Well, since jarek is off this week, I guess I'll start the topic this time...

either the tools are wrong... or something is up....

Looks like a perfect setup for the end of a cyclical bull market, roofer. If it weren't for the additional trillions I think the market will see, I'd think it would likely come to pass. During their hyperinflation, Zimbabwe was the #1 performing market in the world. At least in nominal terms. Afterwards, one share of stock bought you less than before it started, even though the price was up how many percent? Just a thought for us here...

Okay, I think it is time now for the ES futures to start moving on up...

So, watch for a nice dump in crude in here to go with that...

jim what i am thinking is multiple bumps against that line/.... but dont forget in dto and uco there are abcd382/87 with unmet targets...i was not thinking end of bull. just a nice trade.... maybe even a scary dump.

Thanks for the comment, roofer. I knew you weren't calling the final end in here, I was just thinking, if it were to end, wouldn't it be technically pretty if we could look back and see it end from a spot like this?

CL basis April off 2.35 from the high... I have one area in here, so that may be it, but I also have another spot around 95.15-20 just below, so we'll see.

Originally posted by jimkane

So, watch for a nice dump in crude in here to go with that...

Don't bother to ooh and ahh over the above note, by the time I posted it most of the dump had already taken place. But if you know my work as a student, you'll have an idea why I saw that coming well before I posted it.

as traders of a specific set of tools, we must constantly force ourselves to consider the bullish and bearish case.. in oil...as improbable as it may seem.. a large bearish abcd may be ...

great heads up roofer...to always consider both sides of the trade....

the key is to do the hard mind numbing work to know when the indexes are going one way and certain stocks are going the other way.as the indexes are going up you will get to the point when 90% of your stocks are on sell... then the indexes go down... here is why i was short AMZN all day as the indexes were going up..