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AL
albert
Rep: 99
Posts: 3,094
Here is a new topic.


Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
GZ next, then just below the LOD, and then... Those 'bulls' better bounce this, or all is going to break loose. Which I'm fine with...
RO
roofer
Rep: 3,689
Posts: 3,574
abcd into 382/447 at line
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
roofer hits another home run. Nice job. That's basically what I was looking at in the ES (well, its own variation of similar stuff).
JI
jimkane
Rep: 3,058
Posts: 33,089
I think I'd have to rate today pretty close to a 10 out of 10 for trading potential. Things moved right off obvious areas, did it in smooth trends, and 'saw' but barely reacted to lower degree key spots along the way. It pretty much doesn't get any better than this for intraday trading, in my opinion.
RA
rat89
Rep: 0
Posts: 7,015
wow wow wow.....and look at where they put it into the close....right into the gz and down to the .886 right after
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, while this may be forming a base in here with yet another 'retest' of the key area, it is getting scary. The thing I don't like is that a lot of people are saying more down coming. But, all those people are saying it's a buyable dip. So maybe they all get fooled when they buy in where they say it will end, and get reamed as it keeps falling.

Like I said, it's not off the table the bear started where I said it would. I think it needs more time and higher highs, but this is a key weekly spot, as I showed for a long time. It will never be clear, all one can do is play a probability game based on the viewpoint at any given time. I'm just laying out my thoughts. And right now, if those 'bulls' don't come in, they are going to the slaughterhouse.
JI
jimkane
Rep: 3,058
Posts: 33,089
They want to take out that LOD! 33.25-35.00 is the area I have.
JI
jimkane
Rep: 3,058
Posts: 33,089
One tick away...
JI
jimkane
Rep: 3,058
Posts: 33,089
You knew they'd have to get it, even if only by a tick.
JI
jimkane
Rep: 3,058
Posts: 33,089
The 'V' is back.
JI
jimkane
Rep: 3,058
Posts: 33,089
Alright, I'll finish with a little visual. Make sure you look at all the posts and the timestamps. Look on a 1-min. This chart is just a guide for what I was saying. Look at it all. They do this all the time, but especially on a Friday when it sets up like this and is dead at the times of day this was.


Click image for original size
ES U3_082313_5min chart



Chart created on QCharts, courtesy eSignal