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AL
albert
Rep: 99
Posts: 3,094
Here you go. I have no charts yet.

Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, indications are for an open at 1514.50, down two points Woo-hoo.
JI
jimkane
Rep: 3,058
Posts: 33,089
And they'll probably just buy the drop...


[/sarc]
RA
rat89
Rep: 0
Posts: 7,015
You just never know what they'll do next


One thing is that the turns last week were very tight fibwise, which you often see leading into a turn.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there are some interesting things coming together, a real strange fractal, in this 1507 area, and it just triggered, so let's see if it has a short-term play here to give. BTW, the high from Friday was an outrageous confluence of lines, simply incredible, so if you want to do some work, look at that. I honestly can't say what direction I think this is going to take, so my focus is more on the shorter-term areas. My saying is 'When in doubt, drop timeframes. If still in doubt, drop more.' But, that's just my own personal philosophy.
JI
jimkane
Rep: 3,058
Posts: 33,089
As an aside, just above 'short-term' I am short-side bias off the little 3-min ABCD right after the Sunday open, based on that high area from Friday. It hit this interesting area here, has formed a bearish ABCD on the bounce, and now we see if that's it for the downside, and if this area will push it up much, or not.
RA
rat89
Rep: 0
Posts: 7,015
Jim, when you say drop time frames, do you mean look longer or shorter?
MA
MarcinO
Rep: 67
Posts: 5,506
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RA
rat89
Rep: 0
Posts: 7,015
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RA
rat89
Rep: 0
Posts: 7,015
as Jim said, the close friday was at a most interesting area....they need to break it up and out or else


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RA
rat89
Rep: 0
Posts: 7,015
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JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, Marcin and rat are crankin' out the charts. Good stuff, guys.