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As for 86.04 -- not sure what's special about that level, but on my back-adjusted contract, using August as the basis, I see the first big downside roadblock to be 90. But first, we have to close with conviction below 95.85, which we did not do today. Granted, today was squarely bearish with very weak attempts up. But, as 95.85 (again, August basis) is major S/R at this point, today it was tested, and held, and we settled at 96.20. So, I would not be confident about shorts (long term that is) until we get back below the 95.85 level.
I like to build some sparkle and fun into my life and yes I do look to incorporate the magical and mystical. I grew up on legends of Robin Hood. Robin split the arrow in the center of the bulls eye, and I love aiming for the bulls eye.
Many in life aspire no higher that the dull grey concrete of averages and mediocrity. Such is not my path.
Some have a patio of grey concrete surrounded by uniformity of plastic astroturf and speak chaos theory, random walk and normalized distributions. If I had a patio it would be of natural stones sparkling in flowing patterns and bordered by wild flowers herbs and a stream. Within nature lies a beautiful harmony. The numbers may hold the music of the spheres as told by the ancients. Yes I look to add sparkle and magic to my life.
Is 86.04 magical?
I do not know but I aim to split the arrow in the bulls eye.
Gann speed lines are the speed or velocity of the price movement.
If a stock rises 1 pt for each 1 day that is a 1 X 1 speed.
If a stock rises 2 pt for each 1 day that is a 2 X 1 speed.
(well that is the way I think of it. Gann and NT …
Your post made me smile this morning when I read it... thanks and happy CL trading!