JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, all this fluctuating up here, it sometimes does this when it's going to dump a bit.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yawn. Just ride. Buy and sell every dip very short-term for additional plays. It's totally robotic.
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's look at a little something here. After the morning move it did a nice checkback. Since then it has done four legs up off that. Let's look at those legs.
Leg #1- 4.50 points, 37 minutes
Leg #2- 3.75 points, 31 minutes
Leg #3- 4.50 points, 33 minutes
Leg #4- 4.50 points, 33 minutes
See anything consistent? Yes, this is what random looks like. Or, this is what regular, balanced market supply and demand looks like. Not! This is what machine manipulation looks like. At least that's my take. But wow, holy-frickin'-cow is it good for trading.
Note- time were calculated as the 'longest duration' i.e. there are many 1-min bars at the same price levels, so I went from the first one on the low to the last one on the high, just to be consistent on all the measurements. Of course, this is all 'by my data'.
Leg #1- 4.50 points, 37 minutes
Leg #2- 3.75 points, 31 minutes
Leg #3- 4.50 points, 33 minutes
Leg #4- 4.50 points, 33 minutes
See anything consistent? Yes, this is what random looks like. Or, this is what regular, balanced market supply and demand looks like. Not! This is what machine manipulation looks like. At least that's my take. But wow, holy-frickin'-cow is it good for trading.
Note- time were calculated as the 'longest duration' i.e. there are many 1-min bars at the same price levels, so I went from the first one on the low to the last one on the high, just to be consistent on all the measurements. Of course, this is all 'by my data'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Three ticks from 40 points up off yesterday's low. That next area, though, would be 60 points off the low, and it may want to get there with no substantial checkbacks. But, I'm watching closely here anyway.
JI
jimkane
Rep: 3,058
Posts: 33,089
Is that it? That's all the dyin' for today? Whoop-de-do. Give it to me, baby. Yeah, right, betting against a 40 point straight up move, that's the ticket.
