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I certainly ain't saying this bear market is over. Far from it. But there will always be a pocket of relief rallies along the way down. Why not get on board and make some money rather than get wed to any one direction? Look, we're already breaking higher in the Globex and retesting today's HOD...

Nah, it's because too many damn greedy people are hoarding USD, which has been pushed off the cliff.

BB sucks big time :D I can only say you should take time to learn PA properly.

But still, it was an impressive comeback from last night's plunge, not to mention it put a damper on the previous 4 day consecutive slide.

Stop is one thing, getting in at the right time is another. Get those two under your belt and you have yourself the holy grail of trading. But I'm sure you already know that. :)

It obviously depends on the momentum, but usually around 10 points for me (sometimes up to 25 points). Your 2 point stop is way too tight. In fact, that's even too tight in a dull bull market IMO. If wide stop is a concern for you, I suggest you trade MES.

"IT IS DIFFERENT THIS TIME". I can feel it. It ain't parabolic as the first one. We are walking up in a stair fashion. Stairway to heaven. God is on our side. :thumbsup:

We still have 2 hours to go. Let's hope they don't trash the party today. BTW relief rallies are actually good for the bears. They can short at higher prices with momentum behind their back.

We've formed a retarded looking cup & handle on the 5 minute chart. If we break above the handle, we should get a good thrust above HOD...up to my expected target of 3890. Fingers crossed.

Oh you devil, don't be a grinch! :D

And we're kicking higher... and my sweet lil' baby gets a new lease on life (well, for now) :) Ho Ho Ho, Merry Christmas!

Spot on, bro. I'm hoping for little more juice out of this baby. We should see a steady rise from here for the next day or two...is my guess.

I might as well post the chart. That's a beauty...

Yeah, I get that. But what's that got to do with US equity? I thought the inflation was already baked in to it. Anyway, I'd like to think (along with @vanzandt) this is a trap. We'll find out in a few hours.

Did you get my other memo yet? Expect 3890 in the near future.

I smell the big R. Oh, it's so intoxicating.

Uhm, I'll let you know in about 6 months. :D

That's in line with my own estimate of 3890. :)

That's the big if. Those Euro mofo's know how to rock the boat. And that's past my bedtime. Can't keep up these days, I'm getting too old. :banghead: