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
Same old, same old. Big push up, goes to chop in the last hour or two. Still waiting to see if it breaks to the upside, Otherwise: Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
Rep: 3,058
Posts: 33,089
And yes, on a 1-min, structurally, it looks organized, not chop. But you can also draw the horizontal lines and see it is going nowhere. Chop or going nowhere but still organized, it's just a matter of how messy the sideways action is...
JI
jimkane
Rep: 3,058
Posts: 33,089
Crude's up about 6 in a few days. So much for hoping the drop would lead to lower pump prices.
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.


