Any serious correction off 1955-60 ?

It could be done...

My view, the way things are right now, is some aggressive scaling on that pop and stall, and watching now with the rest.

The downside is if a big run is underway, a lot of the potential is lost with a maneuver like that. But, if I don't like what I'm sensing, I go with the read. This may be a great example explained as it happens. If this one does pop here into the close, then we'll see why that move to scale can be problematic.

Are they gearing up for the pop now?

Wow, does it 'see' that line. They made it look like the pop was imminent, and then it weakens.

43.25 may send it up?

Originally posted by jimkane

Are they gearing up for the pop now?

Yes, getting back to the backtest of that downsloping TL, or closer to all those other broken lines, and it should be ready. But, from a 'daytrading' perspective, I'm tired of this, glad the view was to scale, and already done with this one.

It's there. But, I don't like it. Way too deep looking, at least in the short-term. I'm not liking the action lately at all, at least for the normal programs for the upside.

Originally posted by jimkane

A backtest back to say 42.50-.75 sure would be sweet here, but will it? And if it did, will it continue the rise? I'd more expect the programs to blast it straight up from here.

Those senses, they are something, aren't they?...

Originally posted by jimkane

The downside is if a big run is underway, a lot of the potential is lost with a maneuver like that. But, if I don't like what I'm sensing, I go with the read. This may be a great example explained as it happens. If this one does pop here into the close, then we'll see why that move to scale can be problematic.

Originally posted by jimkane

My view, the way things are right now, is some aggressive scaling on that pop and stall, and watching now with the rest.

They are

Everyone (you know, all two or three of you) should really read this. I know this is a trading forum, not a political discussion group, but the biggest problem of all is how people just stand by as all this unfolds, just like the examples in the article. Now I'm probably on another list for posting this link. I read recently where they said that the way you can tell that a society is no longer free is when people fear using their free speech. Well, I can say one thing for 100% sure, I fear my government tremendously, and I fear using my 'right' to free speech. I totally believe the government is or soon will be taking people away, never to be heard from again, who simply believe they are not doing the right thing for the people, that they no longer represent the people. I think that meets the criteria that we are no longer free. Anyway, this is a good read:

http://www.paulcraigroberts.org/2014/06/10/john-whitehead-guest-column-washington-arming-public/