JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, time factor, it should either blast up here, or roll. I think blast up is more likely, but roll is what I want, of course...
JI
jimkane
Rep: 3,058
Posts: 33,089
Quoting from Reminiscences of a Stock Operator: "As if they rung a bell..."
JI
jimkane
Rep: 3,058
Posts: 33,089
Just search for 'bell' and you can see the context. Read the pargraphs leading up to the quote.
http://www.mypivots.com/online-trading-book/text/reminiscences-of-a-stock-operator/chapter-16
http://www.mypivots.com/online-trading-book/text/reminiscences-of-a-stock-operator/chapter-16
Originally posted by jimkane
Quoting from Reminiscences of a Stock Operator: "As if they rung a bell..."
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, if I don't explain it, few will likely get why I said to read what leads up to it. Point is, suckers almost always do the exact wrong thing at the exact wrong time. I thought there was a good chance to trap the suckers on a move to that 17 area by making it look real weak right there. I did suspect maybe they'd just blast it off, but the trap was so irresistible, and when the timing factor hit, they nailed 'em. It's all about the suckers/games/traps...
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice blast off that 17.00 1.000 ABCD area at a .300/.382 overlap and dead hit on the key line, huh?