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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
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jimkane
Rep: 3,058
Posts: 33,089
So, I'm thinking that 71.25 will likely be the LOD.
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jimkane
Rep: 3,058
Posts: 33,089
Here's the crazy part. I get focused on the 1-min chart (in the 'context' of all my higher timeframe charts, of course), and I watch the movement, the swings, and so on, and it's doing all these things I expect, so all is well. Then I look at the scale and see this rocket launch and 'monster move' here is like 4 points. Just over four weeks ago it would have been over 10, and even likely over 20. Just nuts to 'sweat' this much over a few points. This volatility contraction bites.
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jimkane
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Posts: 33,089
Watch here in case this is just more game playing.
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jimkane
Rep: 3,058
Posts: 33,089
GDX has a monster spot here at 21.94 on the way, rat. It's a real clue spot for me.
RA
rat89
Rep: 0
Posts: 7,015
right in the kz on spx here. Uso looks as though it could bounce or dump to 9.70 - 9.50 area. Gdx looks like the end of a w4 yesterday, with w5 = w1 at 22.88
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jimkane
Rep: 3,058
Posts: 33,089
Watch the ES here...
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jimkane
Rep: 3,058
Posts: 33,089
Watch 74 area as the pick up spot, if they come back in. I'm not sure they can.
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jimkane
Rep: 3,058
Posts: 33,089
No matter how you look at this, though, it's been a 5.75 point range by my data so far today. That sucks from any viewpoint I could have...
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jimkane
Rep: 3,058
Posts: 33,089
And pretty much all major business colleges still teach that the market is random...


Originally posted by JaLee

Right to the tick : )
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jimkane
Rep: 3,058
Posts: 33,089
And speaking of those colleges, I guess I must be about a 10 sigma guesser, then? 20 sigma?
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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!)