I'll start the new week off. I'm watching around 16.50 for the ES, there is a lot of stuff there. Like I said, it could push a bit higher, but there is a lot coming right up in here, and if that doesn't check it back a bit, that would indicate to me immense strength. I'm still looking at my higher timeframe scenario, with two areas. Let's say 1830-60, and around 2000. Both are technically solid areas, but I like the 2000 area better (although, admittedly, it would take a monster blow-off to achieve that) for several reasons, one of which is it would set up some harmonicities that would be remarkable.
I am still watching that possible new proprietary timing thing that has this rising until Oct-very early Nov, and then a final push into Jan. It would be amazing if it was destined for the 2000 area if it did that first time area pullback right off that 1800's area. I had said I would post something on the bear market and oil at perhaps $250 this weekend, and I may, or I may get to it 'later'. I'm just one person, and a person with limited energies, so I'll do the best I can...
JI
jimkane
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Overhead TL here. As an aside, that is the most obvious manipulation I think I have ever seen. Two perfectly linear, tight trends, the first starting right at the open. Give me a break. I think the rest of the day will likely be chop. Just a guess.
JI
jimkane
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I count five notable pullbacks on the way up. Notice anything about them? They were all 1.25 points each. All of them. Riiiiiiiiiiiiiiiiiight, real markets do that all the time.
JI
jimkane
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Posts: 33,089
That pullback was 2.50 points. The five on the way up were 1.25. 1.25 * 2 = 2.50. Hmmmmm.






