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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Just over 20 minutes left, still chopping in a 3 point range for over three hours now. Like I said...
RO
roofer
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melt- i have shown this before and over time it has become an important thinking tool for me in the modern manipulated market.... the computers are able to quickly move price to where they want to reverse by ''melting price''..in my record keeping close to 90% of time price returns to pivot that price initially melted through... today was no exception...
JI
jimkane
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Posts: 33,089
Recall how I said that PCLN will beat GOOG to the $1,000 mark? I also have been thinking the 'bull' simply cannot end until PCLN gets over $1,000. Well, it hit 987 and change in the aftermarket today. It may take out $1,000 tomorrow, or next week. This, as GOOG 'struggles' (if an issue can be said to be struggling at just under $1,000 a share...).




