ES discussion, week of 8/31/09-9/4/09

Thanks BBJ. I'm not sure why those foldbacks happen, but they sure do.

Look at how this 97+ area stopped this dead for 22 minutes now. I still think the break is way more likely to be to the upside.

Notice the TL, and how it finally got to that right here, and up and over it goes...

Just amazing.

Okay, so sometimes I have a bit of a read on the market, at times... :-)

Suh-weet.

Keep an eye on this ABCD here, in case...

Note that it is not an ABCD as a correction to a trend, it is just an ABCD off today's low. But as a 'measured move' it may still produce some reaction, so it is worthy of note.

It wants 1006 so bad it can't stand it. But first it has to prove itself at this ABCD level.

What a finish. Now we have after cash and GLOBEX tonight, into the jobs report tomorrow AM. What a slew of factors on deck. I'd be surprised if they didn't get 1006 in the after cash here, or in the GLOBEX later.

From MP I watch the POC, VAH, and VAL, and all previous virgin POC's, but only in the 'context' of them fitting in with the methodology.

Did you see that ABCD at a .300/.382 overlap and key set line that this started up off of just now? I have to wonder if it's done all it can today, though. We'll see. My plan is to stay long side bias until it clearly says otherwise. That may be in here, or it may not be.