Kickin' it off.

Algos gone wild!

http://www.zerohedge.com/news/2016-03-02/panic-buying-sends-wti-crude-35-after-dismal-doe-data

The green set ML is amazing.

Originally posted by rat89

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I'd really like to see around 60 on this drop here, but I think it's most likely done, and ready to sweep back up again. But, it has good cushion, so one can afford to wait on some and see.

this move off 1891 has done its job for sure. nobody is bearish anymore. everyone is looking at higher areas, and complacency has set in. perfect time for major 2 to end somewhere in here and send it much lower. they wouldn't do that, would they?

Like I said...

Originally posted by jimkane

I'd really like to see around 60 on this drop here, but I think it's most likely done, and ready to sweep back up again. But, it has good cushion, so one can afford to wait on some and see.

It sure is set up perfectly for it. But, I guess I'm just as bad as the plain sucker in this case, because I can't see it. In 'the old days' I'd be almost 100% sure it would unfold in the prescribed manner, but nowadays they can manipulate to such a great extent... When they do, many times the suckers are 'right' for a lot longer than in 'the old days', before they are slaughtered.

Originally posted by rat89

this move off 1891 has done its job for sure. nobody is bearish anymore. everyone is looking at higher areas, and complacency has set in. perfect time for major 2 to end somewhere in here and send it much lower. they wouldn't do that, would they?

Time to pop up out of this 2.25 point range.

Okay, there's the sweep down, now it's free to explode up.

Now we see if that was just a sweep up, or the start of something. Might just be the algos got bored and decided to sweep it both ways. I think up now is more likely.

Well, that was a great trading week in my opinion. It was a lot different posting during the RTH, that's for sure. I remember now, for the umpteenth time, why I don't do it, especially in the first two hours. I still can't stop myself from over-posting like I was running a live chat service. But, for now, I plan to try and do some more of it next week. Hopefully, I'll be able to temper it a little, but probably not.