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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Posts: 33,089
Okay, it hit 85.75, and closed at 86.00. Now, why did I post that well before it happened? Why did I say they wanted that? And it closes 86.00... Get studying. And once again, the afternoon still royally sucked.
Sure, it dropped 6.50 points total high to low off the area I posted. But, I didn't really expect the area to hold, and even if I played it, it took about 2.75 hours to move those 6.50 points, and had 2.75 and 3.00 points swings in there, with around eight pullbacks (it depends on how you count them, some might count as many as ten). To me, that's about as bad as it gets.
I already knew not to get involved in such garbage in the afternoons lately, but it's getting old. The only saving grace is the mornings have been glorious. Glorious mornings, heinous afternoons.
Sure, it dropped 6.50 points total high to low off the area I posted. But, I didn't really expect the area to hold, and even if I played it, it took about 2.75 hours to move those 6.50 points, and had 2.75 and 3.00 points swings in there, with around eight pullbacks (it depends on how you count them, some might count as many as ten). To me, that's about as bad as it gets.
I already knew not to get involved in such garbage in the afternoons lately, but it's getting old. The only saving grace is the mornings have been glorious. Glorious mornings, heinous afternoons.
