Starting it off.
Next couple of weeks may turn out to be hard for me to post apart from two maybe three hours before the cash market close. I hope to come back to my usual forum activity soon.
JI
jimkane
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Anyway, long 200,000 contracts (please don't make me say every time that that's a joke with a purpose).
JI
jimkane
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Personally, I hope it goes down a bit more, I have a better area (or a better part of this area) just below.
JI
jimkane
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But yes, the 'good stuff' is right in here, too, and anywhere soon should give this thing an obligatory bounce, I suspect. If not, that would be something, but would also likely climax it. I want sustain...
JI
jimkane
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That's what I was wondering. Here, or just below. Decisions, decisions. As roofer says: decide.
JI
jimkane
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I like lower because then that's it, it plays out or it doesn't. Here it could always roll down and put the heat on.
JI
jimkane
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I have other, non-trading reasons to want this to sell into the close and not bounce hard. Hopefully...
JI
jimkane
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C'mon, baby, give me the full depth of the area... Gimme another push down, slow and steady, then close. Or break down...
JI
jimkane
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Posts: 33,089
I see no issues with new all-time highs soon. How those 300,000 contracts looking now (yes, this is a joke)? I knew as soon as one 'guru' was saying we are heading down a bit further, and another was talking way, way down (after being a monster perma-bull, he got flipped so fast by the action he got real bold near the lows), I was certain we'd be headed up big any time there. I am now waiting for them to flip back in their calls, and go on about how this was a failed breakdown, so the 'bull' is about to explode in the breakout of the century. That has me wondering if we perhaps won't make the new highs. I have to see when they flip back to gauge that sentiment. In other words, I use them to give the me the precise point where they are the most wrong they can be.
As an aside, be very, very watchful right in here, this is big.
As an aside, be very, very watchful right in here, this is big.
