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jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm still trying to get my footing here with this new format. I'm not sure where I'm going yet. We'll see...
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jimkane
Rep: 3,058
Posts: 33,089
Sorry, my mouth is full, I'm chewing on some pullback words.
It really didn't like that 85 area...

I really can't see this as a nice lower high retest and down to new lows we go, but I can always dream. I think short is the side again, but unless one took it off that high, it's a sit and watch now.

Watch the obvious TL now, if it gets to it. 78.25 may be it.
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jimkane
Rep: 3,058
Posts: 33,089
5-min obvious TL is around 77.25. I'm hoping for something in the 67 area...
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jimkane
Rep: 3,058
Posts: 33,089
Why 67? A bunch of stuff in the GZ.
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jimkane
Rep: 3,058
Posts: 33,089
Let me be clear. I did not see taking a short off the 85 area. I wanted to let this burn itself out, then I'd see what it set up. Once it didn't get hit at the expected area for a pullback if it was strong, and further weakened, I switched back to very short-term short-side bias. It didn't give any good ways in that met my criteria. So, I may see the GZ and not have had any way in. That's the way it goes sometimes. This was highly 'hitable' off that 85 area, but one would have to commit to that ahead of time. I wasn't quite ready for that. Oh, well. That's the way it goes.

Now we see if this 4PT here draws any reaction, or if not, the standard ABCD. If not, the GZ is next. Imagine if they truly forsake this into the close! Okay, I'm dreaming again, it's probably done at this 4PT, but it's fun to dream about the bulls getting crushed.
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jimkane
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Posts: 33,089
Ask and ye shall receive! It throws a flat ABCD at a .382 and really key line (to the tick by my data).

I'm watching the ABCD area around 71.00-72.25, and then the GZ, but with just over a half hour left, who knows what it will do...
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jimkane
Rep: 3,058
Posts: 33,089
It sure 'sees' that key 74.50 swing low. If that gives way, something I'm not sure they will allow, it should really flush to that ABCD area. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
Volume spike, ABCD has fulfilled itself, key swing low area, this very well could be done.
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jimkane
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Posts: 33,089
Looks like they want a strong finish.
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jimkane
Rep: 3,058
Posts: 33,089
Wow! Now that's something.
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jimkane
Rep: 3,058
Posts: 33,089
Very curious here. They gun it up very strongly, into a pseudo-EXP ABCD, and they dump off it.This makes an even bigger pattern that is one of my unpublished patterns the mentor students know. All very interesting. But, it seems like it is just undecided chop after all the big moves. No desire to 'tip its hand' into the end of the week. I'm anxious to see what after-cash moves it makes, but I'd think it would want to stay indecisive. Then we can all wait for the Sunday open with bated breath.
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jimkane
Rep: 3,058
Posts: 33,089
CDE got hit a little bit this week.