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've fallen... and I can't get up...

Boy, that trip to 1442 sure is labored.

Now, on the downside (what's that?) my next key area is in the low to mid 50's. If this can actually go down at all I'll refine that as we get closer, if need be.

What can I say?

Originally posted by jimkane

Originally posted by jimkane

Hmmm, ES looks like it wants to roll over off this 82.75 area. That seems odd. I thought it was all about smokin' to the upside in this awesome 'bull' market?

Watch the GZ here, as the aftermarket winds down. What a place to close it.

What kinda smile is bigger than an ear to ear grin? That's what's on my face. Man, do I love when this pig sells...

Now, everyone, please, please tell me you understand the sarcasm I used today, when and where I applied it, and why. Why I posted the areas I did (how did I find the rollover area, why did I mention the higher area than that, why was that area too obvious, what did it have to do to get there, why was that less likely, and so on), and made the comments I did. It was all with a purpose. Try to understand what I was attemping to convey here.

Jim is so odd in how he teaches. This is a follow up to the last post. If you don't know why I am posting this, you understand nothing of what I do, or how I teach. The last line is the 'point'. Recall that Master Po is blind.

Master Po: [after easily defeating the boy in combat] Ha, ha, never assume because a man has no eyes he cannot see. Close your eyes. What do you hear?

Young Caine: I hear the water, I hear the birds.

Master Po: Do you hear your own heartbeat?

Young Caine: No.

Master Po: Do you hear the grasshopper that is at your feet?

Young Caine: [looking down and seeing the insect] Old man, how is it that you hear these things?

Master Po: Young man, how is it that you do not?


From the TV series Kung Fu

http://www.imdb.com/title/tt0068823/quotes

http://www.youtube.com/watch?v=WCyJRXvPNRo

Understand, this is the next key intermediate-term area I am watching. The move off the HOD today may be a short-term move, to the GZ and TL and done, or it may be the first thrust for the next intermediate-term move. We are now at a possible 'W2' area, and it will be giving us an answer soon, I suspect. What's the 'context' say? What was your premise off 82.75?

Originally posted by jimkane

Now, on the downside (what's that?) my next key area is in the low to mid 50's. If this can actually go down at all I'll refine that as we get closer, if need be.

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