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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, crew, let's kick some buttkowski this week.
JI
jimkane
Rep: 3,058
Posts: 33,089
The Beatles Helter Skelter. How apropos.
JI
jimkane
Rep: 3,058
Posts: 33,089
Actually in my haste to post the level(s), this may reach for 8. 6-8. It's really two levels, but I'll call it one for simplicity. But it won't matter... They won't give me my desired downside.
RA
rat89
Rep: 0
Posts: 7,015
c'mon break it out already! this is too funny


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JI
jimkane
Rep: 3,058
Posts: 33,089
The Nikkei is up over 33% in two months and change. Japan. Seriously, Japan... Japan is a bug in search of a windshield as Mauldin says. Japan.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's just so obvious, rat, I can't see them doing anything but breaking it out, and that will draw a zillion programs in, and off it goes in a flash. It seems almost written in stone. I'm hoping this is one that is so obvious the trap is to not do it. Or break it over slightly then crush it. But I'm just hoping for the impossible...
JI
jimkane
Rep: 3,058
Posts: 33,089
So in the meantime the play is to sit long, hold the nose, and be ready to bail if need be. In other words, same old, same old, day after frickin' day.
JI
jimkane
Rep: 3,058
Posts: 33,089
Mostly I'm just talking out loud because I'm bored out of my mind...
JI
jimkane
Rep: 3,058
Posts: 33,089
Notice, there, for you tick chart followers, how it looked real weak, then they blast it up. This is on purpose, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's just being a big tease. They are making it look weak now on one higher degree. It's just a big game. Then, when people like me finally tire of the game, they'll drop it so they can laugh as we sit on the sidelines. In the meantime, they'll just keep snap trapping the suckers as they grind it up. Same old, same old.
JI
jimkane
Rep: 3,058
Posts: 33,089
For those trying hard to make sense of the price action, here's a Tim Knight Slope of Hope chart:



Nice action.

http://slopeofhope.com/2013/02/the-market-for-2013-thus-far.html
DU
Duane
Rep: 100
Posts: 1,095

Good Stuff jim thanks for posting!!