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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
3-4 here is a critical 'retest', but I think the behavior at the .382/.447 and line convergence area was quite a clue. I think it's going up and over the beautiful area. Damn manipulators. Trillions always trumps technicals every time.
JI
jimkane
Rep: 3,058
Posts: 33,089
Everything is exactly as it should be, as expected. But it's very disgusting...
JI
jimkane
Rep: 3,058
Posts: 33,089
Understand, though, to be a professional trader requires one to either:

a) have no emotions (good luck with that one), or

b) control those emotions and trade according to the plan

I want it to be clear, although I find all this manipulation extraordinarily disgusting (I'm not a permabear, and although I like trading the short side, I'm really about free, fair, balanced markets), I think it's critical to trade whatever the charts (factoring in the manipulation) say. The old roofer 'hold the nose and take the trade' principle. I am a big supporter of that principle. Just so my comments on disgust aren't misconstrued. I try to never fight the market. Go with the flow.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wait, wait. All hope is not lost yet. 4.25 draws a reaction... Hang on one sec... Let's see if they are just toying with me, only to crush my spirit further...
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah, they were just going for the maximum demoralization.
JI
jimkane
Rep: 3,058
Posts: 33,089
This thing is teasing and tormenting me like crazy. That area sure is a brick wall for it. Like the ram butting his head against the dam. So far, no luck breaking that dam down. But this is one supercharged ram. He's on QE steroids.
JI
jimkane
Rep: 3,058
Posts: 33,089
They just keep coming. It looks to just be coiling for the break. They want to make the entire drop back today. Now it doesn't even take them the next day to make back the big drops, they want them in the same session!
JI
jimkane
Rep: 3,058
Posts: 33,089
I wasn't kidding about this area, though, huh? Straight to it, and then just pounding on the door, over and over and over.
JI
jimkane
Rep: 3,058
Posts: 33,089
5, 4, 3, 2, 1...
JI
jimkane
Rep: 3,058
Posts: 33,089
What a wall. This is really something to see.
DU
Duane
Rep: 100
Posts: 1,095

Good Stuff jim thanks for posting!!