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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll start it for this week.
JI
jimkane
Rep: 3,058
Posts: 33,089
The 'volatility' i.e. the size of the swings, is simply beyond incredible for trading, in my opinion. And beautiful swings, too, nice and smooth. Wow. I wish every day was like the last three days...
JI
jimkane
Rep: 3,058
Posts: 33,089
So, GZ, right to the LOD, or new lows and selling in the next two hours? My bias is short side off the mid-day bounce, that's all I know. The up move may resume, but it has to prove itself to me.
JI
jimkane
Rep: 3,058
Posts: 33,089
Although it could reverse or bounce here at 79, the 74-75 GZ area is just calling to this.
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jimkane
Rep: 3,058
Posts: 33,089
And we all know I'd love to see new a LOD, by a large margin.
JI
jimkane
Rep: 3,058
Posts: 33,089
The key part of this area was 78.00-78.50. It reversed at 78.25. I'm stating this after the fact, but if you know my work and know how I came up with this level, you can confirm it for yourself and you'll see.

Originally posted by jimkane

Although it could reverse or bounce here at 79, the 74-75 GZ area is just calling to this.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now the question is, can they sustain? Or will the GZ's call to it prevail? I think 'up' is most likely, much to my chagrin...
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, a nice upside move here would be 99 and change. I'd love to see that by the close. But, they'd have to go nuts on it, and I'm not even sure yet if it can sustain any more at all here... I wish my sellers would just come back and give me what I really want...
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, what a non-impulsive, grinding crap action this is. Those buyers look weak. But, since Mar '09 I have seen this and then it explodes up in impulsive action, just when it looks ready to break down. But, we'll see, maybe those buyers really just have no gas left in the tank. They want to save it all for Sunday night - Tuesday?
JI
jimkane
Rep: 3,058
Posts: 33,089
It sure looks to be coiling for an upside pop.
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jimkane
Rep: 3,058
Posts: 33,089
And as I posted that, it looks to have started.
RA
rat89
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Posts: 7,015
fascinating.....