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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll start it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, today goes on my list of days rated 10 out of 10 for price action. Just incredible. Area to area to area, trick to trick to trick, game to game to game. Wow. WOW.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, where did the snap recoil bounce after the plunge go to? Why, the KZ, of course. 'Too easy'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now that was a fun day!
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, crew, see ya Sunday night.
JI
jimkane
Rep: 3,058
Posts: 33,089
One last post, I think (wait, I do have some bounce areas to mention in gold). My 'target' (I have no targets, don't use targets, don't have the word in my written 'Trading Plan' anywhere, literally, but what I mean is an area I think it may eventually get to if it keeps trending) for AAPL is 150-185. In the very short-term I have quite an area around 362-366. Now, every last person I am seeing is bullish on AAPL here (sorry rat, no offense, you'll likely be right), really pounding the table. If the market turns up, they may be right.

AAPL looks like a breakdown waiting to happen, to me. I suspect it may drop to my level there (or another one just below there) and then bounce, and then resume its grind down to 150-185, as the bear unfolds. How many people are seeing that as a possibility? Only one, yours truly. Everyone else says I'm truly nuts. But, that's my read. I make lots of them, and many don't play out. We'll see. If the market resumes its strong uptrend all bets are off, of course.
RO
roofer
Rep: 3,689
Posts: 3,574
jim i must have missed you question about other vendors...as ALWAYS i take what i have and trade. i traded it with the info i had available . i hope you are happy with my current success with the trade this time.... the issue you raise occurs multiple times a week on the shorter time frame... i just do the best i can and given that the losing NEM trade of 31 cents was the only losing trade of my best week of the year i am grateful that we share the power of the same tools...
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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