starting the topic a little early

All right, rat, I like to see people take the initiative.

pot sure gets to some interesting areas

The really curious thing is how many things I have seen hit equally interesting areas and bounce, and have now rolled over to the 'W2' retest point, and here they sit, looking incredibly weak. I wonder if they will all bounce up now, or if they will snap down to take out the areas, but only fake shorts in (and longs out), and then drive up and kill them. I think the obvious break down and drop hard is the least likely scenario. But we shall see. I would still like to see that low 30's area hit in the ES with no significant bounce on the way. Let the games begin.

I'm 'guessing' they want to run the futures up a little in here. Let's see.

Too funny. At 20:10 PM it hits a swing-high point, which repeats again at 20:11 PM. At 20:11 PM Jim posts. At 20:13 PM it again hits that high, and then sells off 4.75 points essentially straight down. Now, I'm not in any way saying my read was off because of what they did, but get serious, the second I post that because of how they made it look, they hit it hard. Point is, I'll stand right up and say that read was 100% dead wrong, but I won't leave it at that, they surely tried to make it look that way right before they hit it. They are very, very tricky.

BTW, I am not on the long side at all and am not looking, yet, at the long side. I am hoping for the flush move to the low 30's, or even just a take out of that recent low, but I suspected they were going to fight this to the upside tooth and nail, and they did a great job there at making it look like a run was starting off that double bottom.

Originally posted by jimkane

I'm 'guessing' they want to run the futures up a little in here. Let's see.

Notice the Euro chart, on say a 240-min all-sessions, or a daily. Look at all the 'lateral support' that everyone is talking about. If they don't come in soon, it's toast, I think. Spain, Italy, they are ready to be toasted over an open fire. Notice the near perfect correlation that happened on the big gun up day, from almost no Euro correlation back to strong 'risk on' Euro, crude, gold, ES, etc., correlation again. So, is this at an important area where something big could happen? I'd say so...

Anyway, watch this area starting here at 60.50 (put the bigger GZ on) in the ES, because, regardless of how they tricked me on my read last time, I still think they desperately want to try to run this up. All I'm saying is if I'm on the short side I am going to be very cautious. Perhaps I needn't worry at all, but I'm going to be very 'jumpy', because I trust 'em as far as I can toss 'em.

Just a .382 retracement here of the 'bull' market, based on my continuous contract data, brings the ES to 1131.75! Imagine that. No one can even conceive this could drop say 230 points from here, and that would only be to the .382! The .447 comes in at 1082.75. Now, those are the retracements I use to indicate a strong trend! Imagine the ES down 337 points off the top, and I'm saying it's still in a strong uptrend. That goes to show, to me, just how insane this run up has been. Meanwhile, I still dream of the day we see the ES at 400. But, it is not to be, I'm afraid...

That was my thought today, looking at how far down the simple .382 is

So, is that the higher low? Is it actually going to rise now? Or are they just trying to game me again? I think it will start to rise. I mean, they couldn't take it down, so they should take it up. We'll see.

Watch this mini GZ here. I just don't trust 'em...