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Just for shits... *speaking loudly* I have a stop at 1074.5....

yup - next stop 1050

Nice work ammo

Yup - in trading you can be absolutely right and STILL lose. Maddening. Looks like DEMTDAYBOYZ for the win today. Take a look at the daily candle :eek:

I think the 12:30 - 12:45 move was "engineered" and there is no stop cascade under it. That's the key. However - we agree that it won't take much to get the selling going again.

I think we are swinging above 1030 next... DEMBOYZ be makin' an IHS. I'm only playing the short side though... just got out of a short and sitting on hands for now.

Ah the joys of trading when the market is strongly directional :)

Yesterday was the day for a bounce... didn't happen. We might get a profit taking squeeze today. If 1016 holds - look for a trip back to 1030... but on the whole this thing looks doomed. For all you youngsters reading this journal: Experience/screen time pays. Yesterday I was only...

There are 3 possibilities - don't forget sideways. My guess is that we run (drift) up... and if time allows run down. Edit - something like a broadening formation starting from the 10 AM bar.

Adjust target to 45-46 ish

Correct.

VBO Target 46-47 ish

We had a little range shift down around 12:45 - otherwise still in non-working volume mode.

Wow - I wonder if that nutsack gets a 6 figure salary and benefits to write up reports about MAs :D

We're in drift/chop mode until 5 min volume is consistently over 13350. We more or less "went under" around 11:30 EST

44.5 is the AH high... but volume is dying off.. heading into lunch hour doldrums.

There are a hell of a lot of buy stops above us. ......just sayin' disclaimer: I am a permabear

LOL :D - short term we're up to 1100... but I am waiting for the market to break out of this 28-48 range before I make a move.

Time to prognosticate :) I don't think this drop is the "big one" - not yet. Pek raises a very good point about inflation. IMO the feds are *trying* to inflate the USD. They have very good reasons to create inflation -- and they are doing their damnedest to create it. Since the feds...

DEMTDAYBOYZ have 2 hours to do God's work.