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jimkane
Rep: 3,058
Posts: 33,089
Okay, let's crank up another great week in here. The market action should be awesome again, I suspect.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, one possibility, as insane as it sounds to any rational person, is that that 80.75 low will be it. I sure hope not, but it may be. I'm just saying, if they wanted to be really stoo-pid, that would be a good 'stoo-pid spot'.
JI
jimkane
Rep: 3,058
Posts: 33,089
80.75 is acting more and more like 'it'. Maybe they pop it up on the European open, shake 'em out a bit, bring it down into our open, then up, up, and away. That's their usual game. I still can't get over the feeling this time they won't bring it in, just another leg up, no rest. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
Could that be a lower high there? Down on the European open? Too funny.
RA
rat89
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Posts: 7,015
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JI
jimkane
Rep: 3,058
Posts: 33,089
Uh, yep, yep, and yep? This game is just so predictable right now it's crazy. Everyone see that ABCD on the open before the manipulation ramp started? Lather, rinse, repeat, day in and day out. It's so obvious now it just seems as though it must change soon. We now have a slew of technical reasons why this should come in here. I could see a few more points (or I could see this lower high being it), let's say 97, but then it 'should' come in. It may not come in much, but it should do something reasonable. We shall see. I am looking at some countertrend puts, though. Maybe I could get reamed in a blowoff move that doesn't stop if I do it. Like rat said, you take a shot, have a stop, and let the chips fall where they may.

Originally posted by jimkane

80.75 is acting more and more like 'it'. Maybe they pop it up on the European open, shake 'em out a bit, bring it down into our open, then up, up, and away. That's their usual game. I still can't get over the feeling this time they won't bring it in, just another leg up, no rest. We'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Bigger ABCD forming (it's a 4-Point right now), or a lower high already and 'W3' down now? We shall see, but it might be over.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's the 4-Point zone, watch this closely.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm expecting a pop here, or a run to that 97. I'm not saying I want it, only that I'm expecting it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Fast post, busy. Watch 87 and 85 areas.
JI
jimkane
Rep: 3,058
Posts: 33,089
Standard zigzag here. But I'm hoping we have a 'W3' here.
JI
jimkane
Rep: 3,058
Posts: 33,089
I was going to ask you, roofer, if you caught that gold move, and I decided to look back again at your posts, and I see you caught it via the GDX, and the oil move, too. Nice. Wait a minute, I just realized, what's the point of this post? Hmmm, I guess there is none? At least it will up my post count by one.