Any serious correction off 1955-60 ?
JI
jimkane
Rep: 3,058
Posts: 33,089
'Too easy'. Look up the definition on the page I have for that if you don't recall what it means.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if this is now 'on the rise'. Nice higher low and strong action in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Next stop around 45? Anything less would indicate (given the mass bull manipulation going on for over five years) profound weakness, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
Ho-hum. Yawn. Pretty straightforward ride off a key area here. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. And yes, I'm watching the little bearish ABCD area, in case.
JI
jimkane
Rep: 3,058
Posts: 33,089
The best timing factors I have (I don't put a lot of weight on these) says around the open tomorrow, give or take a few hours, for that 45 area. Given how much movement there was last night, this makes sense. When our session ranges get narrow, one response is big ranges. The other is movement in the overnight. I think I may not be getting a lot of sleep tonight...
JI
jimkane
Rep: 3,058
Posts: 33,089
I couldn't stay awake. But, I'm checking it on my bathroom stop (I usually wake up every hour or so, crazy, huh?), and wow, it totally respected that bearish ABCD so far. Recall my comment about my view if it doesn't get right up there. If it doesn't dump from here I'll be waiting to see if they jackrabbit it up on the open, otherwise, it could be in trouble.
JI
jimkane
Rep: 3,058
Posts: 33,089
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away, never to be heard from again, who simply believe they are not doing the right thing for the people, that they no longer represent the people.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/
http://www.paulcraigroberts.org/2014/06/10/john-whitehead-guest-column-washington-arming-public/
