Thanks. But just another lucky day for me. You, on the other hand, really nailed it with your 5100 call. Way to go.
Hmph. I'm on the fence, that's why I asked. If what you think is right, then I'd expect at least one sharp down-spike, before it heads up. At least one. So in other words, adding to your thoughts, range-chop, range-chop, --->big spike up. You're probably right. That said, I'm still a little leery. We're at the precipice of a level, based on the last few weeks, and this week's volumes...that the ultra-whales are ready to rake the table. Again, that's why I asked. There's no right or wrong answer atm. But the ultra whales... if they're good at anything, it's raking the table when there's enough chips laid down. We're at that point. For February at least.
Or.... that big rake could have occurred yesterday. Which lends power to your opinion. Hmmm. Or... was it a baby rake? The biggest one day drop in a year, or whatever it was, followed by a bounce....? We could be setting up for a gallows trap door opening. Either way... keep the bets small for now. jmho
Well, for me, the chart says otherwise. As you can see, we bounced off the lower trendline yesterday. By Friday, we should hit the upper dotted line, which MOST PROBABALY will coincide with 5100 (actually, I'm pretty damn sure it will be).
I agree. We're almost there. They're gonna turn the table upside down...BUT only when everyone least expect it (ie. blinded by euphoria). That's what happened back in 2000 and 2007. So just sit back and enjoy the show.