With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

A super-basic reiteration of what I have been saying, but it is simply explained, for those that want a refresher on the upcoming QE3 and how the market may go down to justify it. I still can't see the market ever going down, but if it is part of a bigger plan, and temporary, I guess for a short while maybe...

http://www.zerohedge.com/article/why-bernanke-would-love-another-crash

Originally posted by MarcinO

MarcinO,

Thank you for the compliment.

I agree with your comments about the ABCD taking part in the move. The ABCD makes a nice Kane Pattern-Line-Fib on the mod Schiff ML Set per the chart I have made. I like your charts, they are very clear. I only get SPY RTH with my International Brokers Account.

Good Luck and welcome aboard.

Good Trading,

Al Kamego

Click image for original size

Albert,

Thank you for another informative chart. It is now very similar on ES and SP500 (index not futures) as ES maturity date is approaching. The MLs you shown bring very similar information on both instruments.
My charts are very clear as I'm a newbie

but I hope to make them more complicated when I get more fluency in chart analysis, especially using various MLs types.

Regards,
Marcin

Cool. This is a great forum, there are some real experts here and they share their knowledge. I just try to learn as much as I can, and keep telling myself to "do the work."


Good Trading,

Al Kamego

Here's a shot I took tonight basically out my back yard. Not a great pic, but it sure was nice to the eye. I never can capture with my camera what I see with my eye, especially with a digital camera. It always turned out washed out. Then again, I am not very skilled with a camera. Anyway, with all that talk about the beautiful area I live in, and how I never get outside, I decided to at least step out 'on the porch' and click a few images. Here's where I live:

Look at that ES roll off that 1.000 ABCD to the tick, after at least five tries at that level. But, I wouldn't count on a big selloff. That isn't to say I'm against taking a shot, only that my hopes aren't going to get up too high. Let's see if it does anything with this DT ABCD right here right now at 36.00-36.50. If not, the KZ is my next spot to watch. We'll see. It does what it does. All I can do is position myself and then manage accordingly.

Wow, does it 'see' that DT ABCD.

Is that a bearish 4PT in silver right in here? It's just so awfully positioned...

No one can conceive of silver going down in here, and that makes me wonder. Silver may also rise a bit more into a standard ABCD. Or, 'they' may all be right and silver is headed back up. Just some things to consider. And how about a bigger TD/flat ABCD?

ES bounces to the .447, and it starts to sell again.

33ish is a really critical area if this big bearish ABCD is going to fail. They'd really want to pick it up there. That's not to say it couldn't go lower, get picked up, then explode. But, the 'best' spot for strong bullishness, to me, is that 33 area. If it even gets there.

DT ABCD stopped it dead, now it has a higher low... Exciting stuff. Now up to take out those five highs?

Originally posted by jimkane

... Here's where I live...

Wow, Jim - what a spectacular view! I could only dream of something like this. It's really hard to understand why your blinds are closed and the curtains drawn...

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...