JI
jimkane
Rep: 3,058
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.
JI
jimkane
Rep: 3,058
Posts: 33,089
And yes, there is always a chance this could sell into the close. We have seen that happen once before...
JI
jimkane
Rep: 3,058
Posts: 33,089
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...
JI
jimkane
Rep: 3,058
Posts: 33,089
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

