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...

ES progressing nicely on its potential move to the 70's. Do the work, the area is clear. If it really wants to get going, and fool a lot of people (since the 70's area is an obvious one), it may get to the 80's and test the bottom of 'W1'. It could also fall shy of the 70's area and leave people behind as it rolls early. Once the various levels I have based on the tools get hit, I'll see how it acts. Most everyone is just waiting for the 'big' upside to resume, and 1442 to get hit (it's not just Carl that is looking for that level). What a surprise it would be if the down move resumes after a nice pop up.

ES 64 and rising... Not so far from those 70's now.

66, but coming in a bit. Recall what I said about them maybe not getting to the area to fool people. I think they will, but I'm on alert for the sellers.

bulls would like to see this negated...
http://stockcharts.com/h-sc/ui?s=SLV&p=15&yr=0&mn=0&dy=9&id=t58521518555&a=183608288&r=1334159823230&cmd=print

This looks ready to dump hard.

The key area has not been hit yet, but it did trade 70.50. Are they going to come in early to trick everyone, or pull it back and create a bearish ABCD into the area? These are things I am watching for.

As an aside, nat gas finally did something today I talked about a long time ago, and people thought I was nuts. It has finally traded a one handle! Nat gas is a buck and change. Recall when it was just under 16. This, with oil and gasoline, and all energy costs, so high. And nat gas is almost free.

One can talk all they want about so many new discoveries, LNG, and on and on, but if that was the reason for the price, wouldn't almost every car be converted now to nat gas so we can fill up at the pump for almost nothing, houses converted, many more gas-fired power plants, and so on? Yet nada. Nothing. Energy soars, and nat gas is almost to the point that they'll be paying you to take it. This makes zero sense to me. And on top of it they brag how nat gas is 'clean burning', too.

Watch the bullish ABCD here (1.000 at 62.75) at the .382/.447 area with multiple line convergence, for big clues.

Clue time right now.

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