ES closed strong and looks good for a strong start of the week:



However I'll be watching closely bearish ABCDs on the way up since long term questions remained unanswered yet:

Geez. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

Originally posted by jimkane

Get ready...

They are doing everything they can to make sure no one is holding puts if this goes down. That's my take, anyway.

Watch CL in here...

ES needs to be careful in here, or it could dump...

Just a brutal snoozefest. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

iwm just sitting on the first hour low...

ES two hours doing zero, zip, nada. It still acts like it wants to burst up, but all I can do is sit on it and see if it has more long to give, or not. CL still doing nothing for about an hour and fifteen minutes...

I guess they are waiting on IBM, INTC, and YHOO earnings after the bell. INTC has really downplayed things, so I think they'll likely beat. IBM always beats and then rockets up, right? YHOO, no one cares, it is a meaningless stock I would say. So, the earnings should get some upside going, I suspect.

Okay, ES starting to go. New high for the move. Now, will it just stall and grind, again?

WYNN just blowing earnings out. Exploding in the aftermarket.

I think it may head for the lower //, not even the ML. I've been thinking 35 since forever. Understand, though, this is really just an index against the Euro, which is by far the heaviest component. If the DX was going up, and the dollar going up against all currencies, the buying power of the dollar could still be going down, even rapidly.

All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...