Starting it off.
Next couple of weeks may turn out to be hard for me to post apart from two maybe three hours before the cash market close. I hope to come back to my usual forum activity soon.

Anyway, I couldn't resist, and I added another 300,000 contracts on that dip. I believe my position is now 800,000 contracts (yes, again, this is a joke).

Cah-ching, cah-ching, cah-ching coming...

tna is one crazy mother

continuation pattern in a downtrend familiar to anyone studying jim's work:


NO WAY!


WAY!!




turn this crazy bird around
i shouldn't have gone this flight tonight....

High 52.75 so far. First area hit. Cah-ching. I'm pondering scaling some of my 500,000 contracts (again, yes, this is a joke).

Originally posted by jimkane

So, is that the lower degree 'W2' higher low there? Ready for the European session overnight run up? If this got going I'm thinking it may bounce as high as mid to upper-70's. If they just don't have the juice then perhaps 53ish or 58.50-59.75. Keep in mind there is a nice .447 at 63. It depends on how fast it gets there (I'm not saying this must happen by tomorrow (or will even happen at all)), so I can see how the lines come in to the Fib levels. Do the work and you'll have an idea where to look. I'll say one more time, though, it won't break my heart if they pound it down more before they bounce it. I'm just not expecting it.

Cah-chinged a good chunk up in here as it started to react, holding some to see if it has more or not. Took 200,000 off (yes, again, this is a joke).

It would be so cool if all it could do was hit my first area. But, after such a drop, I'd think chop would be in order, so staying in the range down here would be very 'expected'.

Die, pig, die!!!

I am just playing around. I'm still long 300,000 contracts, but I just hate this pig so much... (Yes, the 300,000 contracts is a joke.)

Next leg for the next level? Might be.

I see no issues with new all-time highs soon. How those 300,000 contracts looking now (yes, this is a joke)? I knew as soon as one 'guru' was saying we are heading down a bit further, and another was talking way, way down (after being a monster perma-bull, he got flipped so fast by the action he got real bold near the lows), I was certain we'd be headed up big any time there. I am now waiting for them to flip back in their calls, and go on about how this was a failed breakdown, so the 'bull' is about to explode in the breakout of the century. That has me wondering if we perhaps won't make the new highs. I have to see when they flip back to gauge that sentiment. In other words, I use them to give the me the precise point where they are the most wrong they can be.

As an aside, be very, very watchful right in here, this is big.