I wanted to show some charts but was not able to attach any files. Probably some technical glitches over the weekend...

I said it and I am saying it again. Unless a gamechanging event takes place this ain't gonna stop. Just my opinion..

I agree !

What a force !

Mats

everybody gone fishing?

Originally posted by mreiserer

I said it and I am saying it again. Unless a gamechanging event takes place this ain't gonna stop. Just my opinion..

Yes, M, that's already been a given for awhile now. That event may not happen until well into 2010, or even 2011. But it will be just like the Spanish flu, where it comes in pretty scary, then fades out and they feel it is over, then the much bigger 'Wave 3' hits. The next leg will make the 'crisis' we have seen so far seem like a walk in the park. And I've been saying that all along, so mark those words, and watch and see. I suspect it will happen when we are at new all time highs.

Originally posted by jimkane

So, will they hammer the USD tomorrow some more and run this up to that 1118 area? That would be a big push up. Or will that 1107-09ish area cap it for the day (then up the following day?). How low can the dollar go? If the dollar gets to say that 35 area from the current 75 area, where will the S&P be? How happy will Bernquacke and Tiny Tim be? Those are the questions we must examine.

Hmmm, straight to the 1107-09 area, hitting it in the first half hour, and then four hours playing around in there. Not a bad read on my part so far. What are the chances, with two hours left, that they won't launch off this and shoot for that 1118 by the close? This thing is so easy to read, in my opinion, it's just plain silly. I won't even throw in the caveat that this is a very dangerous area for them and it could sell off from here so I'm watching in case, because this thing has only one direction, and that is up. They simply won't let it do anything but that, in my opinion. And yes, there is some sarcasm floating through this post.

i love the sarcasm

Originally posted by EricD

i love the sarcasm

I'm glad, my better half, she hates it with a passion.

So, the retest of the key line from the main setup and the subsequent pop into the close on Friday off that that triggered one of those long and hold into GLOBEX plays sure did pan out pretty well, I'd say?

I'm being cautious in here. Watch crude for a lead indication. Everything (but the USD) should keep smoking up strong, but I'm getting cautious.

Caught crude just right in there. Now watch right here very closely.

Well Jim as you have said in your books depending on timeframe.

My thougts for now i that we maybe have a correction from that
5 wave down on 60 min.

But we will maybe have another BC and CD leg from that.

I was on globex 5 min and normal 1 min when I posted this day
(evening in Sweden).

Very nice on 5 min globex.
What was caught my atention was the corrective 5 wave down
in the CD leg

Well globex seems to be equal important.

In longer terms I think it is up, it has never made a correction
yet that will say it has changed direction.

Mats