Here you go. I have no charts yet.
Al Kamego
JI
jimkane
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Posts: 33,089
So, let's start talking about the 26-28 area, as I can't see this TL and area holding. This would take out those two previous key swing-highs. But, first things first, it does have to prove itself here, and if it wasn't for the 'no sells into the close 99% of the time' (not an actual stat, of course) rule, I'd think this would cause it some trouble.
JI
jimkane
Rep: 3,058
Posts: 33,089
If it pops up and over after just another 1.5 point checkback, I'll just shake my head...
JI
jimkane
Rep: 3,058
Posts: 33,089
Jim's head shake:
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This thing can't pull back more than a point and a half off key areas with volume climaxes. Same old, same old. Stupid machines. Don't get me wrong, I'm not fighting this, it's just that is that all we do every single day, day in and day out, look to get long, ride until close, wait until tomorrow, repeat?...
<== ==>
This thing can't pull back more than a point and a half off key areas with volume climaxes. Same old, same old. Stupid machines. Don't get me wrong, I'm not fighting this, it's just that is that all we do every single day, day in and day out, look to get long, ride until close, wait until tomorrow, repeat?...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, now here comes the tease that it likes to do to me. Makes me think there is hope that it could indeed sell off this area. Only to then crush all hope... We shall see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, I know I'm just grasping at straws here, but since they can't sell it into the close of the RTH, could they just hold it here, then let it drift off after hours and into the European session, so they can run it up tomorrow RTH, as per 'the plan'? I doubt it, but it might be nice.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah, they'll probably gun it up and over right into the close, or right after cash close.