Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.

Watch INTC and AAPL. And watch all that 'lateral' support in the ES at that 20-21 area. If they can get to that, and take that out... If...

I'm just posting things to watch closely, from a 'price action reading daytrading' perspective. Just pointing out where the next clues may come from, so people can see what I look at when trying to read price action, within the 'context' of the setups and methodology. As long as everyone studies what I say in that light, I would hope it would be somewhat useful.

Originally posted by rat89

thanks jim

Originally posted by jimkane

Okay, get ready. Watch that Friday LOD.

The only thing that would shock me is if the ES doesn't go up here.

Understand, I am short side bias here, waiting for a possible flush. But I don't see it. In 'the old days' all those stops would be irresistable. But nowadays, the bias is so strongly 'up' that they don't really care about downside stops like they used to. My two cents.

They want to take this up. I'm not sure if they can, but you can just feel how much they want to...

I think crude is about to launch its next small leg up. We'll see.

Wow, is this thing dead today...

Well, if they can't take it up, then they may take it down... I don't think they'll do nothing until close.

Okay, at least they are going to do something with it. As I first suspected, up. The only direction that makes sense. But they did first give it that feel that maybe they would roll it, sucking in the last suckers. Watch the 'ABCD' here now.

Thanks - I must have been sleeping indeed