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Like I mentioned before the Lines in the Sand have been drawn. ZB 148 handle, EUR 1.26, and ES is at a key critical area that if broken will likely lead to more upside bias. One really key point is that we have reached these levels so early in the month and if we pop we could have a good move...

King...watch Bonds at the monthly a down, 140.06 level. 1308 is the OR high for the month so that is pretty good one to watch as well. 1.258 is the monthly aup in the euro. Lines have been drawn in the sand guys. Lets see which way we come out of this! I have a feeling it will be tough to pop...

Daily aup for me was 1301.75. Monthly a down in bonds is around 148.06...big level to watch.

Watch this market into the close...Bonds coming off and some things coming off lows. Lets see if they can squeeze these shorts into the close.

I've been to the office and know a few of the traders there. There are a few guys who are supposedly still doing relatively well and swing some lines. A guy named Yoshi is still based out of the office and he is supposed to be one of the best guys in the office. Now I doubt those are the guys...

Thanks for posting. Do you trade at a firm? What exactly are you trading...maybe you could share a bit with everyone here.

Interesting stuff medic...I think there is some good rationale in giving different scores based off of the close position. Let me know how these play out. One thing I've noticed over time is that, its all about knowing when to use what tools. I think the 30 day numberlines are a great tool...

Interesting month of May. Weakness has showing up in the numberlines since mid-April. That weakness finally started to resolve itself out in the past few weeks. Now the numberlines in most of the market are still very weak and it will take some time to work that off. I think we are coming...

Just wanted to throw this out there. Here is my 5 day numberline(SPY) for the month of MAY to friday. As you can see there is a huge divergence coming into play. SPY lower lows...numberlines higher low. Will be watching for a bounce next week. Monthly Aup in ZB is 154 and for ES we have around...

I bought the book last week...so far it is very good

You answered your own question, the very fact that everyone thinks that the euro will be devalued considerably going forward prob means it won't!

Here's a link for a slow day like today, Jack Schwager has a new Market Wizards book out. Here is a podcast with Covel that was released a couple days ago. http://trendfollowing.libsyn.com/webpage/jack-schwager-interview-trend-following-manifesto-with-michael-covel

Really weak bounce thus far...looks like we will get a test of the weekly a downs. Thats the next level of interest. 735 in TF, 1285, and 148.14 or so in ZB!

Ok guys, expecting a bounce in the next couple days. I am looking at ZB right now..Fresh break to new highs on an igniting bar. If ZB can take back the halfway mark of that day(147.18), we should get a bounce in the market. Really key level to watch for monday we held it to the tick on friday.

Looking at the charts of the major sectors...we have confirmed quarterlies in the all of major sectors except the reits and the homebuilders. Everything is techincally broken and although there may be a short term bounce this market is telling us alot of things and it isn't telling us that...

Mclellan Oscillator at -111. We have only breached this level 4 times in the past 2 years and it has followed been followed by a bounce both times...lets see what happens on Monday :)

Oh wow totally forgot about that one....and the bonds. Long day lol

Hmmm definately was aware of that dynamic this week! Only two shows of strength today were AAPL and the fact that homebuilders held in relatively OK today. Not alot to hang your hat on, but its there

Wow....4 really bad days and no bounce. Check out the 5 day NL

This was a real F-up by Nasdaq...not a good situation for anyone who got caught with any meaningful amount of shares