JI
jimkane
Rep: 3,058
Posts: 33,089
I mean, remember yesterday when I was begging it, at least let me see a 40's handle, give me at least 49.75 (go back and check the posts). Well, we just hit 49.50...
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, come on, don't tell me that's all you are going to do. I was joking when I said at least give me a 40's handle. I didn't mean do that and head up. C'mon, you oinker pig.
JI
jimkane
Rep: 3,058
Posts: 33,089
To me, all joking aside, this is a coin flip in here if it is done now, or will probe this a bit lower. I'd like lower because then I can say if the area holds this is it. But here, maybe it does another push down. The stop would have to be below all the area, and with the .447 at 37, well, it better be a big play, then. It would make it easier for me (and bring more profits on the short that you may still have running) to find the best entry and stop, but it is what it is, and what it is is happening as we speak.
JI
jimkane
Rep: 3,058
Posts: 33,089
Hendrix: And the wind screams Mary...
Jim: And the wind screams Forty..
Jim: And the wind screams Forty..
JI
jimkane
Rep: 3,058
Posts: 33,089
I can't really get any read on this if it will keep doing this consolidate then stop sweep and down to 40-42, or just explode out of this base, but somewhere in here I am thinking that's it (for now). I could be wrong, though, this area may not hold, and then watch out.
AL
albert
Rep: 99
Posts: 3,094
Thanks Jim and thank you for the offer. Please leave my latest posting in the main discussion threat, where it is. The chart seemed worthy of comment at the time I looked at it, but now, not so much. It probably points out that I need to follow price action on the 15 minute and higher timeframes more, in order to see more, as you have pointed out in your books. As usual, the Kane ABCD covered the price action beautifully.
Al Kamego
Al Kamego