If they want to announce the end of the correction they have a nice spot at .382.

Nice chartwork, crew.

Watch this 16.75 here for clues. Let's see if this 'risk off' move in everything (look at CL, GC, 6A, etc.) is done in here.

Nice snap up reaction off of 16.50. Now we see.

This 20.25 area should tell us the tale. If this were going to go down, I'd think they'd hit it off that. I don't see it...

And I find the area once again. CL, GC, 6A et al all moving up with the ES. 'Risk on'. 'Too easy'. Same old, same old.

Originally posted by jimkane

Nice snap up reaction off of 16.50. Now we see.

ABCD the next step. 1.000 is at 33.25. Will that send it down? I don't know how this will go back down, the way sentiment is forming for the bull side. The next level for me is around 57.50, and then low 80's to 90ish. This is just the general overview, so everyone can start to do their own workups. I may refine this, perhaps quite a bit, as this develops.

There really is a lot, too, in the lower to mid-40's, so I'm working that area up.

Yeah, it makes sense it would shoot for let's say 43 (plus or minus, I'm too tired to post the full area) by tomorrow. But, that would be an interesting way to leave it for a long holiday weekend. They would want to gun it up in the Sunday night GLOBEX/Monday, so why leave it at a key area. Sure, it could blow that out to the upside, but it would have to do that with no rest after a rocket run up.

Maybe they drop it down into Sunday night and then that gives it the base to explode up over the key area to the next intermediate level. Just some thoughts. Maybe none of this happens. But, they are acting like they really want to gun this up big. Don't get me wrong, this is a spectacular move, the long side setup was very clear, this is fantastic action. I couldn't be happier.

Okay, ABCD fully hit. Good luck with that one, bears. Too funny. I wouldn't short this here, right now, with your money if you promised me all the profits, you'd pay my taxes for me, and cover all the losses. That sounds like a no lose for me, and still I wouldn't short it. Thanks, but no thanks. If I miss that one, I'm fine with that. It would take more than a team of wild horses to drag me off the long side bias right now. (Keep in mind, though, it wouldn't take much as far as certain technical price action to change my mind, but until I see that, I'm a monster bull right now.)

Given the upcoming holiday and the insane, monster price action right now I am debating on pulling an all-nighter and trying to stay with this until I collapse. At the least I plan to sleep on my keyboard when I can't stay awake any more. This is just too incredible to sleep through.

Asleep at the switch (keyboard). Actually, asleep on and off, but I was just too hammered to look at the forum anymore.

Originally posted by rat89

You still awake, jim?