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 weak this thing is. I mean, I love it, more than anyone can imagine, but it's so shocking to see. I expect the 'big bounce' to start any second, and the more time goes by, the more pleasantly surprised I am. I guess I just don't know how to handle being so happy...

I'm going to go way out on a limb and make a WAG, and say that that low there at 21.00 was it, the 'big bounce' is now going to start. Understand, I'm just playing around here, having fun, and posting this because under 'normal' circumstances this thing would be bouncing right here, and bouncing big.

What amazes me most is the across the board selling. Aussie, crude (almost at a 91 handle now), gold (fast approaching a 1400 handle), the Euro, they are just closing everything and getting into USD as fast as they can without causing a panic. All this because Greece might leave the Euro? We knew that literally years ago. Now they care and are worried about it?

So, soon there will be an announcement of some new program (probably a big 'relaxation' of the Greek debt), and the market will explode up. Maybe that's why I keep expecting the 'big bounce' any second. I just know the manipulators will do something big at some point. But, maybe not until it gets all the way down as low as they want. Anyway, get ready for my joke bottom to fail any second now...

Watch the Euro Jan low about 60 pips lower, that's a big one. The huge line in the sand for the manipulators is probably around 1.25. And the SNB is hard at work defending their 1.20 peg. Look at a chart of that, what a joke.

And no, I didn't pick 21 for the ES low at random...

I get why jim is talking about that first level..... spy 12843-12855 = .382/ 1.618




there's an interesting level in the 13211 - 13271 area too, short term

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