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JI
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
Nice little shake out. Now it's free to run? How about a little more selling, please?
JI
jimkane
Rep: 3,058
Posts: 33,089
OMG! Some selling?
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the ABCD here to see what it thinks of it.
MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
That 63.25 is a very key level. We'll see.
MA
MarcinO
Rep: 67
Posts: 5,506
You either expected no serious correction or got so ironic, that wanted to warn us that way before that move down happened?

Originally posted by jimkane

Other than that I really am bored to tears, does anyone get the point I am actually trying to make here?
JI
jimkane
Rep: 3,058
Posts: 33,089
The next key level is around 61.00-.25.
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jimkane
Rep: 3,058
Posts: 33,089
My point was, other than just horsing around, it isn't a smart game to try to assess every little wiggle on the 1-min or tick chart and expect it to mean very much. It can be 'fun' to try, but I wouldn't take it too seriously.

Originally posted by MarcinO

You either expected no serious correction or got so ironic, that wanted to warn us that way before that move down happened?

Originally posted by jimkane

Other than that I really am bored to tears, does anyone get the point I am actually trying to make here?

JI
jimkane
Rep: 3,058
Posts: 33,089
You sure do know how to spot ABCD's, Marcin.
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks for the two last posts, Jim
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.