Kickin' it off. Should be another crazy week. Each week seems crazier than the last, and not as crazy as the upcoming week will be...

ES triple bottom to the tick. Let's see what they do.

Okay, let's see if this little sweep is enough, or if we can get some real selling going.

Most likely that's it, all they wanted was the sweep.

Not to mention it's now deep into my key area.

Not that it matters, but remember 'The Player'? He just told me he's massively long off this area. He's not playing this for new all-time highs, just a snap pop. He did say he is super-wary, and ready to close out at a moments notice if it doesn't sustain from here. Just thought I'd pass that along.

I'm thinking this long is really going to pay off.

BTW, the Euro-slug just traded a 104 handle. But, I think it needs to bounce really, really badly, so I am wondering if we get the timed ES/Euro-slime bounce now like I mentioned last night.

Yep, this looks like a double-header ES/Euro-grunge. That Player...

Wow, did I read that Euro-crap dead right at exactly the right time. Look at that rocket pop. Woo-hoo!

Yes.

This is the key set on a medium term scale, I believe.

Nice work, rat. I think it's headed to that upper parallel area as the Euro winds down and ceases to exist, but likely not without some dips.

Originally posted by rat89

uup bigger picture - swing from 21.77 - 27.01 targeted 21.10 - 20.36 .... price went to 20.84, then bounced, taking three years to come back to key area where 21.77 - 27.01 = 1.128 a 21.10, and 20.84 - 23.14 = .886 at 21.10. Now you price is heading to the median line, where 27.01 - 20.84 = .886 at 26.31. Keep in mind this set is drawn in a way I would not on an index, crossing through the lower low in early 2011. Also keep in mind that the median line is the first target. Price could turn back, coil there, or slice through, and there are targets at 27.80, 28.68, 29.85, 30.82, and 33.18. The main takeaway is that this helps illustrate that none of these moves we see that seem so surprising really are.....they all make sense within the parameters of the bigger context

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