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JI
jimkane
Rep: 3,058
Posts: 33,089
I'll just toss a crazy idea out there for Thursday. I'm guessing the GLOBEX high will be right around that RTH high so far for the 'bull', around 842 or so. Keep in mind, the ES is trading 826 and change right now. Maybe this doesn't happen, maybe we go down overnight, who knows, but it's all about GLOBEX right now. Heck, I'm even thinking I may just stay up nights and give up the day session. I'm hearing other traders saying that, too. Maybe with the holidays we won't see the move I just mentioned, but if they come for it, I think they'll shoot for at least there. This is less based on my chart technicals than it is based on the way they wanted it into the close, and after the close, and the GLOBEX action as of late. We'll see. Long with a trailing stop off that little 5-min ABCD doesn't sound so bad right now, though.
MR
mreiserer
Rep: 110
Posts: 2,220
and another one?


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JI
jimkane
Rep: 3,058
Posts: 33,089
And now a smaller one as a reaction to that one. Normally I'd say it needs to move off this or it could get dumped, but GLOBEX is its own animal, and can swing much more wildly.
MR
mreiserer
Rep: 110
Posts: 2,220
and the launch
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep, it did move off it, just like it needed to. I'm really liking the GLOBEX action, I have to tell you. Now, if I can just figure out how to stay awake 23.25 hours a day, I'll be fine. Now only about 12 points from my high area...
JI
jimkane
Rep: 3,058
Posts: 33,089
832. Now only 10 points away. That long off the 24 area sure looks great now.
MR
mreiserer
Rep: 110
Posts: 2,220
Gotta move to Europe Jim.
You can have it all there and you can still sleep at night.
MR
mreiserer
Rep: 110
Posts: 2,220
You called it right and this is just all around great news. this thing is gonna rocket up.
Trade balance only at -26B, unemployment claims lower than expected
MR
mreiserer
Rep: 110
Posts: 2,220
this is ridiculous
MR
mreiserer
Rep: 110
Posts: 2,220
qcharts down
MR
mreiserer
Rep: 110
Posts: 2,220
look at that Euro sell off
JI
jimkane
Rep: 3,058
Posts: 33,089
TF going out incredibly strong.