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Response to replys to chart posts belo
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blu
Posted 10/6/2014 16:57 (#4112504)
Subject: Response to replys to chart posts belo




Response to replys to the chart posts belo - didn't forget ya -

those posts are a long way down by now.


Appreciate the comments guys - sorry - been out of it over the weekend

 

Vailcat - when I mentioned Px with 1st number , I was thinking 899 to 890,
like a spike Reversal cleaning out stops. Instead We are getting our "bounce" now.

Reading back on the forum -- It was  discussed over the weekend about Fri being a reversal bar downside.
Being it was on lower Vol  - it appeared to lack conviction..
This was confirmed when Px took out Fri Hi today.
Now - after Today's action, it is much easier to see that Px action over last 2 weeks was
trying to paint  a low.

Take a lookat the weekly chart posted Sat. - different pict then the daily
As I mentioned the "subtle signs " the Px action paints.

If the Bean Mkt is any good at all - I think We should see a reasonable attempt to challenge the 956 gap area.it don't look that far away now.  Filling the gap would be a good sign - failing ti fill is negative

btw, I dont recognize this as a long term low - but rather just a reaction in a Bear mkt.
jmho

Thanks


-----


gbryce   >>> What is your thought on timing there? <<<

To me - Timing is even more difficult - at least for me.
 It could  be 3 days or 3 weeks  - with the 3 being substituted with any number - but 3 is sometimes magicial


The action around the gap - if we get there - and then the retest of the 900 area will be important
We should find out the real cause fundamentally  for this action -  be it weather - the Dollar  or something else
I expect Prices belo 900 whether it be in 2014 or in 2015

Thanks

------------

JSc - --  I thought you were  the " Bob Sacramento".
               Now you admit  you are "the pool boy."

Wow - I should  have known that from reading the chart
Serenity Now!

ha

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