Just over three hours... I can't wait. Got lots of ideas of what may happen.

Watch this 30 closely.

Then watch 27.75-28.25.

Somewhere in here... Or it's dead meat. Toast.

You take this:



and this:



and what do you get?

Brain damage.

Now, in all sincerity, this is the .447 area, and many things come together with that (including an EXP ABCD). This may be the very dip I mentioned earlier, right off the key area I said it was expected to come back in off of. So, I would not be shocked at all if it now started up to the next area. Sure, I would greatly prefer that it fails right off the dam, but I may be asking for too much. I think my time will come. Whether it comes off this level or not doesn't much matter in the long run. Upper and lower 1100's are calling to this thing. Maybe the bottom is in, who knows. That doesn't stop those 1100's from calling at this thing like a siren song.

It's coming off that area strong.

And then it just stops...

and what an interesting place to stop too

Originally posted by jimkane

And then it just stops...

Okay, this is rising right up into the bearish ABCD zone at a super-key line, and at the top of the hour is the Chinese GDP and several other reports. These big Chinese reports can really move the market. I'm not pointing out the bearish ABCD because I necessarily think it will play out, but because if it doesn't overcome that by report time it could, possibly, be the technical factor that the news uses to send it down. My expectations are for a fake number and it blasts off over the HOD. But the bearish 'W2' is really setting up here...

Hit that HOD to the tick and backed off four points in an ABCD. But the reaction off that has been muted. Funny, the bias is a grind up, but it keeps coming back in.

Ridiculous, pathetic market. 37 minutes of action, and then over six hours of nothing. Sure, it was a grind/ride until close, but what fun is that? Sure, if one was long he or she may have had around five more points potential riding for over six hours, but a pay rate of less than a point per hour is pretty pathetic. Lots of risk exposure, and very little gain. But, mostly just crazy boring.

They blow their whole wad in a half hour. Idiots. Just plain idiots. As you can tell, even though I am of the opinion that all this craziness still seems to follow the tenets of the methodology, it doesn't mean I don't get quite upset when they are just so stoo-pid all the time. Okay, see everyone Sunday night, where I expect, as usual, drum roll, please... a gap up. Long live the bull, and his partner in crime, the ram.