I couldn't post last week but at least I can open a new topic

New high for the move today into the futures close. I think it is now in 'up' mode.

Futures open 'up' and start to rise rapidly. Cool. Another great read, I think. Who knows if there will be any sustain. But, regardless, it was an easy read, in my opinion, at that LOD.

10 AM EST ISM Mfg Index Meeting. Got to pay attention to those meeting times! Quite a reversal.

Al Kamego

Like I said... It was quite a clear area by the KT methodology.

Originally posted by jimkane

Futures open 'up' and start to rise rapidly. Cool. Another great read, I think. Who knows if there will be any sustain. But, regardless, it was an easy read, in my opinion, at that LOD.

Originally posted by jimkane

New high for the move today into the futures close. I think it is now in 'up' mode.

Okay, I'm 'guessing' the ES will explode right up from here and start ramping again, wanting to take out the HOD. I don't think it will get over that high in this last hour, but you never know. It likely will chop around and then head up and over into the European session. Under 'normal' circumstances, especially since the HOD was dead on my key area, it would have some 'profit taking'. In this market, I can't really see that. We'll see. It sure needs to come back in a bit, but when it's all manipulation, one has to adapt to certain behaviors, I think. Understand, too, I am not 'predicting' here at all, only saying what I think are the most likely behaviors based on how it has been acting lately.

This is it, deep into the area. Do or die. Now we see what the machines do...

Understand, I'd prefer it drops lower to give some better setups. But if they are going to keep it insane strong, this is the key spot I'm watching.

I posted this a long, long time ago, and I don't think anyone got it. Maybe today they will. The reference is to the Terminator movie series.

"And on March 6, 2009, SkyNet became sentient..."

I'm not trying to sound arrogant or condescending, but if you don't get this, you have no business trading. Let me explain. I'll refer to something I heard Larry McMillan say. I'll paraphrase.

'You need to know how to offset a futures position in the options market, to do a synthetic long or short. If you don't know how to do this, stop trading futures until you do.'

Now Jim's adaptation to this:

'If you don't know what that statement about SkyNet means, stop trading until you do understand what it means.'

Look at gold lately on a 1-min chart. Look at all those monster drops. That is insane, and in my opinion, 100% pure manipulation. Look at today's ramp. Look at crude lately, again on a 1-min chart. Give me a break.

Okay, there's the break below the key area. Now, watch to see if this means they are dumping, or if it will be a snap trap fake below and then the machines come back in hard.

Watch very closely for the latter.

I just followed him





remember when the teacher would say "if albert jumped off the empire state building, would you do that too?"