JI
jimkane
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Posts: 33,089
BTW, notice that the low for that ABCD is right around that breakout level, going two ticks into it. I vaguely remember someone requesting a backtest of the breakout, with a little trading into the range, as the second upside sweep, before it takes off. Looks like it did it, just off a bit higher than I expected.
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jimkane
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Posts: 33,089
Yeah, I knew someone said something about that.
Originally posted by jimkane
C'mon, bring in the dip, just back into the range it just broke out of. Then explode up like there's no tomorrow...
Originally posted by jimkane
Anyway, it swept the stops on the low side. Now I would expect a high side sweep. 'Usually' that might mean downside continuation, as the moves alternate. But, they can sweep up, fake down, then continue up, forming a higher low in the process. This, I think, is the higher probability event, but we'll see. It may just take right off here with no sweep fake on the high side. Time to see...
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jimkane
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Posts: 33,089
Now all that remains is the continued up move. Oops, as I type this it pops to a new high for the move as the futures close.
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jimkane
Rep: 3,058
Posts: 33,089
Here's a good example of what may happen to us soon enough. Note that their market is now at 1,365,000. That's a nice pop. Soon the Dow may be there, too. We'll all be zillionaires. Problem is, a roll of TP will be 10 zillion dollars... Remember that in the year of their hyperinflation Zimbabwe was the best performing stock market in the world in nominal terms. You can now get a $100 trillion bill on eBay for about $3.50 last time I checked. But, people are so stupid, I guess, that as long as the stock market is rising, even when they own no stocks, they think things are great, even if they are hungry. Consumer sentiment just broke out to a high not seen since 2007! Things are good!
http://www.zerohedge.com/news/2013-09-03/no-electricity-or-toilet-paper-small-price-pay-all-time-highs
http://www.zerohedge.com/news/2013-09-03/no-electricity-or-toilet-paper-small-price-pay-all-time-highs
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jimkane
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Posts: 33,089
Let me paraphrase Alice Cooper's 'Hello Hurray'. Instead of Alice on stage, it's Mr. Market:
'God I feel so weak...'
'God I feel so weak...'
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jimkane
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Posts: 33,089
Okay, is it just me, or did something happen. The forum is now completely unreadable to me. Gray colors, everything all over the place, nothing lining up. What gives? I hope it's not some new change, I can even read it at all..
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jimkane
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Posts: 33,089
Please, please tell me this is some temporary glitch. This is the most awful format/view I have ever seen in my life.
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jimkane
Rep: 3,058
Posts: 33,089
Hmmm, I can't see any topic for my forum or in the public area. Paragraphs don't line up, sentences are all over the place, with the colors I can barely read anything. I have a huge problem as it is, it must be some kind of a vision issue, but I need white backgrounds to read, I can't do it with grey or black. I'm just stressing out because I don't want the wonderful Kane Trading forum to end for us here after nearly 40,000 posts, but if this isn't a glitch, it's impossible for me to read it or post or do anything with this format. Darn it all to heck.
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jimkane
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Posts: 33,089
Is anybody seeing this besides me? Is there anybody out there? Can you even read this post???
MA
MarcinO
Rep: 67
Posts: 5,506
Yes, this is quite funny.
Partitions is a series of three times when Austria, Russia and Prussia annexed parts of Polish-Lithuanian Commonwealth until they took over everything. So their point that this is only the beginning is really good.
This kid in the second poster is PM Donald Tusk also called Donaldinho (like Ronaldinho), as he spends more time playing soccer than working. ZUS - state owned fund.
And a writing below 'One more time' leaves no delusions. And showing chief communist here is well-aimed. After WWII communists nationalized everything including even the smallest groceries.
Partitions is a series of three times when Austria, Russia and Prussia annexed parts of Polish-Lithuanian Commonwealth until they took over everything. So their point that this is only the beginning is really good.
This kid in the second poster is PM Donald Tusk also called Donaldinho (like Ronaldinho), as he spends more time playing soccer than working. ZUS - state owned fund.
And a writing below 'One more time' leaves no delusions. And showing chief communist here is well-aimed. After WWII communists nationalized everything including even the smallest groceries.