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Friday in the summer.

Hope Pek can post, because he might see something I don't Maybe you see something completely different, I am only assuming that even if you referenced November high, that you are trying to see some sort of double top formation. IMHO, I think you'd do better to assume weekly High...

hey, ammo, coincidence? look at the Prices on the daily chart of the SPX included in the quotation you posted. cue Twilight Zone theme.

Pek's dragon http://www.elitetrader.com/vb/showthread.php?threadid=154290

TC is Top Cat, the greatest trader in the history of the market. http://video.google.com/videosearch?hl=en&q=TC+top+cat&um=1&ie=UTF-8&ei=o_caSsrTJcWJtgfFodnaDA&sa=X&oi=video_result_group&resnum=4&ct=title#

What's with the EURUSD?

trackstar, I can't really see the chart very well. can you please just tell me - what length of bar you're using - first date (on left side of chart) - whether price is 24 hour or RTH only thx

thanks for the explanation, L.C. rumors of your encampment in the realm of dementia have been greatly exaggerated (and wrong) thx

I understand. there have been too many times in my life when I've BOT BOT BOT when I really should have SOLD SOLD SOLD. :eek:

I guess if you disregard the 150 pt DJIA decline? I'm looking at my notes from Pekelo's ADU (ALL DAY UP?) page and seeing, "DJIA gains more than 50pts in first 10min, if up 70-80 points by 9:45 good chance for ADU, another top around 10:00am, then a pullback" (of only a portion of the...

ADU time-line?

Sell in May, and walk away. FWIW, I saw someone on TV claim that the rule does not necessarily work in Mays that follow down NOV-DEC-JAN

Thanks

Brendan R , has there been any news over there to cause this rapid lift in the ES?

Does this mean I should disregard the R10 short at 881.25?

I thought the same thing at the last announcement day, what the hell can they do, well... they came up with whole new bag of freshly printed money to monetize the debt and the ES gained like 25 points in 40 minutes

at this site you can view previous FOMC days. http://www.mypivots.com/articles/articles.aspx?artnum=11 last 2 announcement days have seen close above open, then down on the following trade day.

Yes, I was referring to the big one, on the weekly. I agree, a move back to something below 823 can easily unfold and still retain integrity of the formation.

why can't price be interpreted as making a protracted right shoulder of an IHS?

Don't know whether it matters, there is a FEB Case-Schiller Home Price index due for release 10:00. consensus is for -18.8%