Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

I think that was worth a small long position there.

Understand, I still think chop here is more likely than up, or even continued pressure, but 3D into a stop run new LOD, that is enough for a short in my opinion, so a dabble to see if they 'cover' (something that doesn't really happen the same way in the machine age) is not unreasonable. But fighting that move, only a dabble if one wants. I'm just doing trader talk out loud, and saying after covering, if one wanted to dabble, I don't think it's totally insane (just a little insane).

What would be truly insane is if they run this all the way back up before the close.

Watch the 1-min bearish ABCD here.

can they park it right on the break down area into the close?

Pop it, baby.

Interesting idea.

Originally posted by rat89

can they park it right on the break down area into the close?

I've fallen, and I can't get up!

Chop into the close, maybe a nominal new LOD seems most likely. But who knows.

If it dumps, which is looking more likely, I'm looking at 86 area.

The linearity of that 200ma is just crazy stoo-pid, isn't it?