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rat89
Rep: 0
Posts: 7,015
I have nothing to say, but I'll kick off the week's thread
JI
jimkane
Rep: 3,058
Posts: 33,089
They'll sell now? I wonder...
JI
jimkane
Rep: 3,058
Posts: 33,089
Just hanging around, waiting for this long to play out. That fake down was the tell. They made it look real weak, then came in. So, KIG. See you at my area.
JI
jimkane
Rep: 3,058
Posts: 33,089
New HOD and high for the move by one tick. Is that it? Can it keep this up? We'll see. Seems mostly like games today. It may seek my area in the after hours. I think the odds are fairly good it will end up there. The natural set ML hits the area an hour after the European open. So, timing-wise, the open, give or take, seems the most likely time it will get there. If it gets there, given this is the key spot for this big bearish 'W2' right here... And you never know, after making it look all strong here near the close, it could possible drop off this like a rock. I am surely looking at that, and I'm not going to be stubborn about what it shows me.
RA
rat89
Rep: 0
Posts: 7,015
hmmmmm....did you see that? .886 iwm .942 spy
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jimkane
Rep: 3,058
Posts: 33,089
Watch the obvious TL here, but otherwise, this looks like a dump. If they reverse right here on the TL, then it's just one more in an endless string of games.
JI
jimkane
Rep: 3,058
Posts: 33,089
TL gives way. Now look to see if they snap reverse it on the TL game, or not. Game after game.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm thinking the odds just jumped substantially that this 'W2' is going to play out. Recall the major confluence this is testing.
JI
jimkane
Rep: 3,058
Posts: 33,089
And I'm not sure, if it plays out, that it will give any bounce from here to get in on. And if it did bounce, that would likely be a sign it wasn't, in fact, headed down. Just a thought.
RO
roofer
Rep: 3,689
Posts: 3,574
late day trade entry based on jim's1.06
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
That's quite a dump.
JI
jimkane
Rep: 3,058
Posts: 33,089
Bah-dah-dum, the Vegas rimshot drummer goes.
(And yes I know it is commonly called a rimshot but technically it isn't at all...)