Recent content by MadSpeculator

According to my read: The prints are validating the down move. I went back to Jun 09 and re-rolled the tape. There was a complete failure of longs above the 52.50 level. I completely missed that ... may be 'cos I was out on vaca. Then today, the shorts re-confirmed the down move [defended the...

Jeezzzz man! Am I reading this right? Short Entry at 1948.50; SL 1500.00; and TGT 1942.00? To me, based on the action today, the longs have once again seized control. If 48.50 holds tomorrow early in RTH, I would expect new highs. But, again, what do I know!

Looks like "window dressing" to me: Friday .... dramatic move after cash close! Let see what Monday has for us! All the best!

But it is not "strong" from an orderflow sense though. There is no assertive buying that is going on -- which, in my opinion, indicates lack of strength. It is almost like someone is supporting the market. For example, off the bat at RTH open in ES, buyers failed to bite at critical levels...

Regular Trading Hours; 8:30 CST for ES.

Tomorrow for ES: Expecting a lower RTH open followed by a test of 39.25. If it holds expecting a sell-off. All the best!

OTCkrak: I understand a lot of people look at fundamentals. I used to work at a prop. desk of a major player (pre. tarp) where the desk's mandate was to take short-term positions to "hedge" the fundamental plays of the economists in the bank. So, I look at the market in a different light...

The buyers are aware that the buying is weak. The sellers haven't showed up yet, but I expect them to show up. If they do, this could be the high you were talking about for the last 'n' days. All the best!

Cool: There is weakness in the background. Just be attuned to that.

Thank you for watching the "show", ladies and gents!

One has to wait for the "show" to end before leaving. Otherwise, it is considered rude! Also, the show's climax is the best part! :) All the best!

According to my read, the morning test of yesterday's test point failed to bring in buyers. From there on the "show" began! All the best!

cool: We were talking about "window dressing" yesterday. Watch the show today! :) [edit: It has already begun] All the best!

I trade intra-day; I don't carry overnight positions.

Someone mentioned here that markets are good "stop hunters"; just be aware that markets are good "ego hunters" too. All the best!