So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:



Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...

AIG 60 tomorrow?

After all, it's a really great company with lots of shareholder value...

Maybe they think Buffett is going to buy them out fully at a premium next?

AIG another new HOD. What a monster! :-)

AIG over 40!

And yes, I am being mocking and facetious about AIG. I think it is a worthless POS, and I still can't for the life of me figure out why they let it trade, and FNM or FRE, too. It makes no sense. No less for those three and CIT to make up over 40% of all volume, and for the entire float to sometimes be turned over multiple times in a day. No sense at all.

Sorry I didn't have more to say about the ES or CL today, but some days it's just so cumbersome to write up the details and spell it all out that I just don't feel like doing it.

What I can't understand is how you are able to answer here
in the forum and at the same time have complete control over
the entire market and on top of that trade !!!

I struggle with one issue at different timeframes and this is completly enough !!

Mats

Well, that's a big part of why I don't ever post during the morning session. The action is too fast, and I don't have the previous few hours of action to get a good enough read to post things ahead of time enough to make it worthwhile. That's also why I was talking about how I'd really have to be live to show all of what I see minute to minute, there would really be no other way. This is a very cumbersome medium to use, and a lot of times, as you say, just when I would have to post I have to focus on what I am doing. But, in the past I did a lot of chat room stuff in Scott's old Harmonic Trader room, so I got used to multi-tasking. But I recently tried chat for a few days and could no longer do it and concentrate, so I gave it up quickly. This is the best I can do right now.

Futures up nicely. 1060 area tomorrow, or higher? Ramp into and after the Fed announcement, then down the next day and from then on? Be a cool scenario, if it unfolds. Be really great if it somehow formed an ABCD on the way up...

Okay, 67 was it. See ya all Monday. Great posts, everyone.