Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).
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MA
MarcinO
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Posts: 5,506
Just preparing for a flat correction scenario.
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).
JI
jimkane
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Posts: 33,089
Nice stuff, rat. I am considering the possibility that that was it. A failed attempt at 1500 and everyone sure it will take it out easily tomorrow. And what was up with the VIX intraday? Very odd.
The one thing that keep bothering me is how easy it would be to get the Dow to new all-time highs. How can they pass that up? Big 'throw over' on your chart, the Dow gets its high, and the administration has what it needs. That worries me.
So, maybe a checkback and then new all-time Dow high? Just thinking out loud. I will say, the bulls are just nuts, the complacency is incomprehensible, and it's all set up for a big fall. On the other side of the coin, the Fed is printing like money is going out of style, and I don't see how the market can go down unless they stop manipulating it up...
The one thing that keep bothering me is how easy it would be to get the Dow to new all-time highs. How can they pass that up? Big 'throw over' on your chart, the Dow gets its high, and the administration has what it needs. That worries me.
So, maybe a checkback and then new all-time Dow high? Just thinking out loud. I will say, the bulls are just nuts, the complacency is incomprehensible, and it's all set up for a big fall. On the other side of the coin, the Fed is printing like money is going out of style, and I don't see how the market can go down unless they stop manipulating it up...
JI
jimkane
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Posts: 33,089
Nope, that wasn't it, but that was quite a scary W2 checkback. Technical, though. Now look at it scraping those lows, over and over. Can't imagine they won't stop run it at least. Then we see. Maybe we actually get something this time... I can only hope.
Originally posted by jimkane
I'd like to think this 89.50 wasn't it... That would be pathetic.
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jimkane
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Wait, I just read the second part, the EU passed a transaction tax? That's extremely bad. That's the beginning of the end of trading. This is not a good thing.
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jimkane
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Notice how, right now, 6A, GC, CL, and ES are starting to rise in unison...
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jimkane
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Posts: 33,089
ES wants the new highs. All those lows held. Same old, same old. There's a tiny little something here at 94.75, but otherwise, new 'bulls#%&' market highs coming any time now...
JI
jimkane
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If so, watch 1500 and the reaction. Run up in European session, sell in our session?
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jimkane
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Posts: 33,089
I'm trying to get to bed, I'm dead beat, and I know the run over 1500 is coming any time now...
JI
jimkane
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Posts: 33,089
1501.25. That's my guess. Ideal time is 5:15 Eastern. If that gives way, I'm watching 1505-06, right before our open. I hope I don't pull a TonyC all-nighter...
