Starting it off.

Great question. I did a post above this that addresses this a bit. It has hit the low end of the breakdown area, so it may be done here. Watch right here to see if they pick it up because this is where they might do that. I really have no idea what they may do. This is the case many times. This is a very difficult area to play from, so it's not clear. Not impossible, just more challenging. My view up until now is that higher skilled long, some off, some riding. Many times I don't know, and this is a tough spot.

Originally posted by JaLee

Are you still looking at 56-57 area for possible end of bounce?

Originally posted by jimkane

Now, for a countertrend 'scalp' I'd be looking to wrap this up.

I am surely aware that the sellers could reassert here.

So, if it keeps moving up, I am watching 59.00-60.50, and then just under 67 things start to come in, and it layers until just over 70. But I want to mention again, these are posted as if's because I am hoping the sellers reassert and it can be jumped on it. I am not clear in here. That happens a lot. I like to look for plays when I have clarity. So, for now, it's still a ride the long scenario.

Okay, I think I can see what you may be looking at...

Originally posted by jimkane

So, if it keeps moving up, I am watching 59.00-60.50, and then just under 67 things start to come in, and it layers until just over 70. But I want to mention again, these are posted as if's because I am hoping the sellers reassert and it can be jumped on it. I am not clear in here. That happens a lot. I like to look for plays when I have clarity. So, for now, it's still a ride the long scenario.

Just waiting to see if the sellers reassert or not. This is a spot. If it came in a bit here and did one more push, it would have to decide, break to the upside, or done, in my experience.

It's not obvious, that's why I am unclear. Remember, the most important thing is to not try to understand what is happening every second (although I do try...), but to look for clarity and an edge, and then act. This is a crucial point.

Originally posted by JaLee

Okay, I think I can see what you may be looking at...

Originally posted by jimkane

So, if it keeps moving up, I am watching 59.00-60.50, and then just under 67 things start to come in, and it layers until just over 70. But I want to mention again, these are posted as if's because I am hoping the sellers reassert and it can be jumped on it. I am not clear in here. That happens a lot. I like to look for plays when I have clarity. So, for now, it's still a ride the long scenario.

It's too early to tell, but I'm maybe 60/40 thinking it will 'clear' and break to the upside and seek that 67-70 area. It doesn't end the bear move necessarily, and would be a very healthy bounce. Still, I'd prefer they fail in here and give me my posted area today...

It's just so in the KZ right now...

I'm going way out on a limb here and doing a post that is not like I usually do. For my style, done with the long, on the short side. Watch this get stopped right out... Do not try this at home!

So far so good, but this may be that pullback I mentioned, now up for another push. At least it has moved enough so a close to scratch could likely be taken if need be. Watch here, as this is where they'd come back in. Clue time.

And here's the new topic. Everyone please go there and vote that up (if you think it is good). Also, I added a post to the above one thread, so make sure even if you voted before you go and vote up that one. I know there are more people reading this than four, so please, everyone, help me out. I need to make sure that they don't seem vulnerable to down voting and we get the positive vibes going. Thanks.

http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16