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I keep buying every new low in QM last couple of weeks so this is a good longer term opportunity imo (building a long term position trade). Play the cycling of price in a range until it breakouts to the north again in the months or years ahead. :)

Hard to tell who held and for how long, but yes there was massive commercial sell inventory built up in November of 2007.......in the "pit" and ES contracts. :cool: I do not track COT data.....have never really looked at it before.

Paul, I have played the LONG side for scalping here a bit the last couple of days but when I trade normal sized positions I stay with the overall trend (DOWN).....and I much prefer to hold short positions in the AH session in this environment. :) Stops adjust according to the type of...

Nice.....708.00's filled just seconds before the :15 CME close! :) Last 33% on with no targets for the ride in the AH session tonight.

THNX! DAMN what a nice drop......will take more off at 708.00 if we get it here near the close or into AH session........15 point target so if this level is filled I will have last 33% of position on for any additional selling going forward. :)

713.00's filled.....ten point target.......that is it for me and I am holding last 50% into AH.......will cover according to price action if we get additional selling tonight. :) Looks as if sellers wanted higher pricing levels to re-enter the market short again today.........not uncommon in...

Once you can understand the Auction Market Process and then be able to "read" initiated buying or selling it will make sense to most imo. :) That understanding will create some logic to the price action you see each day.

Targets at 717.00 filled.....so last resting targets I have for the day are at 713.00. I will hold the remaining 50% of position into AH session after any 713.00 fills to see what we get going forward. :)

Small pockets on the way up today (like 704's/705's).........most significant area is still the 685's and below from the AH session after the GOOG info was released. The most important area above that is around 698's/699's level. :)

Targets at 720.00 now filled.........next targets set for 717.00 and then 713.00.....will have 50% of position remaining after any fill of the 713.00 level.......will hold these into the AH session. :)

Covered all 722.00 entries and some 723.00 entries at 720.00.....re-sold additional 723.00's on second rotation up.....set new targets at 720.00 and then 717.00.....will keep working this area until the close. :)

OK....this is too good to pass up.....we are trading into the next delta zone and I have fills at 722.00 and 723.00, I will take first covers at 720.00 and then next out at 718.00 .....nice move to the next delta zone of resting inventory. :)

Selling 715's brought a sell respone down to 711 area so that was good for a few points. Next rotation up here has now taken out the top of the delta zone of 715's (with stops up to 717's).....so market could rally to next zone of resting inventory above going forward. :) The 721's to 724's...

900....cool....better area to RESELL the market.....LOL! JK....LOL! :D

Well 704.00 targets got missed by a tick so I bailed on those last few contracts with the price rally after the news release. Selling the 715.00's should be the next part of the delta zone to sell.....that area should work for a decent set up. Well that is it for me today.....good fortunes...

707.00 level filled......last target at 704.00 :) Also, watch 698's today.....that area needs to hold today imo for this consolidation attempt to having any significance. :)

709.50's filled.....have set final targets at 707.00 and 704.00 for the day.......that is enough scalping for one day. :)

Pulled last 713.50 sells at 713.00 on the rebound.......have now sold 714.00's and will take covers at 712.00 then 709.50.......the last 33% I will hold and see what we get. :)

Position now filled at 710.50 and 710.00......next target at 708.50 :)

Targets at 709.50 were filled and price has rebounded back to the high......Sold 713.00 and 713.50, will place target for all 713.00 entries at 712.00 and then hold all 713.50 covers for a first target at 710.50.....then next target at 708.50......will hold the last 33% of the position for any...