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 |