Hello everybody. I've just returned from my vacations and I wonder what happened to this forum while I was away... I haven't done any analysis yet but I'll start the topic anyway since it looks like nobody else is willing to do it.

Yay, jarek is back!

Yep, the forum has went almost completely dead since roofer left and you went on vacation. It's really sad, but it is what it is, and I can't do much about it. At least a few of the long-termers tried to make some posts and keep this place out of the graveyard.

I'd like to think if you start posting again regularly that it may pick up. We'll see. Hopefully...

Buyers beware. ES at area of .786 ret of last leg down. I'd watch here and the .886 above to look out for rollover..but it still has some steam on the upside..but for how long?...sorry im not buying cause i don't really like the context and the current location of the price action isn't too favorable, except on the smaller 'scalp' timeframes. Check out the EURUSD pair too, that also sits at area for the big hands to pound it back down.The action overnite is incredible and it has spilled over into the daytime session right now.I have to ride this bull move but im not expecting anything big, well until it shows me otherwise.keeping my mind open though.
T

Agree with Tony. ES sits also at a line and one of Jim's favorite trend continuation retracements of the whole move down:



But since there is no pattern it remains just the watch area.

I expect some repeated stabs of the area before a real move occur.Either pop up strong or just rollover. I'd favor a roll and will take short setups off a down flowing price action.But I've been on the wrong side of a canon's barrel before so don't take my words as advice. I'm just calling as I see it.

The really incredible thing is, this makes it, what, 21 of 23 up Sunday nights/Mondays? (Or is it 22 for 24, I have to go back to my count.) Very curious, and a real thing to lean on until it breaks.

And yes, two of the recent dates are really 'Tuesdays'. I really mean more the first trading day of the week, technically.

I don't know, crew, still having trouble seeing the bearish side since this sprang right off my area down there around 40.

Did anyone check out gold/silver/AUD/CAD/Wheat/etc like I mentioned? (Recall M saying more than once: watch the DX.) Commodities are going nuts. Look at those patterns. Just incredible. And yes, as these hit key areas we'll see soon enough if new highs are coming, or failures (as most of the crew in here thinks). All I know is I'm bullish as all get out off the recent lows until proven otherwise.

The next area I'm watching closely is around 1100 plus or minus a point or two. How it handles that will tell me a lot. Best case scenario for the bulls is that it hits that area and checks back, perhaps to say 1074-1078 or so. Now, that would be ideal.

Everyone see how the DX checkback is in the form of a flat ABCD right here? Will that turn it, or will it go into a DT ABCD, or just drop? Very interesting possibilities in here...

Wow, the ES goes right to 1100 to the tick, as I mentioned, and checks back over 7 points in an ABCD, and then starts to rise. The DX? Up like a rocket right off the flat I mentioned. And the forum? Not a single post... I can't do any better than that pointing out things to study for you all, folks...

And yes, right here is critical to what happens off 1100 and the flat in the DX.

Jim,

I really appreciate your posts and I think they are very useful. I like to read them & try to things out.

Al Kamego