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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Just getting ready... Champing at the bit...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    My favorite scenario here would be violation of .9285-90 resistance area just to start a reversal.

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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Swissie is making a third D or is going to break the area. Fascinating price action there.
    RA
    rat89
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    Posts: 7,015
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    RA
    rat89
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    (Edited )
    sorry, this one:


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    RA
    rat89
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    (Edited )
    perfect abcd into the kz here at this low:


    oops...right here...

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    RA
    rat89
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    on that last pullback on the five minute, three continuation setups were invalidated, kane went to the penny...wonder who wins?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    So, they played the same game as yesterday, a game they play a lot, drop it down in the morning for better prices. After shaking them out they took it up to that 40's area. Then down to the KZ, and now they are delaying the decision of heading for the levels I mentioned, or keep rolling it in this low end range, perhaps even resuming the bear market (I'm not saying it is, we won't know for sure until it's well advanced, I'm just saying it might be). Who knows. When in doubt, play the smaller intraday areas, or stay out, I always say.


    Originally posted by jimkane

    So, if this gets moving I am watching around 54 and then 63. There are some things in the 40's, but I'm too tired to post the exact levels, so do the work. It really wouldn't surprise me to see this hit that 54 area tomorrow, or shortly after. We'll see. Like I said, I have very little idea what they might be planning to do intermediate-term with this thing.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Ooh, Ooh, Ooh, pick me, pick me. I know the answer to this one.

    Originally posted by rat89

    on that last pullback on the five minute, three continuation setups were invalidated, kane went to the penny...wonder who wins?

    JI
    jimkane
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    Posts: 33,089
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    (Edited )
    I say that in jest because it was fun to do my Arnold Horshack imitation, but this one, I think, is going to do something different.


    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Finally, a little something. Thank you Trading Gods.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    (Edited )
    Maybe this is very close (I think it might be), and maybe it's not even in the ballpark. One thing I do think is if this isn't how it unfolds, it will be some other scenario equally vile. Sorry. I can't believe my 'golden years' as I near 'retirement' are going to be spent like this...

    http://www.zerohedge.com/news/2013-08-31/guest-post-what-expect-during-next-stage-collapse