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    jimkane
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    I just checked in and saw there was no topic for the week yet, so here it is.
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    jimkane
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    It might just be the 'retest' of the low, then up.
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    jimkane
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    Yep.


    Originally posted by jimkane

    It might just be the 'retest' of the low, then up.
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    jimkane
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    Watch the bearish ABCD here for clues. Big time clues.
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    jimkane
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    Okay, now wait. It's reacting to the ABCD. Is it just chop in the low end of the range in here? Or something? I can't see any more downside today, but you never know, so I'm staying alert.
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    jimkane
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    That ABCD fulfilled it's objective, hitting the 1.272 ext ret. It's not swooooshing, but it can't get off the floor, either. I'm thinking perhaps 38 or so might be what it wants. I can't for the life of me, though, figure out why it isn't swooooshing, what is holding it up...
    RA
    rat89
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    come on....they stopped it right on the .447? To f-ing obvious, right?
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    jimkane
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    Okay, are they finally coming in? Or more fake pops and then down again?
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    rat89
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    And now, 1.618 of this intraday drop, the .618 of the drop last week, and the .886 of the ath to august low all line up in a 50¢ area up there. Park it somewhere indecisive today to keep everyone off balance, gap it up and trap it tomorrow and send it off a cliff. Now that is a setup....
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    jimkane
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    Well, every so often they have to do the obvious, I think, or no one will ever react and the suckers would win. I see this all the time with TL's. Granted, few know about or follow the .447, but I think the same still applies.


    Originally posted by rat89

    come on....they stopped it right on the .447? To f-ing obvious, right?

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    jimkane
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    I still think 38 or so is a magnet for it. Chop and hack and grind, and hit 38ish before the end of the session. That's my best guess. But, it has all the look it usually has when they come in, so I'm ready for them.
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    jimkane
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    Well, it did hit 89.25, so that's okay. I got the read into the area, and pretty much for the move up. The morning made the move right to the posted area, the move down was in nice waves that followed the principles. All-in-all a pretty good day for trading, in my opinion.


    Originally posted by jimkane

    I'd like at least 90, preferably 92-93.