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:

1303.25 hit to the tick. Now we'll really see. Does that finish it (I strongly doubt it), or is it really going to run. This may be long side bias until close. A+ for letting it breathe. But, it has to prove itself here.

This is so 'it' here, so critical. Looks like the sellers remorse is really kicking in. They are acting like they want to erase all the drop ASAFP. Same old, same old.

C'mon, let's see what you got. It's a dilemma here (not a big one), as I am intraday long side bias, and very happy with this move, but intermediate-term short side bias via the put setup from the end of the week before last. I'd prefer the down move not to be done, like they are trying to make it look. So, I'd really prefer to have the intraday end here and the short side reassert itself before it gets over such a key area. But, it's not about what I'd like the market to do, it's about how I act when it does what it does...


BTW, CL is starting to assert itself here a bit more on the upside.

dia kind of pushed through....if it sticks....iwm not though

Originally posted by jimkane

Your DIA chart there, rat, shows why this is such a tough area here.

one thought.....spy 132.37 > 129.51 = 447 @ 130.79.....hit .81...watching

I so would like this to roll over...

CL just can't 'break out' over this basing range. It will need to for 'risk on' to come back into play, I think.

C'mon, ES, roll over, baby. Give it to me. I actually think they won't give it to me, they'll just tease me and then gun it, but let's see. I'm just having fun here, keeping myself awake after a long day, just waiting on this to wrap up. Don't take my comments too seriously, it's all in fun.

you have three wishes

Originally posted by jimkane

I so would like this to roll over...

We may say that Jim's reputation number is ruling ES now

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...