ES discussion for Monday 7/20/09

Key spot coming up

Yes, and although I think the odds are slim this is what is going on, anyone notice this could be an EXP ABCD W2 here and down it goes? Likely it may react and up it goes. By the look of the futures, though, I think they prefer just up it goes. We'll see.

gann in tza is 1893.....looking for short sharp reversal into weeks end

Okay, line and .886 just violated, unless they turn it here, up is still the side. Been a great day, in my opinion, for such a narrow range day. If they breach it here, roofer's areas are likely next, I think.

Nice, strong ES close on the new high tick. This is a 'hold some into the GLOBEX' type day. I think we will be at new highs for the bull in GLOBEX or early tomorrow. The only issue is roofer's areas right in here. Those may check it back before the next push, but as much as I respect the tools, this has that about ready to explode look to it. It is going to be interesting to see how they handle this in here. Regardless, I think the trading is just spectacular, but that's just one man's opinion.

i am too tired to post the wall... but across the indexes it is present or near...i believe we need a jolt to keep the public out.. but long term i believe the game is toplay the long side with kane continuation patterns.. GOLDMAN SACHS has taken over the government.. it is the tragedy of my lifetime.. but is the public going to complain?naw.. they'll only be carping about the fact that they have piled into bond funds because they are getting no interest in their cash accounts only to see a few months from now that stocks are soaring and they are losing as the bond market sags.. then they will sell their bond funds and pile into stocks. THAT I WILL BE SELLING TO THEM...i am a speculator... i will hold my nose and cry for my country while i take their money...political left or right.. it does not matter.. the Oligarchs are going to bleed this country dry...PAESE,thehead staff member for BARNEY FRANK , head of the house finance commitee, just quit.. he is now head washington lobbyist for who else.. GOLDMAN SACHS...will anyone complain.. not if their 401k's are going up...

My sentiments exactly, roofer. That's a big part of why I am shutting down the economic section, I just can't stand posting what is going on anymore. It is the tragedy of our lifetimes. Hold your nose and take the money...