Just a few hours until my favorite trading time of the entire week. So, how big a gap up today? Slight gap and run? Big gap and slow grind up? After all, it's Sunday in GLOBEX, the only direction is up, right? Recall how they closed this right at a key area. Now, geometry says this may be headed down, right? Yet they like to gun things on Sunday night GLOBEX/Monday. All starting from a big coil. I can't wait...

As an aside, NFLX is just one fire. Up almost 50% in just over a week. Look at the trend on a 15-min chart. Wow.

No follow through on the ES may mean they sell it.

Right back to the very first support level, and they come in with a vengeance. New high for the move, or a lower high? We shall see.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. What a poor start to the new year.

Five days catching buyers who want strong move up.

This sums it up quite well.

http://slopeofhope.com/2012/01/this-years-thrilling-ride.html

Well, it took them until the aftermarket to sweep those stops and take out the GLOBEX high, as mentioned above, but they did it. Off an ABCD, too.

So I was wrong. I found what I overlooked and that was time factor of W2 which started whole this trend up. I shoudn't expect it will be stopped. We are in long term trend up.

Is this an acceptable Kane 4PCP?

Al Kamego

Monday holidays are great, you get to play tennis on the weekend at the weekday rate