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MarcinO
Rep: 67
Posts: 5,506
I will start it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
It did like your second area. And now it's back to just around your first area. And the time factor says decide now, up off it, or not. And meanwhile it's in the 'last two hours of chop' mode.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the pop was up, as 100% expected, but now let's see if it's a sweep, and then down, at least back into the range, or not.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looks like straight up coming, so what does that mean?
RA
rat89
Rep: 0
Posts: 7,015
c'mon fellas, let's notch a new hod into the close...... ;)
MA
MarcinO
Rep: 67
Posts: 5,506
I would say it reversed 2-3 points shy off the top (43) zone.

Originally posted by jimkane

It did like your second area. And now it's back to just around your first area. And the time factor says decide now, up off it, or not. And meanwhile it's in the 'last two hours of chop' mode.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, Marcin, I didn't want to dredge up old memories for you...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, now see how I said "Looks like straight up coming, so what does that mean?" and it then drops down? That's the point of that type of observation, to point out how I can see the way they are making it look, and they do this right before they go the other way, in a situation like this. Now they have swept the TL to the downside, so time to snap up? After all, it's in the last 1-2 hour chop game.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm hoping they actually sell it some more.
MA
MarcinO
Rep: 67
Posts: 5,506


Originally posted by jimkane

Yes, Marcin, I didn't want to dredge up old memories for you...

JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, there's a backtest area around 34.00-.50, but will it turn down form there? Right now, I'm thinking not. But, we'll see. Mostly calling out my reads in the last 1-2 hours lately is just for fun, with chop action and all.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's a good overview of the same old, same old, as I've been saying all along. When TSHTF it is really going to be something.

http://market-ticker.org/akcs-www?post=229300