When prices action grows in size it is always good to pullback and take a look at the higher timeframes. The weekend is a good time for such leisurely activity. Shall we go for a ride in Raul’s magical mystery balloon?
I don’t find time to get up here enough anymore, what with the voracious ground battles occurring at important territories. Up here you see just how far we’ve come as a race, the bulls, in such short order.
Look at this chart:
Have you noticed those silly price levels drawn across the latitudes? Those territories mean the world to me. Claiming them took brawn and persistence. It paid well. Alas, here we are again at gridlock with the enemy, defending what we worked so hard to claim.
Will you soften your ranks? Will you retreat? Here’s the back story on this zone, dating back to July, just in case you’re in the mood to spend a few hour of your weekend reading my loosely penned bloggery. I present them in chronological order:
http://ibankcoin.com/raul3/2014/07/02/the-14-year-gap/
http://ibankcoin.com/raul3/2014/07/07/wrap-your-mind-around-the-nasdaq-auction/
http://ibankcoin.com/raul3/2014/07/21/nasdaq-round-up-heading-into-the-week/
http://ibankcoin.com/raul3/2014/08/22/half-gap-complete/
http://ibankcoin.com/raul3/2014/08/25/gapping-into-the-week/
http://ibankcoin.com/raul3/2014/08/27/gap-fill-complete/
http://ibankcoin.com/raul3/2014/09/03/bend-the-rules/
http://ibankcoin.com/raul3/2014/09/08/starting-the-week-in-balance/
http://ibankcoin.com/raul3/2014/09/12/the-curious-conditions-of-balance/
http://ibankcoin.com/raul3/2014/10/27/big-picture-context-update-for-a-busy-week/
http://ibankcoin.com/raul3/2014/11/10/fresh-nasdaq-levels-and-analysis/
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