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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
All right ES, you've had your fun jerking around, let's get moving on the upside now.
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jimkane
Rep: 3,058
Posts: 33,089
This might take off at some point later, with the Friday into the close upside bias, but it may just chop endlessly. It may even sell. Am I saying I have little idea what it intends? Right now, absolutely. When I am clueless, I stand aside until I see something I recognize. In the meantime, this is still a long side bias play off the LOD. But as for additional in and out shorter-term legs, I am not seeing any setups at all so far.
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jimkane
Rep: 3,058
Posts: 33,089
I'd like to see the ES make its move here. Watch the overhead TL, the set line coming right up in here, and the HOD swing-point to see if it's just games, or if it's going to really move.
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jimkane
Rep: 3,058
Posts: 33,089
If it gets going I'm first looking around 82-84.
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jimkane
Rep: 3,058
Posts: 33,089
Watch the overhead TL.
JI
jimkane
Rep: 3,058
Posts: 33,089
Total respect and fear of the TL on first approach.
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jimkane
Rep: 3,058
Posts: 33,089
Now watch the game unfold.
RA
rat89
Rep: 0
Posts: 7,015
Ha! As is tuition


Originally posted by jimkane

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
This reminds me of the summer doldrums in the old days before the machines. Wow, does this price action suck.
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jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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!)