a cheery view of spx to start it off:

I'd like 83.50-84.00 as a minimum. The immediate .447 is at 84.84. But, if the sellers come back, it won't even see that.

C'mon, give it to me, baby.

It's a struggle for it to get any traction, but I still would like at least my 83.50-84.00.

If the sellers are still looking en masse then this 82.50 might be it.

C'mon, baby, get legs.

It's not something I weigh heavily, and I think it is about to be a moot point here, but I have a timing factor (a different kind of timing factor from the one I usually mention) that hits at this upcoming area right around the close (futures) or just after. This would imply a grind up into it. I doubt it will play out, but I wanted to mention it, because it is curious.

83.50... I've been doing this a looooooooooooooooong time.

That hits the backtest breakdown line to the tick, so I'm on 'red alert' from here on.

Okay, 84.00 has been hit. Now, if this takes off a bit, which I am not really seeing, then the next key area is around 88.75-90.50. On the way are some minor things around 85.50 and 87.50. But, this is a tough area, so it all depends on if this is a bounce, or if the sellers climaxed it.

Woo-hoo. I love it when a play goes 'cah-ching, cah-ching'. A clean move down, and a clear signal for back up. It doesn't get any better than this, in my opinion.

wow. amazing.

Originally posted by jimkane


Anyway, the anecdote: MyPivots, a monstrously famous and popular website, has had zero posts outside the KT private area for the entire month on November, a month I consider the trading to be 'as good as it gets', and 'as much as I could ever dare ask for' as far as trading action. What does that say about the depth of the market action, and what is going to happen when 'they', for whatever reason, turn the machines off, or can't turn them on for some reason? We all know the answer to that one...