JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, it might check it back a point or two, then up another 20 a day :-) I knew this had that about ready to explode look when I posted about that.
JI
jimkane
Rep: 3,058
Posts: 33,089
Curious to see the VIX up on a monster up day. That almost always happens when a reversal is imminent (even if it is a one-day reversal). But we all know that is impossible.
JI
jimkane
Rep: 3,058
Posts: 33,089
So many cool things going on like this. For example, we've had high closing ticks 6 of the last 8 days, which usually implies a sharp reversal 2-3 days later when it happens once! There has been no selling pressure in this same time period by another indicator. All the talk is the dollar is toast, yet look at this. At the recent high in the DX, there were 93% bulls. At this low here, where they are saying the DX is done, there are 6% bulls. Ever see anything tank with 6% bulls before? If the DX goes up, the market goes down. Lastly, look at this:
http://www.zerohedge.com/article/thoroughly-exhausted-market
I'd love to see today's value. Just some thoughts. Maybe all this can bring the market down 5 points so I can do an add-on???
http://www.zerohedge.com/article/thoroughly-exhausted-market
I'd love to see today's value. Just some thoughts. Maybe all this can bring the market down 5 points so I can do an add-on???
JI
jimkane
Rep: 3,058
Posts: 33,089
Not much of an ES discussion page, is it... Oh, well, I just can't get motivated to post.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, is this a one tick stop drop here, and it gets killed? Recall how many times they've done that. But the market that never stops rising sure doesn't look like it could drop here no matter what. Geez, I just want a five point drop so I can add on and double or triple up my positions :-)
On another note, how sweet has been the call play off the ABCD up to the 1.272, as seen in M's chart above? That's the play, and it doesn't get any better for the methodology than that. Now we see if it rolls, or we get the explosive blow off from here.
On another note, how sweet has been the call play off the ABCD up to the 1.272, as seen in M's chart above? That's the play, and it doesn't get any better for the methodology than that. Now we see if it rolls, or we get the explosive blow off from here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well, that was a fun and tremendous day. See everyone tomorrow for some more fireworks. I sure hope everyone is enjoying this action. You can't ask for more than this.




