ES discussion for Tuesday 7/28/09

Welcome to the Jim Show.

It will be interesting if this ABCD does play out and that wasn't the LOD there.

Everyone sees the set line this started up off of, right? Bigger ABCD down into that, which is really an ABCD in the CD leg of a bigger flat. If this smaller bearish ABCD plays out and breaks it down below that, watch out.

And yes, I thought the smaller bearish ABCD was worth a shot.

Just watch right in here for them to pick it up, in case...

Watch the line here...

If they can break it down from here I'm looking around 64-66 next (after the obvious 1.272 at 68).

That's a big if, given this is where they'd come back in and run it up to play their silly games (hiding out in treetops, shouting out rude names). Anyone catch the reference there?

1.272 to the tick produces a quick snap back. Let's see if they can hold it now. Otherwise, just letting it play out.

And there's 66.

Can we have bigger TD ABCD here Jim?

I agree with m. Great commentary.

Al Kamego