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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Time to move to the high end of the chop range now? Or is this it?
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch the little ABCD here. But in situations like this, chop is almost always the mode, not trending ABCD's, in my experience.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looks like that long-side very short-term bias switch there was indeed the right play.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just read a Twitter comment that said 'charting is broken due to the FED'. It is? Really? Here's what rat had to say yesterday, Jim notes, as what Jim said minutes ago plays out again:

"All I know is that the last three weeks or so have been the best trading environment if one went one trade at a time. Every setup announced itself ahead of time and then confirmed."

Yep, I agree mister blogger, charting is broken. Sheeeeeeeesh.
JI
jimkane
Rep: 3,058
Posts: 33,089
Top of the chop range...
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jimkane
Rep: 3,058
Posts: 33,089
Bottom of the chop range as the cash market closes. Same old, same old.
JI
jimkane
Rep: 3,058
Posts: 33,089
Tomorrow should be fun.
JI
jimkane
Rep: 3,058
Posts: 33,089
Analyst on TV saying this 'bull' has about 2 years left to run. "Buy the dip". Another analyst says he agrees and he, too, would "buy the dip". Nothing ever changes. It can't. "Economy is on firm footing, and in fact we are quite bullish." Oh, and the first guy is bullish on residential construction (wow, an area I am the most bearish on...). Unreal.
RA
rat89
Rep: 0
Posts: 7,015
amazing wave structure here, with price delivered into the fib box each time....the green set invalidated on a failure to hit the median line; says expect a trip back to the lower line (red line) for retest or worse....


Click image for original size
screen shot 2014 04 10 at 6 35 44 pm png
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2014 04 10 at 7 04 52 pm png

Click image for original size
screen shot 2014 04 10 at 7 07 05 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
The trading action lately has been just off the chart in my opinion, pun intended? See ya all Sunday?