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Key supports on the way down are at 18 and 6-7.
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MarcinO
Rep: 67
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My guess is that they want to test the previous low in the ES, so my most optimistic area is between 76 and 82.
Key supports on the way down are at 18 and 6-7.
Key supports on the way down are at 18 and 6-7.
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jimkane
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Hey, crew. Yeah, I'm just not adjusted, mentally, to multiple 20-40 points swings per day in smooth trends. Trading-wise, no problem, but mentally, wow, I just can't comprehend it.
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jimkane
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Now that's what I call a read. That's exactly (within a reasonable tolerance, in this case much less than a reasonable tolerance!) what happened. Very nice.
Originally posted by MarcinO
This monster at 63 looks interesting.
After that I would love to see one more move down to 23-26, which would mark 3D move.
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jimkane
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I'd love for the ES to roll off this backtest and 44.7 area here, but I'm not feeling it.
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MarcinO
Rep: 67
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Hi, Jim. Well, I love it.
Originally posted by jimkane
Hey, crew. Yeah, I'm just not adjusted, mentally, to multiple 20-40 points swings per day in smooth trends. Trading-wise, no problem, but mentally, wow, I just can't comprehend it.
JI
jimkane
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Posts: 33,089
Just sitting here watching it grind down a little, slowly, and getting ready for the pop, as that's how they like to do business in situations like this...
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jimkane
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Yes, me, too, I'm in heaven. But I find myself saying every single time 'I just can't believe the movement!'.
Originally posted by MarcinO
Hi, Jim. Well, I love it.
Originally posted by jimkane
Hey, crew. Yeah, I'm just not adjusted, mentally, to multiple 20-40 points swings per day in smooth trends. Trading-wise, no problem, but mentally, wow, I just can't comprehend it.
JI
jimkane
Rep: 3,058
Posts: 33,089
To quote Reminiscences of a Stock Operator: "It was as if they rang a bell."
Originally posted by jimkane
Any time now on the ES...
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jimkane
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Posts: 33,089
I was going to mention, but didn't because I don't want to get sucked into a blow by blow like this is a live chat room, that let's see if the ES can rollover on the 'retest'. And it did. But they so frequently use this as a trap. They set a nominal new low there, taking out the little swing point and forming an ABCD. This is where the rampers would generally blast it off, now that so many are trapped. I'd love it to go back down here and finish the week weak (hey, that's sounds cool), but I just think they won't allow it.