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.

Well, I'd say the bounce has started. I'd be amazed, on a Friday, the Friday that Facebook IPO's, if the market wasn't up big. We could see 20-30 off the low, right? I had my fun, but I'd be a fool not to be long on this, as long as it lasts, be that five more minutes, or five more days.

Quite the overnight moves...wow

what a perfect place for the fb ipo

this was the one we were waiting for.....thank you!

Nice charts, rat.

Well, it went up 17 off that low, right to a key line area with an overlap of a key .236, .300, .382, and .447 (among others), and rolled right down. Very weak, weaker than I thought it would be. But I love it.

Originally posted by jimkane

Well, I'd say the bounce has started. I'd be amazed, on a Friday, the Friday that Facebook IPO's, if the market wasn't up big. We could see 20-30 off the low, right? I had my fun, but I'd be a fool not to be long on this, as long as it lasts, be that five more minutes, or five more days.

Notice the big bounce from this AM was from the GZ. Also notice it just did a 2-tick move below that low, which triggered a bounce. Now we see if new lows are likely coming or if they will try to gun this up again. I suspect new lows.

I think we might see 80-85 today, if it has enough time. Otherwise, Sunday night.

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