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.

I can't get over how they are just selling everything.

Crude a few pennies from a 92 handle!!!

Now let's see how high they gun the ES up. A quick bounce and roll, or will it now start moving up hard?

At least for now all I see is sellers in everything. Not a hint of a buyer even on the distant horizon. They are completely forsaking this thing, exactly according to the plan I laid out awhile back. That could change in less than one millisecond, but for now...

It's hard to say when 'they' might come in, as I'm 'trained' to fear them every time I even think about shorting, but that 1280's and 1260's areas I mentioned are now calling, no screaming, to this.

Amazing how they rolled it at the bear abcd earlier....

Phew! Wow! Exciting! Crazy! What insane action. I really hope they can bounce it from here, to potentially provide some additional great opportunities, and some sustain to the downside.

High was at 47, at 3:51, and it went down 21.50 points...

Posted-05/15/2012 : 03:43:33

Originally posted by jimkane

Okay, if this current area is overcome next there are scattered sub-areas between 46 and 48, so I'll say somewhere in there is what I'm watching next...

Posted-05/15/2012 : 04:05:35

Originally posted by jimkane

This so could be it. Reversal or good-sized checkback, we shall see.

this is exciting

This market can't get off the floor. There's the new low for the entire move. Although this needs a bounce real bad, I suspect it may go straight to one of those levels I mentioned, no rest, no bounce. Maybe not, but it's giving every clue that it may. We'll see if that's a trap to make it look that way, then they gun it up hard, but I think this time it's more likely for real and we close the week having hit either 1280-85 or 1260-65. Exciting stuff.

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