Here is the Trading Discussion section for the upcoming week.

Al Kamego

geez i love roofing..... hope you guys trading saw the endless .886's on gap this morning and profited handsomely....

anyone trading a stack as i do will immediately be able answer this... what was remarkable about the setup today?

Nice 5 wave move completion into the downward structure

The first upward TL is holding so far

roofer,

I am not yet trading a stack, your question beats me. GS had a very good day, though.

Al Kamego

Okay, now that price action is interesting... ES wanting to 'flash crash'?

Probably just a reaction to the Bern-Quacke testimony.

I guess they don't like his hints that the ZIRP (Zero Interest Rate Policy) won't last forever, and that they may draw in the asset purchases at some point (making QE 2 sound less likely right now)??? This may not be a 'flash crash', but it looks like one on the chart!

Did anyone notice that the GLOBEX high, some 22.75 points higher than now, was 'dead on' my old key line that sent this down on June 21st, and was tested multiple times July 13-16, and sent it down, was hit once again and again it went down. That says to me it needs to drop hard now, sustained, or it is most likely going to blow out to the upside with incredible ferocity. Just a thought.

SSO Update with block trade chart, a bunch of blocks just went off at the low....

Okay, jarek, I fixed the current topic. We need to figure out how that happened. There used to be a button on the main page to lock a topic, but only I could do it. Guy told me he'll get to that at some time, but in the meantime, if one clicks on the edit post button (the one above the post that shows the pencil), there are four boxes to check before you get to the text box, the last one being 'Check here to lock the topic after this post'. That's how I locked the rocking chair topic until Guy does the full fix. I will set up a jarek test post. Please go there and see if you can edit my post (you shouldn't be able to), and if you can, check that box and see if you can lock the topic. If you can't edit my post, do one of your own, and then see if you can edit the post, and if so, try to lock it with that check mark. Let's sort this out so I can tell Guy.