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jimkane
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Okay, it's reaching for my area here. It sure looks like they want to make the entire drop back not by tomorrow (another one-day wonder), but today. Let's see what the area has to say.
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jimkane
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I can't emphasize enough how technically important this area right here is. If there is any bearish hope, this should turn it down aggressively. Alas, my expectation is it will be ignored like it doesn't even exist. We don't have a balanced market, we have a manipulated market. I think a drop like today is what would happen most every day if they didn't manipulate. They are back in manipulation mode here, so it doesn't really need to react to a technical area like this if they don't want it to. Nonetheless, in case they plan to forsake it some more, I will be watching very closely here.
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jimkane
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Hmmm, I wonder if roofer is going to post in here, or stay in the public area. I can feel his ghost hovering overhead, he's close by...
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jimkane
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Okay, ES, time to make your play. You're there (from here to say another point or so). Let's see what you got.
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jimkane
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Posts: 33,089
Ah, I just think my heart is going to break. This area is sooooooooooooooooooooo beautiful. It should roll hard here. And I think, instead, it will just make back that entire drop. How absolutely awful. And I say this from the perspective of someone who is heavily long side bias right now...
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jimkane
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Posts: 33,089
4.75 hit. That's the 'another point or so', with the key lines heavily hit. Do or die. Die, Sucker!!!
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jimkane
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That's probably all it will die. But at least it 'sees' the area. I was hoping for more of a mass slaughter of the bovine type... We shall see.
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jimkane
Rep: 3,058
Posts: 33,089
Watch the 1-min TL. Imagine a 1-min TL turning this up and over a monster area. That would tell you something...