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...

Jeremy Siegel is calling for Dow 17,000. Wow.

Hard sell into close, new LOD? Oh, please?

Watch the GZ right here.

There it is!

Suh-weeeeeeeeeeeeeeeeeeeeeeeeeeeeet. Look at that awesome dump into the cash close. I love this. I am just so loving this. It hits the last of the last areas of interest yesterday at 88.50, the 'bad' Chinese GDP report kicks it off, and here we sit some almost 24 points lower today, with a Friday close at the LOD. I couldn't ask for more if I scripted it myself.

I'm not sure what they will have planned for Sunday night GLOBEX, since I can't recall the last time they sold on a Friday and closed it on the LOD. Do they plan to just run it right up on Sunday, thinking they got their lower prices already? Or drop it down a bit lower and those prices will be good enough, and then they run it? Or is it possible we are going lower? I doubt that, since everyone says we are now headed up. Maybe I don't read enough blogs, but pretty much everyone I read is saying up. So, I guess we go up. No, wait, if everyone says up, doesn't that mean down?

This is kinda funny (in a sick way).

http://www.zerohedge.com/news/friday-fun-financial-fatalism

Wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! The little bounce there after the cash close? They gave all that back and took out that LOD with a flush right into the futures close. I thought I was done for the week, but now I want to watch the SPY after hours to see if it keeps selling. Usually when something like this happens the SPY goes to sleep, but I'll be keeping an eye on it anyway, out of curiosity...

So sunday into Monday could be very interesting.....there are now new stops below the Tuesday lows. I was disappointed they couldn't drive it up into a real retest of the highs, but one turn at a time, right?

Originally posted by jimkane

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

Jim,

I appreciate your concern. My wife and I finally moved to Denton, Texas. Today I got reconected to the internet in our new home. It looks like I missed some sweet ES down price action.



Al Kamego

I'm glad you are okay.

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