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jimkane
Rep: 3,058
Posts: 33,089
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Same four as yesterday. Rat, Marcin, Al, and the guy who mentored with me long ago who does his own style now, but still likes to follow along. Oh, well, it's better than zero. Everyone else is busy working 100 hours a week to slip further into the hole.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if this long is going to pay off as well as that absolute 'gimme' trade setup from yesterday. I don't think so, but you never know.
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jimkane
Rep: 3,058
Posts: 33,089
I was wondering if the move down earlier, from 1770.00 to 1760.00 was a 'coincidence'? I mean the round numbers, 70.00, 60.00, 10.00 point move. Seems odd.
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jimkane
Rep: 3,058
Posts: 33,089
And how funny, I just realized, the instant that I posted that the ES was up 10.00 for the day!
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, watch the ES here, it's an important area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very scary here for the bulls (I mean, in the very short-term).
JI
jimkane
Rep: 3,058
Posts: 33,089
If the grind up is to continue I'd think 64.50 is all it should come back in here, at the max.
JI
jimkane
Rep: 3,058
Posts: 33,089
It might be done. That's unimaginable, but it might be the case.
JI
jimkane
Rep: 3,058
Posts: 33,089
1-min 1.000 ABCD here at the key area... Clue time.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, now that's some price action.
JI
jimkane
Rep: 3,058
Posts: 33,089
This might sum up trading since '09 as good as anything I have seen. I recall in '99 when I ran into my plumber and he told me he just folded his plumbing business and was now trading full-time. Looking at some of what I am seeing on YouTube I think we are getting there.



Source: http://slopeofhope.com/socialtrade/