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jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll start it off.
RA
rat89
Rep: 0
Posts: 7,015
this is a most interesting area.....notice the abcd to the .618 area and the dump to double 1.618 for symmetry into and out of the pattern....not to mention the .618 at the meeting of the lines...


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JI
jimkane
Rep: 3,058
Posts: 33,089
I'm ready, prepped, and prepared for my two and a half days of solid up now. Let's see if I get it. You all know I'd prefer down, but I can't see anything but 'up'. Now we see.
JI
jimkane
Rep: 3,058
Posts: 33,089
And yes, I'm not married to 'up' at all, I can and will switch on a dime the second I sense any weakness.
MA
MarcinO
Rep: 67
Posts: 5,506
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MA
MarcinO
Rep: 67
Posts: 5,506
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MarcinO
Rep: 67
Posts: 5,506
Two more areas for the pound.

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BA
Barkley
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Posts: 58
To add to Roofer's mining chart and Jim's ES call, the US Dollar is at a nice spot to stop going up.

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rat89
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Posts: 7,015
.886 at line....
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MarcinO
Rep: 67
Posts: 5,506
Any continuation to the downside ?

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jimkane
Rep: 3,058
Posts: 33,089
Well, they pleased me greatly, much to my surprise. I was totally off on the read that they'd stick with the bullish bias for the first part of the week. On the other hand, many have gotten long in here, and it might start up from this point after this big (wonderful) shake out. You never know.

Originally posted by jimkane

I'm ready, prepped, and prepared for my two and a half days of solid up now. Let's see if I get it. You all know I'd prefer down, but I can't see anything but 'up'. Now we see.


Originally posted by jimkane

And yes, I'm not married to 'up' at all, I can and will switch on a dime the second I sense any weakness.
RO
roofer
Rep: 3,689
Posts: 3,574
TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...
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