Darn, I was watching the ES, it opened and dropped right to a line I was watching, to the tick, and started up. I got a buy trigger. I decided not to post on this. My motivation wanes from time to time, as I get so little interaction on all my posts. Now the ES is up almost 20 off the low, much more than I expected by now. It's really getting ramped hard. Oh, well, I wish I had posted it as it was happening. I used a really cool line technique to get my line. I had it on there shortly after Friday morning got started.

This is a monster area in here, but I think they are in the run up to the Jackson Hole disappointment sell the news mode. So, if they take this area out, like I said, I'm thinking the ext ret areas next.

and look where it is.......

Area officially hit.

That's similar to one of my basic ES sets.

Originally posted by rat89

and look where it is.......

Click image for original size

So you can see when they take it out how it may really burst up.

Huge 1-min expansion bar with volume as the key lines give way. Ride until close has been my mantra all the way up. We'll see. Looks solid now, though.

76.00 here is a minor area that may check it back a few ticks (but I doubt it), so I'm keeping an eye out here.

Sorry, I was a little sarcastic there. Volume expansion into an area like this is always something I take seriously. I just think the buy plan until Jackson Hole is in effect, and the bias is strongly upward unless 'bad news' comes out.

notice how meticulous the computers were today to make sure there were no gaps in the indexes so that no one would think of trading the .886

So, the high for today, which checked it back 11.25 points, was at 76.75. But, will this do any more than that? My thinking is they want to keep running this until they get their temporary disappointment from the ChairSatan on Friday at Jackson Hole. So, I think the odds favor a quick run to the next area. After that the ABCD (1.000 is at 1241), and I'll post additional levels if it gets up there and looks like it has some legs. It would be quite curious if they did some more selling off this current area, though.

Posted-08/23/2011 : 15:14:31

Originally posted by jimkane

...My next levels on the higher timeframe are around:

1175.50-82.00

1196.00-1203.50...

Okay, not trying to be overly critical, just making sure I understand what you are saying.

Originally posted by MarcinO

Of course I meant KZ. I'm sorry if I confused anybody.
I'm quite bussy at work nowadays and I can hardly post charts, which resulted in an obvious mistake.

Originally posted by jimkane

Marcin, do you mean KZ?

Originally posted by MarcinO

Gold stucked a bit in the GZ reacting off upper //