'if' that has usually failed to pan out for what, approaching four years now?
RA
rat89
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Posts: 7,015
I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art