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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
MA
MarcinO
Rep: 67
Posts: 5,506
60-66 in play soon? 63 is heart of the area.
MA
MarcinO
Rep: 67
Posts: 5,506
Nice reaction so far. Any troubles at 84-85?

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es 2014 01 26 management lower tf png
JI
jimkane
Rep: 3,058
Posts: 33,089
First lower timeframe key bounce spot here. I think 67 may be as close to Marcin's area as we might see right now. I was sure they'd bounce it more last night and then do the last drop in, but they barely got it off the floor and did the roll in. Another drop in would be a 3D deep into the area, and that would be cool, but also fairly obvious. So, I'm ready for this to be the bounce.

It is possible, though, and not in the highly likely category, that this rolls down, takes that area out, and really sells. I think the highest odds favor a bounce right from here, though. Recall last night when they made it really look like it was going to rise, and then they brought it down for better prices. I should have expected that, given how blatant they were making the rise look. In here I'm not so sure the outcome, odds-wise. The bounce here might be what I see as the highest odds, but we may have three outcomes, one at 35% odds, one at 30% odds, and the other at 30% odds (bounce here, bounce and roll, bounce and get monkey-hammered, and 5% for 'other'), so it's like a coin toss (a three sided coin?) which it may do. Such is trading at times. Just my take.
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jimkane
Rep: 3,058
Posts: 33,089
Ah, I see as I was writing that Marcin is all over the area showing why I said here's the first lower timeframe key area to watch. He's all over this stuff.
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks to your awesome tools, Jim.


Originally posted by jimkane

Ah, I see as I was writing that Marcin is all over the area showing why I said here's the first lower timeframe key area to watch. He's all over this stuff.
JI
jimkane
Rep: 3,058
Posts: 33,089
It wants another push. I think this bounce is 'it'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Glad to be of assistance.


Originally posted by MarcinO

Thanks to your awesome tools, Jim.


Originally posted by jimkane

Ah, I see as I was writing that Marcin is all over the area showing why I said here's the first lower timeframe key area to watch. He's all over this stuff.

JI
jimkane
Rep: 3,058
Posts: 33,089
But, and I'm being cautious, are they making it look like it is about to explode because it is going to roll down off this area?

Originally posted by jimkane

It wants another push. I think this bounce is 'it'.
JI
jimkane
Rep: 3,058
Posts: 33,089
My view off that low was that was it, and I see no reason now 'the big bounce' isn't underway. We shall see.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, if it gets past say 86 then say 93.25-94.50 is the next spot, which it could reach by the RTH close if they kept on it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at this sell!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!