Lot of lines coming together in the KZ, just above a TL.

Just too easy. Dumps off the area (albeit one needed patience), right to the first area, then up, and now starting the inexorable rise. Sure, anything can happen, but with 'Super Tuesday', the odds great (greatly) favor 'up'. So, I'm hoping to wake up to a nice rise, then either see additional rise, or a 'bring it in a bit for better prices', which may best be approached as two separate legs. Can't wait for the AM. As an almost aside, another scenario, one which I think has a lot lower probabilities, is that they made it look real strong just now, and they will start a move now for those better prices since many are sucked in, then another jackrabbit run up off the open. I see no good scenarios where tomorrow is a substantial down day (barring news about Russia). Let's see if I eat those words.

Nice chart, rat.

Six here here today. Not bad.

I only have one thing to say: pass the salt. It is 'interesting', though, that they made it look all strong there, and I saw that, hence I added that it may be a trap, and they may take it down from there. They did, indeed, exactly as I suspected they might (although I thought a rise throughout the night was more likely). What I got dead wrong was that they would take it down to the next higher level area. That I totally didn't see coming. Yes, it was obvious it was up against a tough area, I even discussed that short shot, but I was one level too early with that, and based on how they made it look I abandoned the idea altogether. 'They' totally duped me. There is an upside, I feel, a tremendous one, to reading price action, but there is also a downside in that 'they' know many of the things I look for, and 'they' will use those to 'get' me. Mostly 'they' are trying to get suckers, and I'm trying to second and third guess how they will get those suckers, but at times 'they' outdo me, and I become the sucker. That's the game we play. Anyway, that's my two cents. At least I'm not afraid to lay out my scenarios in advance, and own them when they don't play out. Few are willing to do that. Many are willing to post after-the-fact charts, though (and discuss their winners). It's nice we have in advance charts in here.

Originally posted by jimkane

Just too easy. Dumps off the area (albeit one needed patience), right to the first area, then up, and now starting the inexorable rise. Sure, anything can happen, but with 'Super Tuesday', the odds great (greatly) favor 'up'. So, I'm hoping to wake up to a nice rise, then either see additional rise, or a 'bring it in a bit for better prices', which may best be approached as two separate legs. Can't wait for the AM. As an almost aside, another scenario, one which I think has a lot lower probabilities, is that they made it look real strong just now, and they will start a move now for those better prices since many are sucked in, then another jackrabbit run up off the open. I see no good scenarios where tomorrow is a substantial down day (barring news about Russia). Let's see if I eat those words.

BTW, that looks like a double stop sweep there, just like in the AM. Same old, same old. Now let's see if it's another chop until close, or if it clears the way (as it used to) for a move of some kind.

Cable ready to set an almost six-year high. The dollar is getting monkey-hammered. Expect to be paying more for everything at an even faster pace.