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:

does anyone else have a read on the ags?

Letting it breathe, just seeing what it wants off this ABCD area. I can never know what it will do, so I let it tell me. Then, hopefully, I listen and act appropriately according to my 'Trading Plan'. Just some thoughts all the experienced traders in here know stone cold.

Originally posted by jarek

One more D is still needed for a nice approach at our line...

3D didn't happen. What about this .300/.382 bearish ABCD?

That's the one I mean.

'W3'??? Or ABCD? Now we see. Staying long side bias for now.

1303.25 the next level I'm watching, if it can get past this key .382 at 1301.25 here. Key line coming in right between these levels, so 'in here' is a real test zone.

lol!look at jims vote number 447!

How funny, I see numbers everywhere and I didn't see that!

Originally posted by roofer

lol!look at jims vote number 447!

Careful here in the ES, the key line is hit to the tick, right in the KZ... I'm letting it breathe, but I'm ready, in case.

Originally posted by roofer

lol!look at jims vote number 447!

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...