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Funny you say this. I'm in a similar situation and probably about to get flat. I have a failed weekly, and a confirmed daily a down. That said, as I look around, I see a lot of bounces. I think we're at an inflection point of some type. I have a mess of levels, daily/weekly/monthly all...

Failed the weekly too, (I was white-knuckling that trade for a bit this morning)

You could be right. Joe T entered the TBT yesterday and Fish always says he's not the best at picking his spots. I was in the TBT trade last week, (got stopped out) and Doug Kass has been trying to pick a top for about three weeks in the TLT. I think you might have something there.

Meh, maybe not?

S&P's a weekly failed A up, and looking like a monthly failed A too.

Yeah, but are we crapping out?

Wow guys, what a move in the indicies, from the A down, to and through the A up intra-day. Nice little trade there. Now I'm keeping an eye on the weekly level. Do we confirm, or fail?

Failed A down intra-day in the S&P

Something nice about the 30 day line, (at least that I've noticed thus far) is that it's kind of a safety tell. You'd have to see some major selling in those names to see a significant drop, (depending on your time frame). So I look at the 30 day line as not so much an indicator of what's...

-30 day number line update- Some notables: XLI - 14 XLY - 18 XLF - 22 XLB - 15 Remember, this is very different from the monthly number line. As far as monthlies go, I like the XLE and XLY best for the month of Feb, (so far).

Super bowl hang-overs? As a Pats fan, I know I'm drinking coffee by the gallon today...

Yeah, re-tweeted that one from Joe myself. Good one there. Also, we should direct newbies on this thread to your last post. Nice summary of the 700+ pages in a few short paragraphs. Thanks Mav!

Broken record time: F - relatively lousy this week on a "miss" regarding monthly sales. Set up a nice situation where the out-performer began to under-perform. Look at today's action. While the indicies gaped, F actually made the move during the market session as it had to "catch-up."...

Front ran this move off the Fed announcement last week. While ZB moved initially, it came off hard Wednesday afternoon. At the exact same time the TBT made a failed weekly A down. Maybe today's move was finally the event necessary to get the short bonds trade moving? Who knows, but that...

Nice pull-back intra-day in SLV. Right to the bottom of the OR. Did you buy the F***ing dip?

Two consecutive failed A downs in F too today. I agree, seems like a grind sideways for now. I've been noticing that weakness in FCX too. I'm keeping an eye on it for now.

Nah, I don't like doing much Thursday/Friday, (just managing positions typically). I'm doing some work on both though, and will be on the look out for an entry. I haven't kept up with the metal number line, so I just want to knock that out today/tomorrow before I jump in. Both look decent...

Heck, I love a good opening bar, beats the heck out of one that's closed! How you supposed to order a beer at a closed bar?!?!

Yeah, I was thinking that 20+ was a little ridiculous. I suppose it gives you a sense of what's "been" happening, but I see the value in knowing what "is" happening obviously too. I think I like your concept of starting at zero each month, and I'm planning to track both going forward.

Well, that's what I get for not updating my number line yesterday! Shan asked me earlier if I was looking at GS, I wasn't, but I should have been... 30 day number lines of note: XLF - 21 XLB - 17 XLY - 15