ok trailing this now

Whatever is going to happen in the long run they're not going to give this up without a fight.
We need to see some really unforeseen bad news for the short side to take over. That's just my opinion

quote:

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Originally posted by mreiserer

ok trailing this now

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Careful right here...

I know. It's hard to stay on one side when you want to be on the other, but you have to pick your battles.
I just don't see a fantastic correction for a short setup. I looks a lot like Wave 3.

notice how it bounced right off the ML of the set from the last swing down adjusted at current high

Yep, it 'saw' the area, but is now rushing up on the treasury auction (2.9 bid to cover). They are still able to borrow money, so we can go up now. Everything is great, the game can go on.

In this market, the idea is to just keep looking for places to get long, and ride as long as possible. It's like an ATM, in my opinion. Until that changes, we as traders should just be looking to milk that as long as possible.

word...if you consider how many people's livelihood depend on this game to go on....I guess the only thing that's left for us traders is to try and enjoy the charts...

bouncing off the TL

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Yep.

I need a phrase for riding the GLOBEX down after the cash close. The 'riding the GLOBEX slide'?