ABCD to 1.1185?
JI
jimkane
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Recall higher timeframe the area is 20+-. So, it will probably save that for Sunday night/Monday, and only try for one of the two posted levels.
JI
jimkane
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Posts: 33,089
Honestly, it doesn't look like it will get off the floor, in fact it looks like it's just waiting to dump hard. I can't really tell just yet if that's a ruse, or if I'm looking on the wrong side of this. The latter is starting to seem more likely. Hmmmm.
JI
jimkane
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It's got to be a ruse. They want it to look extremely weak, like the mama bird faking the broken wing to draw the predator away from the nest. They want people to short it (and dump their longs) because they are planning to gun it up into the close. Just my two cents.
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jimkane
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There is a lot of stuff coming in at 7, so I'm revising the area to 7-9+ (the highest is just a fraction over 9.75). I hope it can get there, this is so labored. But the last hour is starting soon...
Originally posted by jimkane
My next levels are 9+- and 13-14. I haven't listed anything before there. If it really explodes I will list ones after those.
JI
jimkane
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Posts: 33,089
So, that was a particularly vicious shakeout? That sets it up for the run.
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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/
