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jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off. No one else did, which is s surprise. I hope everyone is okay. Maybe 'cause it's Easter?

I think I am going to take tomorrow off posting to try to break myself of the habit of posting non-stop. See you all Tuesday, if I make it?
RA
rat89
Rep: 0
Posts: 7,015
Fascinating spot here where:
209.74 – 179.46 = .886 at 206.29
209.33 – 180.09 = .886 at 206.00
193.58 – 180.16 = 2.00 at 207.00
205.23 – 201.74 = 1.46 at 206.84

Click image for original size
screen shot 2016 03 30 at 10 49 04 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
I can just feel it building. It's a slow process, it takes years and years, and in reality decades and decades. But the time is getting closer. And the crazy part is as the world literally burns the stock market here will likely more than double...

https://www.armstrongeconomics.com/world-news/fed-admits-it-is-the-worlds-central-bank-not-just-the-usa-central-bank/
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jimkane
Rep: 3,058
Posts: 33,089
Yes, it is. And it needs a checkback like crazy. And it's retesting the spot over and over here. And I have great checkback areas that just stand out. And my gut says 'upside breakout'. They have shifted 100% in sentiment, the Fed has our back, and it's 'risk on'. And I'm just not seeing them thinking there is any need to bring it back in at all, just keep buying. The thing that concerns me the most is it looks like a dump ready to happen, like a bad accident ready to occur any second. That has me thinking 'upside blast off'...


Originally posted by rat89

Fascinating spot here where:
209.74 – 179.46 = .886 at 206.29
209.33 – 180.09 = .886 at 206.00
193.58 – 180.16 = 2.00 at 207.00
205.23 – 201.74 = 1.46 at 206.84

Click image for original size
screen shot 2016 03 30 at 10 49 04 am png

JI
jimkane
Rep: 3,058
Posts: 33,089
Here's the next leg. The play is to just hold on to the long off yesterday's LOD. Buy every dip and sell when it slows for additional overlaid very short-term trades. No claims, but it's a money machine, a real ATM, in my opinion. Too bad it only happens here and there. But like 10x what it used to (or should) without mad money printers. Great for traders, though. Just not so good for society.
MA
MarcinO
Rep: 67
Posts: 5,506
1.4408 is a perfect reversal spot for the Pound.
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jimkane
Rep: 3,058
Posts: 33,089
It is just sooooooooooooo deep into the area in here. It seems to defy the laws of physics that it can hold up without any corrections along the way. Gravity should do something here, shouldn't it?
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jimkane
Rep: 3,058
Posts: 33,089
It's hard to grasp that the range on the day is only 8.50 points so far.
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jimkane
Rep: 3,058
Posts: 33,089
I want to believe. I truly do. I was even inclined to be positioned. But I still can't see it. I see them coming in every time it weakens even slightly. So, it's off to a great start, again, here. Now watch them come in...
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jimkane
Rep: 3,058
Posts: 33,089
I'm trying not to get too excited. The LOD is close, and that may produce a stoo-pid, violent buying reaction.
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jimkane
Rep: 3,058
Posts: 33,089
I can't see any more than a small sweep at best. But my areas are posted, in case.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW my bias is up until the close, but this area in here and just above is tough. Once that is cleared, if it is, it should be free to run into the Friday closing upward bias ramp nonsense.