The ES stopped at 2007 doing a great job hitting stop loss orders.


A stronger resistance is between 32 and 44, I guess.


But before that, I would suppose a correction to low 70s.

Okay. You had me freakin' out there for a minute, thinking you just knew that one. The song is 'Lonely Teardrops' off the Mirrors album. It's particularly interesting because it was one of the few songs written by the keyboardist (now deceased). I have seen them live seven times, six when they were in their prime with the original lineup. Once was on the 'Black and Blue' tour with Black Sabbath, once with AC/DC, and once with Rush. If you like classic rock it doesn't get any better than that. I still have the ticket stubs...

Originally posted by MarcinO

Only knowing your favoritte band. I don't know the song.

Originally posted by jimkane

Okay, that's amazing. You must have remembered me saying that's my favorite band, right? No way you could get that. I'm not even sure anyone could find it via Guggle, it's one of their obscure songs...

Originally posted by MarcinO

I will make a shot without google. Blue Oyster Cult?

Originally posted by jimkane

I wouldn't mind one last little push to get deep into this area, but then I want the dyin' to commence. But, getting pile-driven monkey-hammered right from here would be great. That is, if it is even going to slow down... You never know until you know. (Okay, for you hard-core music fans, where is that line from? I'll give you a hint, they are my favorite band by a long ways. Ah, Guggle makes trivia too easy...)

Yes. But many traders see it play out, so they swear they won't miss it again. If I thought it had any reasonable chance to blow out, though, then that increases the 'expected value' perhaps just enough so that I might take it, depending on how nicely it set up and how 'on my game' I felt.

Originally posted by MarcinO

Sure, that would be a low probability trade.

I swear cable and crude are never going to stop rising.

Higher low in the ES. Here's its chance. Clue time. I still say selling pressure is likely mounting.

Yes, although cable has just hit some obvious line so it may be done for today, but one needs to wait for confirmation,

Originally posted by jimkane

I swear cable and crude are never going to stop rising.

It does have that look like they will grind it up, then once it clears the grinding action it will pop.

Okay, let's see if they just made it look that way. Is this the start of the 'W3' here, or the more likely shake before they pop it?

Perfect 1-min TL shakeout and ready to pop. Let's see if that's the game, or not. Myself, I'm waiting for the selling to start.

New high for the move. Pretty straighforward. 4.50. Now we see.

Originally posted by jimkane

Perfect 1-min TL shakeout and ready to pop. Let's see if that's the game, or not. Myself, I'm waiting for the selling to start.

Looks like some correction has just started.
100 pips down to 1.4170 would be nice.

Originally posted by MarcinO

Yes, although cable has just hit some obvious line so it may be done for today, but one needs to wait for confirmation,

Originally posted by jimkane

I swear cable and crude are never going to stop rising.

they put it exactly where they had to put it into the close, where (5)=(1) at 2022 spx and 202.77 spy