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...

Anyway, watch the little GZ here. But, perhaps I'm going to get my wish for another leg down.

And is that it now, off the GZ?

After enough game playing that deep GZ higher low looks like it. Rocket time.

I can't get over how weak this thing is! I love it, but it is surprising me. Every chance they have they've got nothing in the tank. A little pop, and it gets sold. What a change without all that Fed/gov money. Imagine where the S&P would be if this was a 100% free market!

I am just blown away by two things:

1) How weak this thing is after all this selling

2) How they keep defending this low

The overnight should be interesting, to put it mildly.

Look at these knuckleheads in the after-cash! Too funny. That was, perhaps, the most defenses of a low I have seen in I can't remember how long.

see the reaction to aa earnings? they could shoot this all the way back up for a retest at 14150 area

I got it 100% wrong - I though they would run it up into earning from a low this morning....they did the reverse

Originally posted by jimkane

Look at these knuckleheads in the after-cash! Too funny. That was, perhaps, the most defenses of a low I have seen in I can't remember how long.

Like I said, too funny. They are such knuckleheads. But, they are, in my opinion, idiotically predictable knuckleheads a lot of the time.

So, is the next stop a 'retest' of that last breakdown area? Into the 70's next, and then they can really get it moving to the downside? I would think, technically, this would be the soundest thing for it to do. Can't wait to see if it takes my advice. Imagine the bullish calls if that does happen. Not many people would have the stones to short it in the 70's if it rushed right up there. The bulls would be going nuts with their mouths, mark my words on that one.

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