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).
JI
jimkane
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Nice 5.25 point range all day... Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I said... 2-tick game...
Originally posted by jimkane
Careful around the previous high...
JI
jimkane
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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???
JI
jimkane
Rep: 3,058
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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.
Watch this 'lateral support' area in here.
