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???

Next gun the GLOBEX highs at 61.75. Oops, they got them while I was typing.

Where does he come up with this stuff???

Look at the time stamp. Look at a 1-min ES chart.

Posted-12/06/2011 : 14:31:48

Originally posted by jimkane

They want up on this real bad.

Watch how this acts in this 'rollover' spot at 64.75. If it drops a tiny bit and they rush in for it, that's a big clue. If they don't (hah!), that's also a big clue. This is a spot in here.

Watch the little bullish tick ABCD here, right at this key spot. They don't want to sell this at all.

Alas, I don't care, nor does the geometry care, what they want.

But, I really can't see this dropping at all, given the time of day and the sentiment right now. We'll see.

Next stop gun Monday's highs at 66.25.

Exactly, rat. Like I said, the geometry doesn't care what these maniacs want. This is it. Decision time. Put up or shut up.

They did push this as far as they could. Withing two ticks of that Monday stop run (I'm still surprised they didn't get it, and a bit wary they will). Through all the very short-term levels intraday, right to the limit. Although I could see them pushing it a bit more to close the day right at the key level, stretched to the point of no turning back (from Pink Floyd's 'Learning to Fly'), this may be it here. Everyone knows my play in here.

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???