So, although I see almost no chance (okay, perhaps one in a million) that this will open anything but up, and then rush up even more, I'm watching 1233-34 if this 1240-41 (Friday's low was 1242, close enough given that 40-41 is the center of the area, not the entire area) doesn't turn it. Like I said, though, it's Sunday night, so it should gap up and run, right?

One scenario is they bring it down a bit more, and then QE3 is announced, along with more Euro bailouts, and then we start Carl's march well into the 1300's, and then beyond. I think they will print until the collapse, as I've always said, and printing almost always leads to higher asset prices. (The value usually declines in reality, but the 'repricing' in devalued dollars has a higher number, like when Zimbabwe went into hyperinflation and in Zimbabwe dollar terms their stock market was the highest performing in the world (from a percentage standpoint)).

So, I think it is just a matter of does it go straight up from here, or do they bring it in a little first before all the additional intervention drives it higher. They may also bring it up a bit, and then down into the early AM, to get better prices, and then up tomorrow. I've mentioned that game in here frequently, too.

Got gold???

Overall, I'm very happy with today. Got a nice trigger last night for an overnight trade, which I posted in a timely manner. Went to one of my two key areas, at about the most likely time I was watching, posted in advance. Got a great setup for a short off that, and reached very close to the lowest area I was watching off that, posted in advance. Can't ask for more than that. If one can't work with that framework, one needs to look for a career in something other than trading, in my opinion.

Yee-haaaaaaaaaaaaaaaaaaaw!!! How's that read?

Originally posted by jimkane

So it is written, and so it shall be...

Originally posted by jimkane

...It sure looks ready to explode up into the close...

What I mean by this is that if I need more than that framework to then set up specific trades and have a good idea how to manage them, I should give up the idea of trading. I start with the framework, the layout, the premises, and then I 'drop down' to the specifics, as far as setup, entry trigger, management, etc. The framework, the premises, they are just that, the 'rough draft'. I don't expect more from a framework, a 'rough draft', than that. It serves its purpose, and serves it well, I think. I only made the comment generic so everyone can think from their own perspective what I am saying, and how they may be able to use that for their own purposes.

Originally posted by jimkane

...If one can't work with that framework, one needs to look for a career in something other than trading, in my opinion.

What a rocket launch!

Originally posted by jimkane

Yee-haaaaaaaaaaaaaaaaaaaw!!! How's that read?

Originally posted by jimkane

So it is written, and so it shall be...

Originally posted by jimkane

...It sure looks ready to explode up into the close...

Very important spot, rat.

Wait, that's not an 'in advance' post there, is it? Like 99+% of rat's posts? I think it might be...

here's the shot from earlier today...

Originally posted by jimkane

Wait, that's not an 'in advance' post there, is it? Like 99+% of rat's posts? I think it might be...

Yes, that was my point, we post in advance stuff on a routine basis in here. All the time. Over and over. The norm.

And, drum roll please... right into the after-market close they hit... wait for it... oh, the suspense... 54.75. How did he know this? How??? Get serious, how is this possible?

Originally posted by jimkane

Now 54 and change in the after-market???