I'm starting this week's discussion.

How did I know this?

Originally posted by jimkane

Now they sell?

Sometimes I amaze even myself...

I am curious in here because it is trying to look like this dump could be severe. That has me wondering if we are done right here at this 12.25 low.

Watch 14.50 on this bounce real closely. Big clue time for this bounce.

Pretty easy read.

Interestingly AAPL is at the very high tick of the day.

The ES is telling me, very straight up and unequivocally, that it plans to sell hard. Some severe downside coming. Somehow I can't help but feel that is a trap.

And that's the issue, from a practical trading standpoint. I want to get a 'feel', a 'read', but not one that is overly obvious and strong. If it is too obvious, it's almost always a trap, in my experience. I want a middle of the road signal. Those tend to be much more reliable for me. But, something is going on in here, of that I am sure.

I know I'm second guessing here, but I have a feeling this is going to sell severely, even though it looks so incredibly obvious.

10.25-.50 next?

Please, everyone, read this post I did:

http://www.mypivots.com/board/topic/4050/-1/jims-economic-links#99179