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.

quote:

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Originally posted by mreiserer

look at that Euro sell off

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Notice the decoupling. EUR down, market up? Very curious, huh? BTW, the EUR is coming off my bigger area that was opposite the smaller 4-Point CP.

quote:

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Originally posted by mreiserer

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

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I have the GLOBEX high at 844.25. I wanted to be conservative in my estimate around 842. Pretty good 'call', I'd say. Students who have worked with me should know how I did that. If any of you that do one-on-one with me don't know, ask me the next time we do work.

It's interesting that the RTH HOD is one tick below the all-time GLOBEX high of the new bull.

For now...

Everyone discouraged? Gone for the holiday?

Notice the choppy ABCD that sent this up was an .886 gap? And this roll here, an .886.

Everyone? Who else is here?

Yeah, I guess you're right... I was just dreaming we had some people.

dream on, dream on...

Anyone get that .886 gap ABCD setup and gave it room and rode it until close? I hope so...

I know: dream on, dream on...

TF going out incredibly strong.