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Duane
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Posts: 1,095
Since Jim is likely to have trouble typing after having landscaped cement all weekend, I will get things started.
JI
jimkane
Rep: 3,058
Posts: 33,089
I thought it had a little more, but one way of viewing it says 'now'.
JI
jimkane
Rep: 3,058
Posts: 33,089
The question is, sweep up, trap them, then down, or just up, period. This will be interesting. I'd have thought they'd sweep them down, then take it up. We'll see.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, the breakout is to the upside. I think we'll just see upside, no traps, but I still give it a 0.1% chance they'll bring it down now.
JI
jimkane
Rep: 3,058
Posts: 33,089
I guess this one will just be a ride until... well... infinity, I guess.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I would say a trailing stop would be called for, time for bed, see you all at 2012, probably before the market opens. Maybe they bring it in for better prices, but I'm not sure this time, it might just be a straight shot. We have to see where it is in the early pre-market. For now, it looks pretty straightforward: 'up'.
JI
jimkane
Rep: 3,058
Posts: 33,089
I thought I was done, but I'm just going to wait around for 2012, it shouldn't be long, a few more minutes maybe.
JI
jimkane
Rep: 3,058
Posts: 33,089
Could that be just a stop run? Possibly. But I suspect it will be at 2012 soon. Yeah, maybe they just wanted that high, now they can bring it in for better prices, then hit 2012 tomorrow, that makes sense, but I think they are in frenzy mode, so I think it will more likely go straight there. Great for this last play, not as good for the next few setups.
