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MarcinO
Rep: 67
Posts: 5,506
Lot of lines coming together in the KZ, just above a TL.

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es 2014 05 04 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Yee-haw. Now that's what I'm talkin' about.
RA
rat89
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Posts: 7,015
the whole thing has the look of an abcd to the kz starting from the low at 1737.92 with abc in the b leg and abc in the d leg.....abc x abc? Is this how they get it up to 1940 area?
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rat89
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Posts: 7,015
classic pickup at the kz yesterday for a ride up into the .886

Now what?

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screen shot 2014 05 08 at 10 29 02 am png
RA
rat89
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watch this area here....do the fib work and you'll see why.....


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screen shot 2014 05 08 at 11 58 04 am png
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rat89
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they sure saw the 1.128 in dia at 166.07


And they're good, very good.....the other indexes started a sell while dia barely budged.....not until the retest. Now we get to see if this is a bull trap or a bear trap
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jimkane
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And this is why I don't quit the market after the first two hours, like it seems most traders do nowadays.
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jimkane
Rep: 3,058
Posts: 33,089
Anyway, is this the bounce point?
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jimkane
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Okay, the LOD stops are hit. Is that it? Some day that will only be the warm up, like 'the old days'. I'm waiting for the time when the programs don't trigger in situations like this. Meanwhile, it's just a ride and see what it does. What incredible action!
JI
jimkane
Rep: 3,058
Posts: 33,089
My key spot is 63.00-.50, center of area. If that gives way today, that would be quite significant, in my opinion. That's also that 20+ points straight off the high. It's close now, but 'should' get closer. It looks tired, though, and the area is something others may see.
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jimkane
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Posts: 33,089
Point being, that may be it.
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rat89
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Posts: 7,015
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screen shot 2014 05 09 at 11 11 24 am png