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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
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jimkane
Rep: 3,058
Posts: 33,089
Wow, they are still gobbling it up. The goob-er-mint (pun intended) must have dropped off another football field of our cash to the money center banksters and told them to buy hand over fist regardless. In other words, same old same old.
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jimkane
Rep: 3,058
Posts: 33,089
Sure, I expect the 60 area ASAFP, I just didn't think that would be before the open...
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jimkane
Rep: 3,058
Posts: 33,089
The heart of the heart of the area is at 62 at the open. But this area right here is so big, I just can't see how it will take it out. I guess it will because unlimited fake money and machine manipulation trumps technicals every time. That's why there are lots of key areas, and we as traders have to decide which ones to play, and which ones to ignore, based on 'context', market read, and other clues. That's the game we play, or it would be too easy, and the market wouldn't exist as we know it. That's my opinion, anyway.
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jimkane
Rep: 3,058
Posts: 33,089
The entire MyPivots areas had a total of nine members in today all together. About 60 ES points movement in two beautiful swings, and nine people are in, and still no daytrading thread. What is going on? What will it be like when the bear finally hits? Two people? One?
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jimkane
Rep: 3,058
Posts: 33,089
Another nice buy the dip on the way to the 62 area, I think.
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jimkane
Rep: 3,058
Posts: 33,089
I will still be blown away if it can hack this area, especially without a big reaction off it first.
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jimkane
Rep: 3,058
Posts: 33,089
I have zero intention of expecting anything from this play except 62 area, likely by the open. Anything can happen, but my confidence level in this outcome is extremely high.
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MarcinO
Rep: 67
Posts: 5,506
Thanks for indicating it. I tend to miss such games.

Originally posted by jimkane

You know the main reason why I think this pushed to the next level over this choice area? Too many stops. Just look left.

Originally posted by MarcinO

abcd


MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
es 2014 04 16 png
MA
MarcinO
Rep: 67
Posts: 5,506
37 looks like a solid support, used as a management area.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just realized now what everyone in here (all two or three of you) already knows. The market is closed now until Sunday open. Bummer. For me, that just plain sucks rocks. Darn it.