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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They had an expression when I was a younger man to describe something crappy, like this awful action in here, and that was 'sh%& suck bite'. I think it came from a combination of the obvious, plus 'This sucks' and later 'This bites'. Hence 'sh%& suck bite'. This action is just sh%& suck bite!
JI
jimkane
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And then there is the specialized version for days like today: Super sh%& suck bite.
JI
jimkane
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I can't believe it respected that 3-min overhead TL. It's very weak. I suspect this will wind up being an overnight run up. I can't imagine all this weakness (it's shown weakness at every chance at this overhead area) will actually imply it is going down off this spot, not without at least one more push. We'll see.
JI
jimkane
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And now it's blasting up off the upsloping 3-min TL. These guys are goofy.
