MyPivots
Sign In
MA
MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
My GPRO is still doing nicely. Talk about tulip mania...
MA
MarcinO
Rep: 67
Posts: 5,506
And 79.50 is really strong resistance.
JI
jimkane
Rep: 3,058
Posts: 33,089
I was going to post that, Marcin. Notice how they brought it down in the overnight to take out the low? Where's the next big high to take out? 79.25... Now that 79.50 has a lot more significance, even with the market closing now. But the price flow is strong in here...
JI
jimkane
Rep: 3,058
Posts: 33,089
GPRO had a 4PCP back in early August. I was watching 81-84 area, and it blew that out like it wasn't even there. This one will have to pop from its own weight, I think, and who knows where that might be. 400? 500? 1000? (Okay, if I don't add this in, many will not understand my point here. Those huge numbers are not numbers I think will necessarily happen, I am talking like an analysts/investor there to point out the insanity of the usual game. This one is hot, and they'll be talking about what it should be trading at, and the numbers will be huge. And when those are met, higher numbers will be forthcoming. And when those are met... Been there, done that in the late 90's. I'm not saying it won't hit those numbers, only that it would take a mania, something that does happen, and it's all a game. Like BABA being valued more than Walmart.) I have some additional things at 105-114, but it gets hard with an IPO that is just smokin' to new all-time highs almost daily to find 'resistance'.
JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD today, nominal new high, pulls back in a bit, and now heading up nicely. European open now, so we'll see. Tuesday is set up for a nice move, just from the standpoint of movement, not direction. What I mean is, Monday was the typical (lately) indecisive range day, so Tuesday is now set up to move. I'll be watching to see if there's any more upside off this ABCD first.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, on the 15-min, I think silver is about to do something...
JI
jimkane
Rep: 3,058
Posts: 33,089
Just woke up and doing a quick check on the ES. Looking very good. Ready to take out that level Marcin and I were discussing. Then we'll see. I may get up to a nice move up. Nonetheless, the level we mentioned is some serious stuff, so it's not off the table it could roll off it. That's the fun of this, it's a different outcome each time, all we can do is choose our shots and manage accordingly.
RA
rat89
Rep: 0
Posts: 7,015
where the .50 meets the .886 of the two swings off the low:


Click image for original size
screen shot 2014 09 30 at 9 54 10 am png
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2014 09 30 at 10 06 42 am png
RA
rat89
Rep: 0
Posts: 7,015
once again, abcd to the kz and bam! ;)

Click image for original size
screen shot 2014 09 30 at 11 49 51 am png

Click image for original size
screen shot 2014 09 30 at 12 39 17 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
The generals are leading, and the troops aren't following. This, usually, is a very bad thing.

http://www.zerohedge.com/news/2014-10-03/market-breadth-has-collapsed-around-world