Starting it off.

"I see nothing but up, just like everyone in here, everyone out there, and all the pundits, too. And you have to figure how much that bothers me, to be on the same side of the boat as the suckers, see the boat all lopsided, and no one on the other side."

My use of (appropriate) thick sarcasm* to make points and hopefully teach some ideas...

Check.

Originally posted by jimkane

Okay, the layers above are obvious, the nearly flat (but slightly downsloping) SL, the swing-high there, the contract high, and then that old contract high at 34 (I'm not sure what that one means). I see no issues with any of those. Dragh-Queen will be yapping soon enough, and that should bring some action. I expect lots of potential games around each of these levels. If he disappoints, I think there is a tiny chance of some small selling, followed by a rapid expansion as 'they' get their marching orders to buy. I see nothing but up, just like everyone in here, everyone out there, and all the pundits, too. And you have to figure how much that bothers me, to be on the same side of the boat as the suckers, see the boat all lopsided, and no one on the other side. But, you have to do what you have to do, and just hope you are smart enough to jump off before you are too close to the falls and get swept over with the boat full of suckers. That's our job, such as it is...

* For those that can't see the sarcasm, or tell it from the non-sarcasm, note that I pointed out puts, and dates for accumulation. Note the comments made about the market being priced for perfection. Note the comments and article posted about Dragh-Queen disappointing. Note the comment about the TV pundit (you all know the context that I post those in) saying Dragh-Queen will outdo himself with more printing. Note the recent spate of articles about the sentiment/'fundamental' aspects of the market as it is positioned in here. Etc.

BTW, very nice posts, crew.

nice 62 point move off that double .886, huh guys? And I still hear traders out there questioning the use of fibs.

confirmed, rat.

I thought they'd sweep it out if this range to the downside first, then up. Now they are acting like upside. Upside period, or double stop sweep, up, down, then blast up?

ABCD to 70 and down?

they wanted more ;)

and now they got it.....all the way into where x marks the spot at .786

Turns out that's exactly what they did, it just took awhile do develop, and was a bit stronger in all three moves than I expected.

Originally posted by jimkane

I thought they'd sweep it out if this range to the downside first, then up. Now they are acting like upside. Upside period, or double stop sweep, up, down, then blast up?

The week is over, so there's no point to posted anything in the last few minutes, but I will anyway. I'm watching this 86.25 area here, but the better area is just below at 83-84. I never expect any selling on monster ramp days, especially when they are on a Friday.

Not seeing the expected follow through on the scalp. Sometimes patience is needed. I'd like to see this moving more in here, though. There isn't time to sit through a shakeout, and one shouldn't be needed if they want to close it on the high tick of the day.