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MA
MarcinO
Rep: 67
Posts: 5,506
No charts. Just opening a new topic.
JI
jimkane
Rep: 3,058
Posts: 33,089
On AAPL, the very low end of this next, minor area is actually 96, about a buck higher than today's high. I wish I could get it tighter than this, but the work is the work, and that's what it is showing me. So, I guess theoretically it could check back in here. I just don't really see anything substantial...
RA
rat89
Rep: 0
Posts: 7,015
thank you roofer


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JI
jimkane
Rep: 3,058
Posts: 33,089
Your chart sure shows why I am watching around 560.
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES sure looks ready to do that downside I was mentioning.
JI
jimkane
Rep: 3,058
Posts: 33,089
And they did get all those stops. It did go down. Not sure why I 'knew' it wasn't going to rise right from there, something I perceived but don't really know what it is.


Originally posted by jimkane

I don't know why I am going to say this, especially since whatever price does at this time of day (especially after these V days) means less than nothing to me, but this must go down (probably in some stop flush) before it can go up at all. How all this plays into the next V I don't know yet, but I'm just saying right now, very short-term, no way I see this going up even a little without some down first. Just a hunch.
JI
jimkane
Rep: 3,058
Posts: 33,089
Really makes me want to throw up. Notice what happens on the chart when a QE program stops. But, just read what they have written here and you can see what's going on. Like I said, in a system with no fractional reserve banking, no Fed, no money printing, no derivatives, etc., the 'fair value' for the S&P would probably not be my 400, it would likely be even less...

http://www.zerohedge.com/news/2013-08-13/us-treasury-finally-admits-truth-its-all-pomo-and-no-one-dares-fight-fed
RO
roofer
Rep: 3,689
Posts: 3,574
goes back to what i posted at marketgeometry back in 2010 before joed and i were tossed.my mom, the lifelong speculator, sat me down when i was 11 and said'' when the government panics and floods the market with money to stimulate the economy it never goes into productive activity.. it always goes into speculation... the time to worry is when the economy starts to get better''i believe she would be amazed how this time the panic seems endless....
MA
MarcinO
Rep: 67
Posts: 5,506
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RO
roofer
Rep: 3,689
Posts: 3,574
marginal at best... bonds traded lower yesterday to key line then formed 3 pushes.... off of that rallied to medianline... long off retest this morning....stop break even... back to garden
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RA
rat89
Rep: 0
Posts: 7,015
funny how the adjusted set fit perfectly, even at the .685 at line a little earlier


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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