I think I got morning chop...

look at the H&S on the tick chart

circa 929 should be a magnet

so GS really reacting to that ABCD and ES nothing...

the helium balloon wants to rise....

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Here is a bit of analysis cause I'm bored.
1st chart: My expectation was for this to move back to the lower // circa 929. There's also a 886 and other fibs there and it would be a large TD at the line.
So it reacts at the Trendline and 786. Maybe this is it?
Well I didn't take that one.

2nd chart: I want to see a test of the ML from below in form of an ABCD
It did just that. Look on lower timeframe. So I am short even if this is fighting all the buy programs. I don't care. I like the setup.

3rd chart: The way it's acting maybe just a BC leg?

interesting, just read that hey halted floor trading on NYSE due to computer glitch.

Nice analysis, especially wanting to see, and getting, that ABCD right to the underside of that ML. So, you giving this short some room to get past the W2 'all this junk' for the W3 and new lows?

quote:

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Originally posted by mreiserer

interesting, just read that hey halted floor trading on NYSE due to computer glitch.

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Yes, that popped up on IB as a warning bulletin.

I have to admit, it sure doesn't look like it will go down, it looks like it will chop, then they'll hit it with a buy program. But, sometimes they make it look one way and it does the opposite.

Well, even if I did it would have been 3.5 points at the most and I certainly wouldn't have exited right at the bottom, but waited to see if it finally flushes out. So I reckon it would have been 2.5 points at the most. With all the agony of sitting through the chop still a complete waste of time imo.