Jim must be very, very happy, because the futures opened... down. Just three points now from the low for the entire move down. Can't imagine they won't try for that. It should bring on a nice flush down, but nowadays they may defend it, or guard against a big stop run, who knows. I still think they may gun this up at some point, but maybe not. I just know I'm not marrying any positions the way they like to come in.

Suh-weeeeeeet, so far. Crude selling nicely, too.

Crude back to a 91 handle, and 18 cents from a new low for the entire move.

Bounces starting. Let's see if they are real, or Memorex. 1297.50 is worth watching. C'mon, sellers.

Crude and gold bounces quickly reversed and new lows set. C'mon, ES.

There it is!

Let's see if 95.50 draws a real bounce. CL did set a new low for the entire move, and gold took a nice little dump.

Another dump. This is just so sweet. We could actually see my first big level soon. It's only 9 points away. An area almost no one thought was even possible. Isn't this supposed to be going up to new highs? I wonder how many bulls will declare a downside breakout? You know, the bulls that called every scenario exactly like this to the upside an 'upside breakout'. Now we'll see their true colors, the colors of 'bias'. I wonder where they'd all be now if the manipulators didn't steal our savings and condemn our children and grandchildren to debtors hell forever so they could pump up the market? We all know the answer to that one...

Wheeeeeeeeeeeeee! This is awesome.

Now, look at the ES, then crude, then gold, and then, too a lesser extent, the Aussie, on say 3-min charts. Notice anything about that big bounce? Nah, they aren't correlated at all. Nah, they buy things based on relative value metrics and such, right? Those days are long gone. It's 'Spend the money from the Fed on everything at the same exact time' or 'Run away!' That's all there is to all markets of every kind nowadays.

I'm not saying that makes things untradeable, quite to the contrary I feel, only that it's plain stoo-pid, and all the program-writing and trading lemmings are just about as smart as a box of rocks.

Hey, I just realized I crossed 15,000 posts a few posts back. Wow.