Starting it off.

About 70 is the lowest it can go or the risk goes up quite a bit for selling.

68.50 is the big swing-low to the left. Under that is just nothing but air until perhaps the 30's.

And you know they know that.

I'd like to say this is shaping up to be a big KIG, but 'they' know full well what happens under 68.50.

So, who has the stones to buy it right here, right now?

Of course the selling pressure is from the AAPL news.

Was that the shakeout retest? Or do we have a bearish ABCD now? With that in mind it gets more clear what price action movements to watch for.

You know where I stand, odds-wise.

rofl

Originally posted by jimkane

It's a long-standing joke. When I was writing the website commentary years back I would constantly try to teach a lesson saying that when the market is like this I'm going golfing. I made many references to golf, as living in Tucson, golf was hugely popular. I would also comment on how I was going to take some time off from the market, play golf, do anything but watch the screens. Again, it was symbolic. Then my longest running student at the time, he was coming down from Scottsdale (outside of Phoenix) to do our work. This was before the days of remote work. Finally, he said he wanted me to come up there and work for a change. See his setup, and so on. But he had one caveat. We were going to play golf (on a very expensive, pristine course the 'rich folk' like him played on up there). It took a lot of stepping and fetching to talk my way out of that one. So, other than having played par 3 like twice, I don't play golf. It's a metaphor, I guess, for any relaxing thing I might go and do.

Originally posted by rat89

You play golf?

Originally posted by jimkane

How many times on a Friday have I said that's it, I'm going to play golf, I'm done, but didn't because it tends to make a move into the Friday close? Well, I want to break out the clubs right now sooooo bad. I guess that means a run into the close is almost assured...

Last hour on a Friday in the manipulated 'bull' market. Give it to me, baby.

Originally posted by jimkane

You know where I stand, odds-wise.

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!)