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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
Okay, it 'faked' above the TL, as I suspected (it was way, way too obvious, if it was going to go down, to go off something everyone can see like that), then it hit 27.00, and it didn't like that. 27.00 drew the sharp reaction. But, what if it really isn't going down any more? Then it just did a double sweep, and is free to rise now. We shall see. I'd love to see down, but this may want the 35 area next, and may be on its way to key 40-44 area. My fervent hope is that it is done in here. If not, the odds keep increasing we will see new highs for the 'bull'.
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jimkane
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Posts: 33,089
And there's the pop off the area again, as expected. I know this is just 1-min games and every tick can't be interpreted, but I do think they are playing games here before they reveal their decision (notice I didn't say 'make' their decision) off this key spot.
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jimkane
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The most likely move is 'up', because that would enact my one theory about how the market will do whatever p#%&es Jim off the most. I'd really prefer some downside, and not a move to new 'bull' market highs.

Get ready for the upside pop any time now...
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jimkane
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Hmmmm, okay, I just heard something that makes more sense. There was a report earlier that was published on a website and then picked up by the major news wires that Romney had an early lead. It later turned out to be a false report, so they pulled it. That likely was the reason for the big pop. Romney in, market up. Just as I suspected. It makes no sense to me what that guy said about it being the other way.
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jimkane
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Get ready for the ES to sell hard in here. It likely won't, but I just got a 'feeling', all of the sudden.
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jimkane
Rep: 3,058
Posts: 33,089
This is a low odds thing I just posted. I only posted it in case it did happen, I'd at least be able to show, in advance, I did indeed pick up on something. Maybe it was nothing more than they gave me that hint, now they smoke it to the upside. I am learning, slowly, about this 'look' they frequently do with it, and I'm trying to show this as I learn, not once I've learned.
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jimkane
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The obvious issue is, am I picking up on something that is indeed about to unfold, or a trick they are using to suck people in. And how, if it is even possible, does one tell which one it is? That I haven't even begun to figure out yet. But, I do think there is something there to work with. Over time, we'll see.
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jimkane
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Posts: 33,089
It keeps looking ready to dump any time now.
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jimkane
Rep: 3,058
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That crude, and gold, and Aussie ramp is very impressive. The 'Four Horsemen' are on fire.
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jimkane
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And here's a post from ZH on the crazy pop. It confirms what I just heard on Bloomberg. I've been trying to stay away from ZH lately (so I don't get too depressed), but I wanted to see if they had anything on this.

http://www.zerohedge.com/news/2012-11-06/inefficient-and-delayed-market-ramp-explained
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jimkane
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CDE got hit a little bit this week.