Bquat
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You are probably right but I redraw it as it develops lower highs as we go downIf we don’t know what the mid term will do, doesn’t that make it short term?
Scott Harrison
Senatobia, MS
Well this may not be enough. Now testing light support as resistance from below. It looks like today's dip buy is slowing down and I don't think we'll get back in the box: :notrust:There is more likely a 60/40 chance that Spidey's worst-case scenario can happen. Especially if the S Fund enters a recession. So, what we really need greater than a 2 % gain Monday to make this a false breakout of the Longterm Sideways Correction. Should we stay away for may: :worried:
Did the Plunge Protection Team try to negate the breakout confirmation. Did they read my comment? Looks like light support did hold as resistance end of day. The effort did put the coin back in the air: :blink:I think 60/40 today is a confirmation of a breakout of the sideways consolidation. :worried: Need the dip to be bought big time::nuts:
And still held end of day. How many got pulled in: :suspicious:So far today the bottom of the box held as resistance twice: :blink:
I'm surprised so I changed the channel back and took some of the Spidey stuff off:My redraw for May so far: :worried:
The only thing stopping Spidey's A/B (dash lines) prediction again is maybe a Plunge Protection Team buy in. It looks like that to me (see the black line) both times we get below 20% loss: :suspicious:Testing in the box technology already. Spidey is concerned with this complete rejection: :worried:
Plunge Protection Team will have to do a bigger buy to stop the breakout confirmation. Another lower gap fill. Will smart buyers continue to buy at these levels to try to turn this to cover their yesterday losses? I don't trust this but that's me: :notrust:The only thing stopping Spidey's A/B (dash lines) prediction again is maybe a Plunge Protection Team buy in. It looks like that to me (see the black line) both times we get below 20% loss: :suspicious: