ES discussion for Tuesday 7/28/09

Welcome to the Jim Show.

I have some great stuff at 75, and then better at 76-78, on the way to that 84-89 area. We'll see what they can do with this ABCD first. Notice, like every time since the March low, whenever they send it down at all and it starts to bounce, all bearishness disappears and no more rips are sellable. That will end some day, but it hasn't yet.

And no one here...

Right to my key line at 78, and checked back six points so far. Just incredible. So many key Fibs there it was nuts. The way this market sees the methodology is just insane, in my very humble opinion. And no one is here to see it...

where are Jeremy's posts? I saw them and now they are gone :)

They are gone???

Or you mean he was posting but doesn't post any more?

I saw two his charts here .. and now they are gone

Today?

So, the check back goes right to the ML for this set that sent it down, and now right back up to the upper //. It's just amazing, my old favorite word.

And what was right at the ML where it started back up? An upsloping lower // from a set based off the high there. X marks the spot. Unreal.

Okay, I'm done posting for today. I'll try to get to the ex post facto later tonight. What an insane, amazing, incredible day for trading, in my humble opinion.

I agree with m. Great commentary.

Al Kamego