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jimkane
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Posts: 33,089
Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.
RA
rat89
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Posts: 7,015
thank you barkley....it's nice to see you here in this forum

Originally posted by Barkley

Some great comments from some hard working guys who are good teachers and I am thankful for you guys. I live near a small town in northern CA which is real poor. I am a part-time assistant pastor at a church where most are out of work. Tough times indeed...

Rat, very sorry to hear about your tough times. You have taught me alot and I am thankful for that. Good luck and God Bless.
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rat89
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there had to be a higher high

Click image for original size


right in the 6¢ reversal zone just now...

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jimkane
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Posts: 33,089
I think this may now be entering the 'blow-off' phase. The short-term levels are in the 1710's to 20's, and everyone sees those. Then the higher 17's and 18's intermediate levels that everyone is calling for. I still suspect it wants 2000, and I admit that would be unprecedented. But, I think in a final liquidation phase that's what it will take to transfer the remaining ownership to the middle class and taxpayers, and steal as much as possible via HFT and algos. Then it's over. That's just my hunch.
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jimkane
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Posts: 33,089
I'd like to say the HOD might be in the 1704.00-7.25 area, but this is acting like it has another 10 or more points in it. Hmmmm.
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jimkane
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Posts: 33,089
'Normally' I'd be ready here at this 2.50 and into the above mentioned area. But this is not a 'normal' market.
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rat89
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Posts: 7,015
and they hit the 1.27 and over by 4¢.....the most amazing game would be to tank it into the close to set up a rocket in the new high tomorrow...just thinking out loud...
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jimkane
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Posts: 33,089
Could this really shoot for those levels in the 1710's and towards the 20's today???
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jimkane
Rep: 3,058
Posts: 33,089
I wish, but my gut says it's a ride until close, with a monster burst about to happen...


Originally posted by rat89

and they hit the 1.27 and over by 4¢.....the most amazing game would be to tank it into the close to set up a rocket in the new high tomorrow...just thinking out loud...
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jimkane
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Posts: 33,089
I sooooooooooooooooooo hope you are right, rat.
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jimkane
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Posts: 33,089
It's funny how the lexicon is changing. The 'old' saying was BTFD, and now (and rightly so) it's BTFATH...
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jimkane
Rep: 3,058
Posts: 33,089