Starting it off.

Lots of ABCD's today. One after another. Here we are again...

Right at the 60-min TL right into the cash close. They do love their drama, don't they?

Notice, too, how it's just through the TL going back to Feb.

the market is doing a better job than usual if it can throw you off even for a minute!

Originally posted by jimkane

Woo-hoo. Worst. Read. Ever.

Originally posted by jimkane

I think the bias for the remainder of the session is up, with wild, chopping swings. If it gets a bid, though, it may trend, but I think the odds of that are very low.

I wish I made such bad reads as 'often' as you do.

Originally posted by jimkane

Woo-hoo. Worst. Read. Ever.

Originally posted by jimkane

I think the bias for the remainder of the session is up, with wild, chopping swings. If it gets a bid, though, it may trend, but I think the odds of that are very low.

I'd like to give it credit, but I think it's all on me. My mind is elsewhere, and it shows. I know this is kind of cocky and arrogant, but this thing just isn't good enough to fool me more often than once in a blue moon, in my I guess not so humble opinion. When I can't see this kind of stuff coming, it's surely me...

Originally posted by rat89

the market is doing a better job than usual if it can throw you off even for a minute!

Originally posted by jimkane

Woo-hoo. Worst. Read. Ever.

Originally posted by jimkane

I think the bias for the remainder of the session is up, with wild, chopping swings. If it gets a bid, though, it may trend, but I think the odds of that are very low.

here's what I saw: key test the other day followed by two gap opens and retests in a row (friday and today). Today, gap open and run up right into the .886 at the upper tl. It's like a girl who is about to break it off running up to you at the train station and giving you a big good bye kiss before jumping onto the train. The typical trader has their head swimming with visions of new romance; meanwhile the train is pulling out of the station. The power of the retest and reversal is awesome.

That's a great analogy, rat. I am hoping against hope that your assessment is correct. Not because I don't know how to trade this if it isn't, only because I am so frickin' tired of this thing going up and listening to clueless 'bulls' jabber incessantly about things they know nothing about. I just want to be on a side I enjoy for a change. To be able to have the possibility to take a trade where I don't have to hold my nose when I do it, as roofer used to say.

Originally posted by rat89

here's what I saw: key test the other day followed by two gap opens and retests in a row (friday and today). Today, gap open and run up right into the .886 at the upper tl. It's like a girl who is about to break it off running up to you at the train station and giving you a big good bye kiss before jumping onto the train. The typical trader has their head swimming with visions of new romance; meanwhile the train is pulling out of the station. The power of the retest and reversal is awesome.

True enough. the blogosphere is filled with jabber about the trend is the trend until it isn't, and the pretty bull flag on the indexes. Ha, I say.

Originally posted by jimkane

That's a great analogy, rat. I am hoping against hope that your assessment is correct. Not because I don't know how to trade this if it isn't, only because I am so frickin' tired of this thing going up and listening to clueless 'bulls' jabber incessantly about things they know nothing about. I just want to be on a side I enjoy for a change. To be able to have the possibility to take a trade where I don't have to hold my nose when I do it, as roofer used to say.

Originally posted by rat89

here's what I saw: key test the other day followed by two gap opens and retests in a row (friday and today). Today, gap open and run up right into the .886 at the upper tl. It's like a girl who is about to break it off running up to you at the train station and giving you a big good bye kiss before jumping onto the train. The typical trader has their head swimming with visions of new romance; meanwhile the train is pulling out of the station. The power of the retest and reversal is awesome.

1.4360 to 1.44.

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!)