The thread for actual trading opportunities and general market discussions.

Trade well!

And there's the new 'bull market' high in the ES, as predicted. I don't 'predict' the market, per se, but I do predict how these maniacs play the game.

WOW!!! Look at that. ES now at 81.50! Now up 12.75 since the close!!!!!

Okay, so now I start looking at those areas in the low to mid-1,100's next. But, that's all for fun, for management at best, since, as you can all see, one ABCD setup after another on the long side. Some in here are starting to show them besides me. I'll just keep looking for them until this stops going up. Maybe that's in five years like my hero Laszlo says. Who cares. Play it until it breaks is my motto.

Good morning!

New overnight "High of Year" for ES with 1086.
Good numbers from Intel and JP Morgan, also "Retail Sales" are better than expected.

Updated daily ABCD pattern with the latest data:

What I've been looking the whole day, 2 retracements and yesterdays lower TL updated into todays action. Pretty quiet day with the FED news upfront.

Geo's 93% rule was finally satisfied yesterday so S&P doesn't have to go up anymore :-)

CL getting to a big-time daily/weekly area in this 77 area. Although it seems CL is bound to rise 'forever' along with the market and the falling dollar, this is a key area for a potential reversal. I've been watching for this for a long time now. The best area was a bit higher, but it took a lot longer, so the main line is lower by now. This is similar to the ES, though, in that it just blew out every key area on the way up, usually with a small 1-2 day reaction. Maybe CL does that, and maybe it just keeps on smokin'. I want to keep an eye on this, though. In the meantime, it just keeps throwing out setup after setup after setup after setup for the long side. It's truly amazing, in my opinion.

My best range for this area is probably from 77.40 here to 78.20, give or take. The next, and really last, area for this premise centers around 83 plus or minus about .50 or so.

Understand, I am usually looking for the $1 moves off ABCD's on mid-range tick charts for trades. This is a major weekly area for an intermediate or even complete reversal on CL. To even nail that within $5 would be amazing to me. As I said, like the ES, it isn't likely going to stop, but if it were to, this is a major area for me to watch as I look for the seemingly endless smaller long setups.

unbelievable setups....Jim in Cl...I have most things converging with 78.51 ..coencides with that area of yours..

Yes. And for me the magic is in the ABCD's on the tick charts all the way up. Just incredible.

7.5 points off that 1.272...