Well, just a few hours, and then we see how serious they were with that monster drop after the jobs report and that 45 minutes of trading time they had. This is going to be quite interesting, and I've been anxiously awaiting the open...

I mean a sell the news event for the ES, not GOOG. GOOG may be, but this ES setup is what I am watching.

Another new high for the ES, 84.75. Hmmm, who was saying 85ish? But will it turn down in here? It acts like the odds of that are around a million to one. Is that a good sign? I don't know, it has me convinced this is headed to new highs...

Now 85.25. As we used to say 'It's gone!'

Okay, for the most part my area is now 'blown out'. Is this move to 86.25 now a 'peek around' as joed likes to call them, and that's it? It is not acting like that, but this is the 'last chance' for this area, from a technical standpoint. This is going to fool a a lot of people if it just keeps going here. After this big a monster ramp, and it's got lots left to go? Interesting.

86.25, and another fine trigger. Now we see. Top of the key area, a 'peek around', a fine trigger. Showtime. Let's see if this gives a higher confirmation trigger now after this. GOOG back to the closing price.

here ya go jim

Originally posted by jimkane

GOOG announces a stock split, and it's back to the closing price area. All this dead on the super-key ES area. This is sooooooooooooo a sell the news event, to me. But, this is post Mar '09, and I need a trigger...

Thanks for the trigger, rat. It's all working out quite well now. That Chinese GDP report yesterday rolled it dead off my best area (I know I was talking a few points lower in here, but my best lines actually were where it rolled). Carl Futia said today that the low at 52.50 was it, and that we are now moving to new highs, so I guess I can't expect this down move to continue to the 30's, like I was hoping. I'm really just 'hoping' to get to a new low, or even the GZ of the entire bounce up. But, as Carl is saying, probably not... Again, thanks for the trigger.

Originally posted by rat89

here ya go jim

Click image for original size

Originally posted by jimkane

GOOG announces a stock split, and it's back to the closing price area. All this dead on the super-key ES area. This is sooooooooooooo a sell the news event, to me. But, this is post Mar '09, and I need a trigger...

Everyone does see the Big Dog, AAPL, selling down, right? This, while CMG smokes to another new all-time high on a down day...

Hey, what happened to Al, I'm getting worried, he hasn't been around for almost two weeks...

Originally posted by jimkane

I'm glad you are okay.

Jim,

Thanks for your concern. Sorry to cause you any distress. A little note from me would have helped. It is good to be in contact with you the Kane Traders again! I think I missed some good trading. Well, I hope there will be more opportunities.

Good Trading,

Al Kamego