The Aussie is in interesting spot.
ABCD against strong resistance area.
JI
jimkane
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I'm not going to try to describe it, but look at a 1-min (it's better to have watched it unfold live), there is nothing about how it is behaving that is consistent, from a probability standpoint, with any downside. It just stopped 'acting right' as soon as they made it look like it was rolling over off that rip in the 'downtrend' on the 1-min. That's the game. I'm going to watch it because sometimes they 'game games', but most likely it will chop or even grind out another new record. That's my read. In other words, a snoozefest until the close.
JI
jimkane
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So, they decided on the the record highs (again). Given this I'd expect a blast up from here to close the week strong. See how a 'read' on the action can sometimes give one the option to bail before anything has happened?
JI
jimkane
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I really do think they have designs on 2000 ASAFP. I'm not saying it will get there uncorrected, and I don't spend a lot of time thinking about where the market is going, but sometimes the layout and the 'feel', the 'sentiment' (different use of the word here) give a hint of what some big players may be intending.
JI
jimkane
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22.25 is all it had. Cool. Let's see if they pop it in the after-cash after that shakeout.
JI
jimkane
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If you study that last dip with my methodology you should be able to see several lines hitting dead on the reversal point. Really obvious (to advanced KT practitioners, in my opinion) lines. No shock how it responded.
JI
jimkane
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Okay, that appears to be it. Students of my recent work can see why that's as far as it got. Sorry to be so cryptic, but it has to be that way so I can hint in such a way that those under the non-disclosure agreement know they should be looking at this or that. A necessity when running a blended (book set buyer and mentor student) forum.
JI
jimkane
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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"
"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"

