Well, look at those futures. Look at the Nikkei, and Australia. Can anyone say 'melt up'? Looking at those 1,100 areas next. Otherwise, it's long, long, and more long. Long and never wrong, I like to say. Yes, I am still giving this daily area its chance to play out, since it did a finishing move here, and the sentiment is just extraordinarily bullish (many sentiment indicators are more extreme than at the Oct 2007 top), and the DX is still in its potential reversal area. I am not going to lose respect for this area, and woe unto thee who does. But once it clears this I'm not looking short again until the next areas, or if it visually reverses. The darn thing is just sooooo heavy, though, so outrageously overvalued, it just looks like it will collapse from its own weight any second...

Signed,

'Long and paranoid'

any hour....any minute...any second....will the bubble burst..?

Well, all I can say is everyone is officially calling the recession over on TV today, from Bail 'em out Benny to Laszlo to any and every analyst. And the market has priced this in already. I think it is so far from over it's a joke. And the market will have to deal with that, sooner or later. Just my two cents. In the meantime, I think this thing is trading excellently.

Did everyone see the little TD ABCD on the 3-min that really got this moving? If you didn't take the signal off the top with the 3-Drives, this was a nice second chance.

Noticed the 3-drives on my 5min chart and as you pointed to the little ABCD I found it as well.

Nevertheless, nearly everything on my 3min chart could be something, need to train my eyes more for the details.

Well, Marco, that's where 'context' comes in, and synergy between lines, certain Fib areas, patterns, and the like sort it all out and point to specific spots.

Everyone see that 3-min .786 ABCD in a .382/.447 area, and down to new lows again? Pattern after pattern, area after area...

Look at that 3-min upper // there, and how it reacted to that. It's sold down pretty hard, so more follow through down may have to wait (we'll see soon enough), but it's amazing how it went to that line dead exact and started to drop. Now we see at the ML if it wants to blast up.

Sweet, ML had no effect. Watching the 1.128 and 1.272 at the lower // next. Many times, though, at this time of day, in this artificial market, they love to drive it up off the .886 area, so watch that, too.

Sure did see that .886, eh?

It also lined up with the division line for that set, too. But the rampers are very weak here. Probably some news will be manufactured after the close and they'll gun it straight up, as per the manifesto.

Ah, there we go, the .886 is 'paying me off' finally.

Now a key line here and an ABCD. Let's see if it's a CD leg, or W3 up and over the area. That would be a good clue. All right at cash close...