Broader indexes like IWM shown by Roofer and MID below should show us the way in the coming days:



They were usually first to advance in the recent months and we'll see soon if this is the case this time as well

Ouch. No jarek for the rest of the week. How will I post without my chart man?

I can't deny how good that looks. But, given the Japan situation (and the story that there is smoke at another reactor like seven miles away...), Libya, the Kuwaiti cabinet stepping down tomorrow, Portugal is fried, Ireland ready to default, everyone is now saying no QE3 (which, to me, means there will be a QE3, and I expect QE4, 5, 6, to infinity, as I feel it is mathematically impossible now to stop), how can one be bearish? Those are all bull items. If someone nukes LA, or we get hit by an asteroid, I can see the market gapping up 1,000 points and then really going up from there...

Originally posted by jarek

My itching doesn't stop:

Click image for original size

nooooo

Originally posted by jarek


I left to prepare myself for my last ski trip this season. Just few more posts and I'm gone for the rest of the week...

Okay, ES uses that time up, then flushes down, and blows out the ABCD area. Very curious little clue there. Now watch the next key area around 22.00-22.75. It just hit 23.00, and that may be close enough, but the lines say lower is better, so I'm not thinking that was likely enough. Just trying to think where would be the best place for them to close this, the most critical area.

Originally posted by rat89

nooooo

Originally posted by jarek


I left to prepare myself for my last ski trip this season. Just few more posts and I'm gone for the rest of the week...

Fortunately I'm back on Sunday

Practice work.
XOM 15 minute chart.
Rat89, my yellow set uses a different A pivot than your large set. For practice, I tried both. I probably should have used a different B pivot but it doesn't seem to make much difference for now.

did we lose pages?

hey tomorrow they''ll dump AAPL in the morning......... to give a nice abcd .382 in ndx..... but the other indexes will just sit there.....everyone will say holy moly...that's it? then they will pile on and jim will have his thousand points, or at least a 500 point up day....let the mania rage on.....

Practice work.
APC 15 minute.

APC is a very harmonic stock, one of my favorites, and one I use as an example in my mentoring. The harmonic nature of it is clear from that chart.

Yeah, that 1338 rings a bell, but I confirmed the high by various sources and feel it is correct. I even checked several other contracts, but couldn't find that 1338. I've seen it before, though...