JI
jimkane
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Watch the ABCD it has formed here. It looks doomed. That's why I am watching the ABCD closely.
JI
jimkane
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Posts: 33,089
Watching 72.25-.50 next. They are trying to make it look super-weak. We know that game.
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jimkane
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Posts: 33,089
There's a good chance that's it. But if this doesn't sustain then I will doubt there are net buyers around, and they are just playing with it, and the stops.
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jimkane
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Posts: 33,089
One thing I can say, the timing factor for the higher timeframe says it's about time to end this downsloping range this has been in. Now, the plus or minus time (the margin of error) on that looks big on the 1-min, for example, so it's not of any use right here. I'm just saying on the 60-min this will be making a move one way or the other soon, I suspect.
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jimkane
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Posts: 33,089
Yep, just endless pop and chop.
Originally posted by jimkane
Looks ready to get going. But maybe it's just more pop and chop.
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jimkane
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Posts: 33,089
Let me recap this suckhole day so far. The first hour was pretty good. Then about an hour and a half of chop waiting for the long setup off 70-71 area to do anything. Then a big pop, then two more hours of chop. I was dead wrong thinking we had a chance to go back to the way it was pre-Mar 14. Not yet, it appears.
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JI
jimkane
Rep: 3,058
Posts: 33,089
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
http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16
