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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.
JI
jimkane
Rep: 3,058
Posts: 33,089
O'Bummer the scumm-er is yapping it up. Lot's of talk about pride and dignity and the like. He's such a wonderful gentleman. I am so proud to know he has my back. Anyway, he just said our deficits are falling at the fastest pace in over sixty years. That sure is good to hear. I'm sure our budget will be balanced soon, and we can actually get a surplus and start paying down that $222 trillion in debt and unfunded liabilities. Okay, now he's talking about how many jobs he's creating, and so on, so this is where I go back to a music channel... Oooof, and now he's talking about helping the middle class. I'm outta here.
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jimkane
Rep: 3,058
Posts: 33,089
And before I could hit the recall button, he said for this first time in however long manufacturing jobs are now on the rise, and all we have to do is build on this new trend. The crowd cheered loudly. Un-frickin'-real...
JI
jimkane
Rep: 3,058
Posts: 33,089
So, I switch to my music channel and what song is on? The Question by the Moody Blues. Here's some of the lyrics:

"Why do we never get an answer
When we're knocking at the door
With a thousand million questions
About hate and death and war?

When we stop and look around us
There is nothing that we need.
In a world of persecution that is burning in its greed."

Nah, that's not apropos. The only thing more apropos would have been if they had been playing The Story In Your Eyes. Here's some lyrics from that one:

"Listen to the tide slowly turning
Wash all our heartaches away
We're part of the fire that is burning
And from the ashes we can build another day

But I'm frightened for your children
That the live that we are living is in vain
And the sunshine we've been waiting for
Will turn to rain"

I love O'Bummer. He's my hero. Looking out for the middle class.
JI
jimkane
Rep: 3,058
Posts: 33,089
Can you tell I'm bored out of my mind waiting on the ramp-a-thon (or next leg down)?
JI
jimkane
Rep: 3,058
Posts: 33,089
If it's going to do a levitation, it 'should' start very soon, I think.
JI
jimkane
Rep: 3,058
Posts: 33,089
What was I just saying?
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, if it bounced to the .447 at 82.25 that would be a 'backtest' of the breakdown area. But, alas, if it gets there I think it would almost surely ramp until close.
JI
jimkane
Rep: 3,058
Posts: 33,089
But 83.75 pushes above the 'backtest' and hits all sorts of things. That may be nice, but, again, I can't see shorting it in a ramp-a-thon. This 80.75 area here is a good one, but only if things were bearish and looking to reassert, and I am not seeing that.
JI
jimkane
Rep: 3,058
Posts: 33,089
The time factor for that 83.75 is around the close, so that's possible, just a grind up to there. Or maybe they really hit it and it flies. I hope. I hate the long side, but one has to play what is at hand.
JI
jimkane
Rep: 3,058
Posts: 33,089
Careful here, the levels is 80.75-81.50, and it's not an insignificant one.
JI
jimkane
Rep: 3,058
Posts: 33,089