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JI
jimkane
Rep: 3,058
Posts: 33,089
Champing at the bit. Can't wait for tomorrow. Wish I had a little bigger following with more participation...
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, I'm watching in here in case it rolls over. That sounds ridiculous coming out of my mouth, I just mean a tiny little rollover, but here's the spot I am concerned about.
JI
jimkane
Rep: 3,058
Posts: 33,089
Why here? It's the exact measured move from the last big rally off the April low.
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jimkane
Rep: 3,058
Posts: 33,089
To the tick. They like to play head games like that.
JI
jimkane
Rep: 3,058
Posts: 33,089
That overlaps with the wicked SL and the IB.
JI
jimkane
Rep: 3,058
Posts: 33,089
Scaling would be commencing in here via my methodology.
JI
jimkane
Rep: 3,058
Posts: 33,089
But just some, as this may not even be warming up. It may do this grind until the close. Who knows any more.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, if this grind continued unabated until the close it would be just over 1970 at that time by my calculations. Too funny.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looks ready for another leg.
RA
rat89
Rep: 0
Posts: 7,015
pennies away from the double 1.27 at line of the set anchored at the gap left behind

Click image for original size
screen shot 2014 06 05 at 12 25 50 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
1-min cup and handle...
JI
jimkane
Rep: 3,058
Posts: 33,089
Very funny and apropos comment from over at Slope of Hope:

"Please stop using the term "bears". There are no bears. Only bulls and people who used to have money. Comprende?"

Source: http://slopeofhope.com/2014/06/jump-in-the-drink.html#c1760911