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MarcinO
Rep: 67
Posts: 5,506
ES still in a decision area. So far it is still unclear whether the move down to 1818 was the whole correction or W1 / AB leg of a bigger pattern.
Structure of the last advance indicates that the latter is more likely to be true.

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es 2014 01 12 png
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MarcinO
Rep: 67
Posts: 5,506
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es 2014 01 16 png
RA
rat89
Rep: 0
Posts: 7,015
1.27 dbs setup....median line not quite hit though.....could still turn into a failed trade

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screen shot 2014 01 16 at 8 47 37 am png


posted spy yesterday....today iwm finally hit the 1.128

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screen shot 2014 01 15 at 3 13 58 pm png

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screen shot 2014 01 15 at 11 31 32 am png

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screen shot 2014 01 16 at 8 53 32 am png

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screen shot 2014 01 16 at 10 16 33 am png
MA
MarcinO
Rep: 67
Posts: 5,506
This move may be over at 43.

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es 2014 01 16 target png
JI
jimkane
Rep: 3,058
Posts: 33,089
roofer is just going nuts posting in the KT public area. Some interesting stuff, too.
JI
jimkane
Rep: 3,058
Posts: 33,089
Just exploding off this 1.000 ABCD to the tick.
RA
rat89
Rep: 0
Posts: 7,015
it is so predictable that they will do that into the close on opex thursday....so classic



Originally posted by jimkane

Just exploding off this 1.000 ABCD to the tick.
JI
jimkane
Rep: 3,058
Posts: 33,089
Then they give back the entire pop, and more. So silly. A lot of this stuff, I feel, is awesome for trading, but it's just soooooooooooo stoo-pid.
RA
rat89
Rep: 0
Posts: 7,015
the market only exists for trading now....and to take as much out every pocket as possible

Originally posted by jimkane

Then they give back the entire pop, and more. So silly. A lot of this stuff, I feel, is awesome for trading, but it's just soooooooooooo stoo-pid.
JI
jimkane
Rep: 3,058
Posts: 33,089
Ex-aaaaaaaact-ly.
JI
jimkane
Rep: 3,058
Posts: 33,089
A fun post as I wrap it up for today. How many pages is that O'Bummercare? The one my hero Pelosi said "We have to pass it to see what's in it"? Can you imagine a representative actually saying that? Passing bills without even knowing what's in them, so you can know what's in them? Wouldn't you just read them (you know, do your job as a legislator and actually read and debate the bill) and then you'd know? Why do you have to pass it to know? Anyway, here's a sample paragraph, to give you an idea of what's in there...

1) Subparagraph (B) of section 6724(d)(1) of the Internal Revenue Code of 1986 (relating to definitions), as amended by Section 1502, is amended by striking "or" at the end of clause (xxiii), by striking "and" at the end of clause (xxiv) and inserting "or" and by inserting after clause (xxiv) the following new clause: "(xxv) section 6056 (relating to returns relating to large employers required to report on health coverage)."

Good stuff, eh?
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, with the B point at the .300. Totally random, yeah, right. It was too much to ask for this to be a 'W3' into the close. But, I can at least dream...

Edited: Corrected 'A' point above to the correct 'B' point.