I'll start the week with this:

This is surely worth noting, especially if you trade crude. But really, if you trade anything. Imagine if this happens during a trade (long on ES, short on treasuries, and particularly short on crude). Something to consider, as I think the case is very strong that it could happen.

http://slopeofhope.com/2012/10/opportune-october-offensive-evil-plan-910.html


P.S. Can you say $150, maybe $200 crude? Gasoline is pushing $6 at the pump in some places in CA I heard yesterday, so maybe it goes $10? $12? We are pushing $5 here in some areas, so maybe we see $10? Nice. I've been saying this for a long time, and it's been just waiting for the catalyst...

Notice how all the four, ES, GC, 6A, and CL, are now turning up? Let's see if there is any sustain...

ES is really exploding. I think it will sustain, it has that look.

Yes, this bearish ABCD here is under my watchful eye, of course.

Boy, that 6A is strong short-term.

I'm really tired, despite my 'I think I want to watch the European open tonight so I'd better take a long nap' approach. Regardless, look at that reaction right after the open, right off that ABCD. The power of those ABCD's at synergy never ceases to amaze me. Now let's see if this 46.50- 47.25 area reverses it, or if some real sellers are here.

There is a thick layer down until say 43, and after that, it could flush.

Okay, yeah, there is something 'big' around 40ish, too...

I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art