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S 98.75, target 92, stop 0225

EUR.CHF has been up all night. Interesting divergence.

Yes, this is the 3rd time NQ regains the 2007 highs. It's bullish for the entire markets. Today's action is the nail in the coffin for bears, IMHO.

If NQ breaks out above 2195, look out above.

6E holding up pretty well, considering.

I'm starting to believe that. follow the N's over S's.

TD count indeed on the 30 mn.

Looks like it will work for you, we're coming down before Hong Kong, but that can be a fade, then a straight run into London.

Braver than me. Bank merger in the news (Capitol buying ING) and ES back above 1st hour..

Option Traders Most Bearish Since 2009 Bear Market Bottom http://tradersnarrative.wordpress.com/2011/06/15/option-traders-most-bearish-since-2009-bear-market-bottom/

Potential target low 1249.50 now.

VWAP held.

What needs to hold on this pullback is NQ 2220 and 2217. Let's see if the waterfall trade works for bears one more time. CD has been weak on the way up.

Now of course the market will prove me wrong (...), but I'm willing to ride this one out. So be it. My main premise is that this is not 2008 and we are still in a bull market. So for this type of selling/negativity to reward bears down here would be a very low odds play. I'm okay with being on...

I put all this out on the buzz at Minyanville when it got hit, sharing with you if that's okay.

And of course a TD count of 9.

Here is my main reason, aside from stocks above 50 dma at an extreme low, a couple of p/c equity readings right below 1 last week, and an NQ 3/16 gap close.

As much as anyone can ever make that type of call, but there are many factors to it and I will expound in a minute. Right now juggling a few positions.

The bottom was just put in at 1259.50.

Not disagreeing, the overall pattern calls for more weakness and I would take this only as a trade unless proven otherwise. Short squeezes are just as powerful and fast as sell-offs.