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JI
jimkane
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Okay, I'll start it off.
JI
jimkane
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Bearish .886 ABCD with an ABCD in the BC leg really drawing quite the initial reaction here. This thing just can't get off the floor.
JI
jimkane
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Note that the above comes after a 2-tick game of the previous HOD, too.
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jimkane
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But it may drop no lower than this as it just chops around this HOD (by 'day' here I mean including the GLOBEX session) area, too. Not a great regular session trend day so far. We'll see, though, plenty of time left for some action.
JI
jimkane
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Posts: 33,089
I'm sorry, this post wasn't real clear. The .886 ABCD drew an initial reaction. By initial reaction I meant a move that started off, but then didn't follow through. This was the early AM reaction. Then it tried the area twice more, the last one being the 2-tick game I mentioned. Each try finds no follow through to the downside. It's just jammed in here, wanting to go up, but struggling against the area. I rather suspect it is going to break of of this soon, and I think the odds favor a bit more upside. We'll see.


Originally posted by jimkane

Bearish .886 ABCD with an ABCD in the BC leg really drawing quite the initial reaction here. This thing just can't get off the floor.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it's ready to blow. Getting ready for the upside pop. We'll see.
JI
jimkane
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And there's the new HOD. Yawn. Careful here, in case it's another 1-2-tick game snap trap.
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jimkane
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I'd think it should get trending a bit now, though. Maybe...
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jimkane
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Amazingly weak and choppy...
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jimkane
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Posts: 33,089
Okay, it looks ready to pop again. More BS?
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jimkane
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What grinding crap action... Yuck.
RO
roofer
Rep: 3,689
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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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