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MarcinO
Rep: 67
Posts: 5,506
Just starting a new topic.
MA
MarcinO
Rep: 67
Posts: 5,506
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rat89
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jimkane
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Posts: 33,089
Okay, if they blast this up in the usual Friday close burst, I have areas from 45.50-52.25. There are just layers in between. Sometimes the levels are extremely tight, and sometimes it just one thick layer. Right now I have the latter. But, alas, this 42.25 is a key spot, so maybe that's it. I sort of view that as a low probability, but we'll see. I'm expecting that last 1-2 hour ramp. Once it gets going I may be able to pinpoint it better, but it's really all about the price action anyway at that point.
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jimkane
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And yes, there is always a chance this could sell into the close. We have seen that happen once before...
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MarcinO
Rep: 67
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I missed your sarcasm, Jim
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jimkane
Rep: 3,058
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It sure looks like it could sell. Are they making it look that way before they blast it up? I'm not sure, to be honest. It really looks like it is about to dump hard. But I can't say how many times I've seen them do that to trap people before a rocket launch...
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jimkane
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Thanks! I love sarcasm, but my better half, she hates it big time (as do others), and forbids me from doing it in front of her. Plus, some of it gets lost in translation for my overseas readers. I do love it, though...

Originally posted by MarcinO

I missed your sarcasm, Jim

JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, now up? That was the fake? Seems like not a big enough trap.
JI
jimkane
Rep: 3,058
Posts: 33,089
This time it will be exactly as it looks???
JI
jimkane
Rep: 3,058
Posts: 33,089
If they actually sell I'm looking around 26-27.
AL
albert
Rep: 99
Posts: 3,094
Jim,

Thanks for the commentary. It helps.

Al Kamego