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Trade well!

Sure is working hard here to try to go up, but it can't get the umphhh yet. Maybe after a bigger checkback, but I'd watch this closely.

What happens with CL in here is really going to be telling, especially in light of things like this:

http://www.zerohedge.com/article/attack-iran-or-market-noise-noise-probably

I still suspect we may be way up very soon... But, I'll let the price action guide me.

quote:

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Originally posted by jimkane

Sure is working hard here to try to go up, but it can't get the umphhh yet. Maybe after a bigger checkback, but I'd watch this closely.

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Pretty amazing to me on that ES. It tried a little stab up, and basically that area just turned it down. Now we have the bigger checkback, and we can see on that. If they can't get this moving back up, that could be serious trouble. The bulls can't handle a failed attempt in here.

watching it closely..........beautiful exp abcd in crude 50-80 here we come..

78.51..statistical mean of teh entire crude oil contract....

I was just going to point it out and comment that I hope everyone was all over it, when I saw this comment. Sweet move off that, eh? It's shaped up like a 'W4' off that bigger ABCD from this AM. Now we see if that was it, or it keeps going. I think nothing can stop this bubble right now, but that's just a thought.

quote:

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Originally posted by jimkane

So far CL acting like a W3 here on the way up... No reason yet for me to even think about getting off the long side...

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Yep.

Now we hit well into the 1.272 off the ABCD and the projections/expansions that say if that's all it intends this is the area to tighten up. Pit closes, now we see.

yes it lined up perfect with that other correction...risk was really nothing ..quick 80 cents

Jim also the median line on the Daily Cl X9 using 6138 low..

7.5 points off that 1.272...