MyPivots
Sign In
MA
MarcinO
Rep: 67
Posts: 5,506
The Aussie is in interesting spot.
ABCD against strong resistance area.

Click image for original size
6a 2014 05 25 png


Click image for original size
6a 2014 05 25 big png
JI
jimkane
Rep: 3,058
Posts: 33,089
And although there are some reasons why we may top sometime this summer, I am also wondering if this isn't about to do a true parabolic blowoff, perhaps heading to Armstrong's 3400 in short order. It makes perfect sense to see a near doubling from here, and then the bubble can collapse.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see what happens at 20-21.
JI
jimkane
Rep: 3,058
Posts: 33,089
Unless they are just pushing on that high by a tick or two, and then they lose it.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is exciting stuff. It is interesting, for a change, that they'll close it right at a key area.
JI
jimkane
Rep: 3,058
Posts: 33,089
AAPL is doing good on its march to new all-time highs for it. It's 'The Golden Boy' once again.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, in reality, this was another basic day, as far as the methodology, in my opinion. They brought it down in the AM for better prices, right to a key spot, and ran it up and closed it basically at the high tick, at another new all-time high. 'Management mode'. If you can't find the area then keep working, it's really obvious once you see it. Not to mention heavy support for one specific type of Fib work I show recent mentor students.
JI
jimkane
Rep: 3,058
Posts: 33,089
Funny, I just noticed there is a movie on TV called 'Roll Bounce'. That's a common trading expression, when they roll it, then suck people in and then aggressively bounce it, trapping the shorts and leaving the longs behind. A 'Roll Bounce'. It's one of the traps I watch for. And they chose it as a movie name. I just find that cool.
MA
MarcinO
Rep: 67
Posts: 5,506
Resistance at 19-21, indicated by Jim.

Click image for original size
es 2014 05 30 png
MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
es 2014 05 30 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Now we see if we get any selling into the close. It seems highly unlikely, but I think worth a shot for the highly experienced.
JI
jimkane
Rep: 3,058
Posts: 33,089
I was just reading some Paul Craig Roberts and how AmeriKa was lost (taken, really) and thinking about how I viewed the world when I was younger, compared to now. Thinking about what I think the future holds (it's all extremely awful, I have zero hope for anything good in the future at all). Then this song came on from Supertramp. It's all about being part of the 1% (0.1%?) in this rigged game. The rest are just slaves to be used up.

"So you think your schooling's phoney
I guess it's hard not to agree
You say it all depends on money
And who is in your family tree
Right, you're bloody well right"