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jimkane
Rep: 3,058
Posts: 33,089
I'll start the topic for this week with this:

http://www.zerohedge.com/news/2013-04-12/eight-wtf-divergences

I'm expecting some great action, and always on the lookout for the 'top' to be in place. Here, early summer in the 1600's, year end at 2000, who knows. But I suspect it will be one of them. Maybe not. I'll just be reading the clues and finding the setups. That's what I do best, I think...
JI
jimkane
Rep: 3,058
Posts: 33,089
Just for the record, I thought that area was worth a short shot. Hence, I'm 'very short-term short-side bias' right now. I'm thinking it will not do much more than right here, and then head up to new highs for the move, but I thought it was worth taking a stab at, in case it dropped like a rock.
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jimkane
Rep: 3,058
Posts: 33,089
I'm fully expecting this to explode up any second here, right off this ABCD and key area, and blast to those low 70's. Yet I am staying with that short-side bias, until it proves me wrong. I suspect it will, but it has to prove it to me. I just read it the way I did, and I let it do whatever it does. This is a 'just in case' type of trade if one tries this.
JI
jimkane
Rep: 3,058
Posts: 33,089
.382 drawing the bounce. It's probably over...
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jimkane
Rep: 3,058
Posts: 33,089
I want 60-62 at least.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at it just sit on this area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby.
JI
jimkane
Rep: 3,058
Posts: 33,089
I can't believe how many touches and near touches of the .382 this has done.
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jimkane
Rep: 3,058
Posts: 33,089
Seven by my count. Hard to believe the bears will win this competition...
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jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm saying this tongue in cheek, it's kind of an inside joke with one of my students. But I have reason to think GOOG might be a monster buy in here. I'm not saying buy it (I never make any recommendations of any kind, this is an educational site only), but I am saying I want to go on record that this 'inside joke signal' just flashed big-time. Let's say, jokingly, I'm long 100,000 shares. I'll try to revisit this down the line, if I remember.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, I think the ES will be exploding up any time now.
RA
rat89
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Posts: 7,015
Let's hope it is different this time!

Originally posted by roofer

OFF TOPIC-since 1988, in 22 of the 24 springs, i have had crippling back blowouts where i can not walk for a few weeks( in one of the two that it did not happen, i broke my back!)always in the first cold spell after the first warm up.... that is tomorrow...i shall see.....