Starting it off.

I keep trying to think how do do something with the KT project. It's so 'dead' right now, it gets to be a weight around my neck. The 'carrying costs' are the same whether it's dead or poppin', so when it's dead it seems such a waste. But, the trading world, for private traders, seems pretty much non-existent. I'm thinking, then, that any attempt to do anything with the project is totally futile. It still seems like some places have some following, but I guess, in reality, those are just a group of people, probably making money in some other fashion, or who have money and don't work, and like to play at trading, and they just gather there. They aren't people who want to learn to trade full-time by developing world-class skills via hard, hard work (like neurosurgeons, professional athletes, etc.).

I'm afraid I'm a dinosaur, the last top of the line chariot wheel maker... It really sucks to know what I know, and have a crew of a few, and most of those haven't seen any of the new stuff. I'd think, with the skills I have, I'd have ten or twenty really wealthy, driven individuals who migrated to my area just to be able to have face time with me, and we all meet and discuss this stuff regularly. When I was younger I was willing to move anywhere in the country for a job (and I did, when I finally got an offer in the field I so desperately wanted to work in), and I wanted to even take a job overseas. Back then, if there was someone in that field who had skills like I do, and they would work with me in person indefinitely, I would have moved in a blink. Be part of a team, a club, of traders working on cutting edge stuff as it is developed. But, in a world of about seven billion people, no such interested persons exist...

The area here is just too strong for it...

Wow, that grind down hit a line intersection on the 1-min/5-min, both price and time, and did that reflex pop off there. Very amazing stuff.

So, it was a cool 'technical bounce from an oversold condition' to use a talking head buzzphrase, but as I said, it was labored, and up against the very first area, and it struggled. Very tradeable action, in my opinion.

ES rising again (hard), after that vicious 1-min shakeout. It does seem to be set up nicely for Sunday open. We shall see. I'll be watching the little mini session at 1:30 PM, given this was exploding into the futures close there. Normally the mini session opens a little down and just sits, but today, it may pop up and take out the local high there.