JI
jimkane
Rep: 3,058
Posts: 33,089
And there was that push, anyway, that I asked for. If they can't bring it in for a deeper correction we may see an upside 'breakout' ramp. Recall the higher timeframe area still awaits that was discussed before, in the 90's.
JI
jimkane
Rep: 3,058
Posts: 33,089
It sure would be sweet to see a rollover in here. Notice, again, this is an example where I may be long but prefer it roll over. I'm always thinking about what would be technically best for setting up future trades, not focusing on the one trade.
RA
rat89
Rep: 0
Posts: 7,015
sure looks like spx down, uso down, gdx up....but what an unlikely moment for that, eh?
JI
jimkane
Rep: 3,058
Posts: 33,089
So, 77 and 74 would be increasing correction sizes, if it followed that. Note these aren't taking into account any other work. Here at 78.75 is the same size correction we have had on the way up.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep.
Originally posted by rat89
sure looks like spx down, uso down, gdx up....but what an unlikely moment for that, eh?
JI
jimkane
Rep: 3,058
Posts: 33,089
Crude is super flat today as it sits just 7 cents below the new high for the move by my data, at the high of the little range there.
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's the terminology page, in case anyone needs it.
http://www.mypivots.com/board/topic/4214/-1/kt-terminology
http://www.mypivots.com/board/topic/4214/-1/kt-terminology
JI
jimkane
Rep: 3,058
Posts: 33,089
You're welcome. I hope you can follow at least some of it. I know it's tough at first.
Originally posted by JaLee
Thanks Jim. I'm glad it's the weekend so I can study this and review your previous comments. Have a nice weekend. No golfing...(it's not relaxing, just a good walk spoiled as they say!)