Starting it off. I'll quote my last post from last week.
"Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.
Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history."
JI
jimkane
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Anyway, it's in the area. With no 'funny-munny' it wouldn't stand a chance here, technically.
JI
jimkane
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Yawn, wake me up when, well, when I'm dead, then I'll close my long out. No point to think about closing it out any sooner. Oh, there's another pump.
JI
jimkane
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So funny, a mini 3D into a super-key area. Think I'll add some more long side.
JI
jimkane
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Yawn, another pump. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
JI
jimkane
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Yawn, I've got nothing to contribute today. Just sitting here waiting for the next pump. No work for the trader today, just sit around and watch the profits grow. Ignore all potential resistance areas, since they are meaningless. The Fed's got your back.
JI
jimkane
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I love reading stuff that doesn't matter. Here's an example. At least it won't matter to the stock market, it has only one destiny, and that is way up. But, they are fun charts to look at anyway.
http://www.zerohedge.com/news/2014-10-28/has-never-happened-without-massive-bubble-bursting
http://www.zerohedge.com/news/2014-10-28/has-never-happened-without-massive-bubble-bursting
JI
jimkane
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Yawn, what a simply boring afternoon. Nothing to do but ride the long. No in and outs, no other trades, just get long and watch, all afternoon. Oh, and there's the new high for the move. Some surprise that is.