It's a bit premature to draw such a deep ABCD for the Aussie, but just in case...
JI
jimkane
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Posts: 33,089
And it has the look like it's going to sell pretty good. This is going to be interesting, since all I can imagine out of them is 'up'.
JI
jimkane
Rep: 3,058
Posts: 33,089
For those new to the forum (there are a few new people in here), this thing is way up off the last area, 'up against it', and in no place to initiate new longs via the standard approach of the methodology. I'm only pointing this out because highly skilled 'scapers' might play such a shallow dip on a Sunday open, if they thought the big boys would gun for the all-time highs in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
It looks like nothing but chaotic chop, but in my opinion, it's not. I think they have programs they set to run that just do these manipulation patterns, because they know the reactions they will create, and they just run and take all the suckers money, time after time. It's not just the dips they create, it's how they look when they happen, how fast the move is, how it will affect sucker traders, where they happen, and so on. The way they happen right at key obvious lines, though, makes me wonder if they aren't human directed. If not, the programs are far, far 'smarter' than I would even think possible, they would have to be so 'smart' that it actual would scare me. The ability to differentiate which lines suckers would watch, and then adjust the program games around that, holy cow... Frightening.







