Someone needs to ring a bell to start you guys posting...

Okay, they got the stops. Now, right back up to get the stops they didn't hit before, for a 'triple stop sweep', or does the 4PT play out? And we have Meredith Whitney on TV not talking real bullish on banks.

Wait, I just realized what I said there, someone who isn't talking super-duper big-time bullish? It can't be. Maybe that's a sign we are going way up for months now, because we have someone who isn't 1,000% bullish. But I sure like the immediate effect here :-)

Boy, she is telling some truths about the leaks and such. I really like her. I hate that they give superstar status to anyone who makes one big call right, but she does say a lot I agree with. And she's the only one, it seems. Can't believe they let her talk...

More stops hit. Now only the LOD left. That should bring it to the 900ish, if they can get that with any momentum. We'll see, there are so many buyers always lurking lately...

903-4 is my next area, or maybe a bit less. It should be moving more, though, if it has any chance, so it needs to get going.

I'm not mad. It's trading.

What you want to see here is this potential W2 .886 (almost flat) ABCD at the .886 ret here doesn't get any traction to the upside. That needs to fail, and fail soon, if the 4PT is to continue to play out.

quote:

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Originally posted by mreiserer

I'm not mad. It's trading.

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You followed your plan and that is the most important thing. I saw it the same as you did, but I saw a reentry shot at that LH pullback, with some nice tick chart action and trigger at say 15:18. It not only had my usual tick trigger, it was also a Trader Vic '2B' entry there.

It's gaining traction here... It should run out of gas soon if that 4PT still holds sway. This may set the GLOBEX tone, what happens here.

Sorry for messing up these nice posts Jim and Michael, with some charts.

Thanks.