Here you go. I have no charts yet.

Al Kamego

From the King Arthur legend, when Excalibur got broken:

'You've broken that which can not be broken... Hope... is broken...'

Three stinking points pullback is all it could do...

Originally posted by jimkane

Nah, they'll probably gun it up and over right into the close, or right after cash close.

Okay, let's start talking. Let's talk about new highs for the 'bull' coming...

Originally posted by jimkane

So, let's start talking about the 26-28 area, as I can't see this TL and area holding. This would take out those two previous key swing-highs. But, first things first, it does have to prove itself here, and if it wasn't for the 'no sells into the close 99% of the time' (not an actual stat, of course) rule, I'd think this would cause it some trouble.

Just another day of find the buy spot, hold for the rest of the session. For all you newer to short-term trading, please understand, this is so not how trading is over time. Enjoy it now, it's super 'easy' trading, but know it won't last.

Okay, I'm done rambling. See you at new 'bulls#%&' market highs soon. 30-32 seems like an area, then 70-80. Forget that 1546 nonsense everyone is talking about. Yes, I skipped timeframes, and I'm just playing around. But do the work, you should see some things.

So, and understand this is all just my opinion, how I think it works, here's what I think 'they' did. Notice right at noon exactly 'they' stop with the chop (look at the early AM on a 1-min) and start this program machine created drop. 'They' already know 'they' are going to buy big time. So 'they' manipulate it down quite easily, at little relative cost. How? Easy, 'they' control everything, every tick of the market (in my opinion).

Notice the tight, linear channel 'they' take it down in. Then, when 'they' have prices at a better level, 'they' start to buy. 'They' accumulate most or all of what 'they' want at a price below where 'they' started to move it down. Now 'they' start their 'quote stuffing' and other techniques which can actually move a market up without any actual buying, and so on. Together with whatever suckers are still in the game jumping on, it rises until the close (and will very, very likely continue until the new highs), and 'they' are not only way up, 'they' are up from much better prices than if 'they' just started the game at the prevailing price.

But, 'they' will deny any of this happens, and even if 'they' said, on TV straight up 'Yeah, Jim is exactly right, it's exactly like that. And we'll do it again tomorrow, and the next day...' no one would go to jail, and not one single regulator would lift a finger to stop them, or even warn them. Not one single big player had served a day in jail since the start of the entire financial crisis. Same old, same old.

And as traders, as long as we understand the machine game, I think we can potentially thrive, but it is maddening to see how corrupt they are. I mean, their money has to come from somewhere, and in the end, it can only come from our pockets. Trillions of it...






Chart created on QCharts, courtesy eSignal

Woo-hoo, the ES just dropped two ticks. Is that the start of something?

Nope, just made the two ticks back...

Imagine the effect on the Average Joe if the CRB catches up. And then the market really takes off like some analysts say, and the CRB keeps pace. Joe isn't in the market, he has no savings, and the CRB just keeps going up for him, but his wages don't keep pace... Ouch.

http://www.zerohedge.com/news/2013-03-04/world-no-longer-needs-raw-materials-grow

Yeah, Marcin and rat are crankin' out the charts. Good stuff, guys.