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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, is that it, down now? This is a tough read for me. I think it wants more to the upside, but the 'failure' to get there ASAFP and how it's acting here makes me wonder if it may be done. The question, from a trading standpoint is, do I think it's totally done, or looking to churn/pull back and then move to the next level(s)? Sometimes I have a great feel for that, I believe, and sometimes I don't. Right now I'm fairly ambivalent... That could change any second though, on one clue...
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm still thinking this may shoot for 55 or even 60 or so by the close.
JI
jimkane
Rep: 3,058
Posts: 33,089
Hey, today we have had six members in here, and the entire MyPivots area so far today has had six. Woo-hoo!
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jimkane
Rep: 3,058
Posts: 33,089
Here we go?
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd think it would 'need' a little more time in this range, but it appears it is ready. Hopefully, as I'm still 'long side bias'.
JI
jimkane
Rep: 3,058
Posts: 33,089
It would be a nasty trap to run the stops like this, bring it back in, then go. A 'super-nasty' trap would be to sweep them down now, then go. I don't think they'll do that option. I'd prefer it just pop now on this 'backtest'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby.
JI
jimkane
Rep: 3,058
Posts: 33,089
That HOD may scare it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's see how it handles that HOD and do an assessment after.
JI
jimkane
Rep: 3,058
Posts: 33,089
HOD taken.
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.