ABCD to 1.1185?
JI
jimkane
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Posts: 33,089
I guess going up over 60 points straight up wasn't enough for them. Now up 87.75 points by my data off the low, still essentially uncorrected, and still rising. At a major area here, and looking like it won't even show it the respect to come in a few ticks.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'll post my levels, but basically just 'up'. Up for a long, long time. This is acting 100% like new all-time highs are on the way, and they want them ASAFP. Despite many characteristics that are solely those of a bear market, I'm guessing it's not.
This area here, and it's a monster. Odds of it playing out? My guess, 500 trillion to one against it.
1994-98
2036-40, although it's a the big bearish ABCD area, so it could be wide.
2067-75 is something (even as high as 83ish), but it doesn't fit with my usual three areas I post technique. I'm just getting it out there. The 1.128 ABCD is at 73.91.
New all-time highs in the upper 2100's
Why, oh why, oh why, can't it just respect this area here? But, from my perspective, until something rattles the market, and that seems unlikely now that the Fed won't be raising rates any time in our lifetime it seems (they never were in my opinion, but they, once again, convinced the market they were, and that, one again, has been vaporized).
This area here, and it's a monster. Odds of it playing out? My guess, 500 trillion to one against it.
1994-98
2036-40, although it's a the big bearish ABCD area, so it could be wide.
2067-75 is something (even as high as 83ish), but it doesn't fit with my usual three areas I post technique. I'm just getting it out there. The 1.128 ABCD is at 73.91.
New all-time highs in the upper 2100's
Why, oh why, oh why, can't it just respect this area here? But, from my perspective, until something rattles the market, and that seems unlikely now that the Fed won't be raising rates any time in our lifetime it seems (they never were in my opinion, but they, once again, convinced the market they were, and that, one again, has been vaporized).
JI
jimkane
Rep: 3,058
Posts: 33,089
I may have gone around the bend. I'm singing to myself, out loud, 'Mama loves shortnin', shortnin', shortnin', Mama loves shortnin', shortnin' bread. Mama loves shortnin'...' Yep, I've lost it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Timing factor getting close for this moving out of this little range here.
JI
jimkane
Rep: 3,058
Posts: 33,089
And out it comes, to the upside, of course. A handful more points and it's up 100 off the low in barely more than one calendar trading day.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is some funny stuff.
http://blogs.reuters.com/breakingviews/2015/10/09/the-devils-dictionary-of-post-crisis-finance/
http://blogs.reuters.com/breakingviews/2015/10/09/the-devils-dictionary-of-post-crisis-finance/

