I have no life... I'm starting this topic early because I am sitting around, waiting for Sunday night GLOBEX and my world to begin again...

This is going to be quite curious in here. I don't get the impression this is anywhere near done. That may be a clue, they may be making it look that way. Or, it may want deeper into this area, or the next level. I have a lot of stuff starting to come in around 32 going up to say 37-38. It really gives me the impression it wants up there. I have to see how it acts going deeper into the posted area, but I want to go on record that I am dubious this area here will be it. If the higher level can't stop this, then the sky is the limit, in my opinion, 60's or 80's-90's, easily.

ES up over 30 today, up over 53 from the low at 62 I discussed repeatedly way in advance. Not bad. I'll take it.

I'm glad to see the Euro up about 300 pips off its low, it's such a valuable currency.

Bottom line is, it is in a super-key area, and did it with pure frenzy price action. There is a level or two directly over this area. The rubber meets the road in here. 'Now we see', as I like to say. I can't wait to see what they have in mind. It's the time for the 'bulls' to shine. Every blog is plastered with 'I told you so's'. Pride comes before a fall, as they say. Those bulls better be careful.

It's funny, too, the 'Tan' book today said the economy is recovering nicely, jobs are being created, things are really looking up (how stupid...). If so, there is no need for more QE. Without QE, no matter how great the economy or earnings are, the market 'should' fall tremendously of its own weight. It can't live without its daily injections of heroin (meth?), in my opinion. So, the market 'should' have dumped on the 'news'. Those 'bulls' better enjoy their moment in the sun. They may eat those 'I told you so's'.

1319... This thing is strong. Is that a clue?

Rollover for ES is Thursday.

Another Australian report they like. Aussie jumps another 74 pips almost instantaneously. Wait, it's up more now. Crude jumps, ES jumps, new high for the entire move. Same old, same old. Just 'stoo-pid'.

Getting ready for the next push up in the ES. Will it ever stop? I doubt it. Cah-ching. Cah-ching, cah-ching, cah-ching.

There it is!!!

BTW, with the rollover being at hand and eSignal doing such a poor job with their #F charts, my levels are going to be a bear to calculate. I'll keep working the June contract and trying to convert to Sept, and do some Sept work, too, and do the best I can. The precision won't be as good, though, given the huge gap (now about 6.25 points lower on Sept).

Loopy Jim. I need more sleep. Lots more sleep. I was just sitting, watching the news on TV, pondering my day with the markets, when it hit me I had been off by one cycle in identifying the ES contracts in my posts. I was saying Mar like it was the ending contract and June like it was the upcoming rollover contract, when I meant June and Sept, respectively.

No one called me on it (if you see something like this please post a comment so I can get it straightened out). I'm sure everyone knew what I meant, and the highs I mentioned, with their numbers, would have made it clear which contract I meant, but anyway, I fixed it in the posts where I saw it. I think I got them all, but if not, feel free to point it out to me.

When I was much (much) younger I was into motocross racing. Like all the major endeavors in my life, I do things 110% or not at all. I had a T-shirt back then that I still remember word for word what it said: We eat, sleep, ride, talk, breathe, dream, live and love motorcycles. I need a new shirt now that says: We eat, sleep, ride, talk, breathe, dream, live and love the markets. The 'ride' part is especially apropos. I thought of this because before I remembered my Faux Pas with the contract dates I was going to post:

Like I mentioned last week, I have no life outside the markets. Here I sit, on a Friday night, my better half sitting there probably wishing I'd come up with something for her and I to do, and all I can think about is how am I going to make it to Sunday at 3 PM?...