JI
jimkane
Rep: 3,058
Posts: 33,089
Spec-frickin'-tacular trading action today once that opening period shook itself out, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, and Armstrong says 33.60 is the critical month end number for crude. Close over that and expect an explosive rally. Is that the 11:30 AM Eastern time RTH futures close, or end of the month at midnight via the futures? And let's talk about that 11:30 AM RTH close. So, a few minutes before the close it was trading 33.22. An easy close below the key level, indicating serious upcoming bearishness. But, all of the sudden it explodes, and closes the RTH at 33.82. This is one of the reasons I tend to put some value into Armstrong's numbers. I have seen too many times how they seem to produce responses right near the critical close (weekly, monthly, whatever it is). So, if he thinks the RTH is the critical one, get ready for a big explosion in crude. A rally to knock your socks off. That's something I am not up for, especially because the ES will likely follow. And just when I was hoping the bear had a chance...
Originally posted by rat89
they really don't want us to know. Here's another question: how many times will bring this up to the 618 without pushing it through or knocking it down hard?
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
As posted last week. Cable made it to 1.3840.
1.3960 is next, but it will mark only the end of the first corrective impulse, I guess. Pound may need a larger correction than this.
1.3960 is next, but it will mark only the end of the first corrective impulse, I guess. Pound may need a larger correction than this.
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
I had a very busy office day, but at least I came back home early enough to see what is going on.
Originally posted by jimkane
Marcin is in this house!
JI
jimkane
Rep: 3,058
Posts: 33,089
That tiny little last push into the cash close was 11 points by my data!
RA
rat89
Rep: 0
Posts: 7,015
marcin kicked everybody out of the house
Originally posted by jimkane
What a finish into the cash close!
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, that was a great trading week in my opinion. It was a lot different posting during the RTH, that's for sure. I remember now, for the umpteenth time, why I don't do it, especially in the first two hours. I still can't stop myself from over-posting like I was running a live chat service. But, for now, I plan to try and do some more of it next week. Hopefully, I'll be able to temper it a little, but probably not.