Let's see if this works....never tried to start a new topic...

having bounced off the .886 friday, will it aim into the area of interest up at the .886 of last week's high, or into the box at 1.128 - 1.27, and what will it do up there?

There is some symmetry in that both blue arrows are at .886....ultimately you might expect a move that mirrors the mid march - may move, but without a significant pullback into an abcd, which we haven't seen yet?

What they heard was QE3 is coming. That was never a doubt, it was only would they wait until the next meeting, Jackson Hole, when would they 'announce'. They 'announced' early.

Originally posted by tx_ches

$TICK reached 1295. Wall street sure liked what they heard.

So, I think we'll hit 30 level shortly, but will we hit 40 today in the RTH? GLOBEX? If so, we'll be up 45 off last night's GLOBEX low. Like I said, I saw the manipulation ramp coming in soon.

Gold about 5 from a new all-time high. I can't imagine it won't get that, and the stops, any minute now. Talk about a squirt effect, watch what happens when gold takes out that high. We may see 1600 today.

seems nuts, but there it is

Originally posted by jimkane

Gold is just going nuts. We're so dead, IMO...

This is a tough technical area here for the ES, but that really doesn't matter at all if the MRRD's are in the game.

Jarek may have to come back from vacation early.

Originally posted by jimkane

So, I think we'll hit 30 level shortly, but will we hit 40 today in the RTH? GLOBEX? If so, we'll be up 45 off last night's GLOBEX low. Like I said, I saw the manipulation ramp coming in soon.

That 21-22 area pushed to the 1.618 ext ret with three pushes on the 1-min/tick chart, and got to 23.25, but that really gave it a dose of reality. Based on the reaction, 30 or 40 is off the table for me as a likely possibility. Watch in here, at this ABCD, to see if they are able to come in at all again, or if that finished them off.

big .886 on gdx

Someone should post the two upsloping SL's on the ES, using the full overnight GLOBEX data, to show why that area was on my radar for a possible selloff.

KZ and lines here. Now we see if the sellers are back in control, or not...

roofer,

I am very sad to hear about your recent misfortune. I will keep you in my prayers. I pray you have a complete recovery and return to your full strength and health. God bless you.

Good Trading, Al Kamego