Starting it off. I'm expecting another insane week, as we sit on the edge of the whole house of cards giving way. This year, and the next say five years, are still going to be remembered a thousand years from now, I believe.

ES on the move again, up 11.50 off the recent low. Lots of nice 'volatility' to work with.

This may not matter one bit, but it could profoundly change what we do. The 'markets' could slow to a total crawl if the big movers just start private trading between themselves, and cut out all the illegal momentum igniting algos. I say good riddance, but so goes our careers with them, I suspect, since there would be essentially no one at all left. Just a thought...

http://www.zerohedge.com/news/2015-01-19/end-hfts-and-price-discovery-americas-biggest-money-managers-launch-their-own-dark-p

Remember 'The Player'? I haven't heard from him for awhile. He just called me and said he bought like 650,000 contracts right in there. Let's see...

Anyway, 'The Player' got his objective, essentially, for that play. It was a nested cup and handle, seen well on say a 15-min zoomed out a bit, or a 60-min. That player sure is something.

Originally posted by jimkane

Remember 'The Player'? I haven't heard from him for awhile. He just called me and said he bought like 650,000 contracts right in there. Let's see...

And yes, that LOD with a 3D was a monster area, so I'm long side bias, for now. I am rather uncomfortable with this one, but not in the way where it is good to be uncomfortable, as that indicates it will probably play out. Uncomfortable in that I am not sure the overall selling pressure is gone. In fact, I think it is right there, ready and waiting.

Okay, I'm breathing a lot easier now.

I'm looking around 20-22, with some stuff around 16 on the way.

But watch this bearish ABCD at a KZ area here very, very closely.

yup. If I were the computer I would send it up to the upper line retest again into the ecb meeting. Notice how they pounced on it this morning and send it right down to the .618 and stopped it cold?

Same old, eh, rat? Thanks for posting, it's a little 'thin' in here lately with you and Marcin being busy.

It's now at an ABCD in a KZ. We'll see.