Just over 21 hours and change... I can't wait.

Now, if this downtrend is strong, then this 'should' only bounce to 20 or so, maybe low 20's. If the trend is not so strong, I think they will take it up higher than that.

They better pick this up on this small dip off of 10.25 or I'm going to suspect that may be it.

Next leg coming?

They sure look out of gas. Lots of chop. Can't say I don't like it. But a bigger bounce would open it up for more downside.

Well, they have sold it back down the all the TL's off the swings from earlier today. We'll see what they do from here. I'd say hopefully crush it, but I'm not sure how much more they can do without a better bounce. But, you never know. For example, something that would never happen, but if they simply stopped pumping stolen money into it, it would drop non-stop, no bounces, until say 400, in my opinion (my estimation of true 'fair value'). Actually, to get down there they'd have to withdraw all that they put in, too. But you get the idea, it could go way down under certain circumstances without a bounce.

Watch this TL here after so many attempts at that high area. If this gives way it may free it up to set a new low.

Here are my levels on the upside:

18-19

22.75-23.50

27.00-30.50 (hard to pin this one down any better this early on)

If this does start to make a move up, I think the odds are very high it will 'like' getting to the middle level. I need to see how it does this and how it acts to decide if I think it will continue on from there or check back off this level, and so on.

Remember, too, that there is a very short-term level I posted at 13.75-15.50, which, for me, is more about seeing what it does there than anything else. If that level, going into the next day here, capped this move, that would imply severe weakness to me. Lots of clues coming, but I'm going to sleep through them, so I'll have to see what decisions it has made in the overnight, and go from there. I've got nothing in me to pull an all-nighter...

Long, but really good:

http://www.zerohedge.com/news/vix-correlation-and-building-better-mousetrap

That's it for me, good night everyone.

I like the description of all the various ways to kill a mouse

Notice how 14.00 sent it down 10.75 points by my data, and the Battle Royale it is having once again, now at 14.75. I don't post these levels and comments for no reason. I think this time it will overcome the level. But, this thing is struggling to get off the floor...

Originally posted by jimkane

Here are my levels on the upside:

18-19

22.75-23.50

27.00-30.50 (hard to pin this one down any better this early on)

If this does start to make a move up, I think the odds are very high it will 'like' getting to the middle level. I need to see how it does this and how it acts to decide if I think it will continue on from there or check back off this level, and so on.

Remember, too, that there is a very short-term level I posted at 13.75-15.50, which, for me, is more about seeing what it does there than anything else. If that level, going into the next day here, capped this move, that would imply severe weakness to me. Lots of clues coming, but I'm going to sleep through them, so I'll have to see what decisions it has made in the overnight, and go from there. I've got nothing in me to pull an all-nighter...