I'm starting a new weekly topic.

.942 and a measured move?

are they going to go for the upper line on dia?

rat, sorry, I have no idea. It's not a term or concept I use in my methodology, so I don't know. If I had to guess, I think 'joey-D' and others use the term to mean you expect a reaction at a price-time area, and if it doesn't do it it means the exact opposite will happen. I have seen the term used a lot with the Bradley model, and it was used to imply the curve 'inverted' and the opposite of what was expected will happen, the curve is then 'flipped over' to see what the new prediction is. But I can't speak for 'joey-D', so I'm not sure how he uses the term.

Originally posted by rat89

jim, when you get a chance later, would you explain for me the concept of an inversion, and what the clues would be?

1405-09 is the next general area I am watching. But, as I said, it's nothing but 'up'.

Hmmm, Carl Futia raised his upside target from that 1442 to 1475 'and higher', and in the next few weeks. Wow. Time to buy a slew of calls, eh?

thanks a lot jim

Okay, the ES has pulled back enough in here with this tiny pullback, it can now rocket up to new highs for the move from here. Normally I'd be sweating this one tick from the high checkback, thinking it could really sell, but that's not the world we live in. The world we live in is one where the market only goes up...

And lo and behold, they come in for it.

nice little corner they painted this into

Isn't it, though? I'd love to think it could roll down in here, but how can it, when every last person on earth is calling for lots more upside? It must go up, with all those people saying it will, right?

What a crazy finish. This market is just nuts. See everyone on Sunday.