MA
MarcinO
Rep: 67
Posts: 5,506
This time it wasn't me.
Originally posted by rat89
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
Somebody got kicked, that's for sure!
Originally posted by rat89
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
According to that close in crude, RTH or end of day, Armstrong says we are now about to experience a crude rally that will shock the world. I can't tell you how much I think that would suck, even with all that potential to make huge money. Unless it decouples, the ES would likely hit new all-time highs, and then some. I know, I'm repeating myself... I just wanted to post that the all-day close was also above the critical threshold.
JI
jimkane
Rep: 3,058
Posts: 33,089
That was some shakeout there in the ES. It popped off the big bullish ABCD, shook 'em like a bucking bronco there, and is now smokin'. I am guessing it has a mind to get to around 1990 ASAFP. I hope not, I hope it tries and fails and they show this to be a bearish 'W3', but I am watching what I know they want, and want bad. I am also aware that just because they want it doesn't make it so.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, no claims at all, but as a separate very short-term trade, that last dip, I saw the trigger, and bang, up just about 10 points in a few minutes, and it looks ready to burst some more. And all this after a monster pop right off the ABCD and shake spot I mentioned last night. I don't know, it's 'Too easy' (it's on the KT terminology page).
JI
jimkane
Rep: 3,058
Posts: 33,089
The previous key high, the C point of the ABCD, is nearby, and a very key line. This is the key decision point for the move up. This is where it 'should' fail if the bears are going to reassert and this is just a bull rally. I think, odds-wise, it will not hold and we are going to keep smoking. We'll see, though.
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.