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MarcinO
Rep: 67
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).
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
Nice 5.25 point range all day... Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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jimkane
Rep: 3,058
Posts: 33,089
Careful around the previous high...
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rat89
Rep: 0
Posts: 7,015
check out the fib on aapl
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rat89
Rep: 0
Posts: 7,015
and the abcd on gld
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jimkane
Rep: 3,058
Posts: 33,089
Like I said... 2-tick game...

Originally posted by jimkane

Careful around the previous high...
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rat89
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Posts: 7,015
spy has another area about 20¢ over the high.......can it get there today?
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jimkane
Rep: 3,058
Posts: 33,089
Can't beat the strength out of this market no how.
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jimkane
Rep: 3,058
Posts: 33,089
AAPL initially trading down on the earnings news. But, in 'the old days' that usually led to a 50-70-100 point jump the next day. Now???
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jimkane
Rep: 3,058
Posts: 33,089
Is that the buy there in AAPL?
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jimkane
Rep: 3,058
Posts: 33,089
So, after two tests today at that 'throw over' high, is the AAPL earnings the 'news' that will now allow this to come back in? If it starts from here, my scenario I pointed out might still be valid. But, alas, this is likely all just a dream for me, something I'd like to see happen (you know, a little balance in this one-sided market), a small checkback. Is that too much to ask? I think it may be. But, it all set up today for a nice checkback, it's even set up for the bear to start. But, it won't...

Watch this 'lateral support' area in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at the AAPL close on a 1-min. Very curious.