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We want to see volume ramping up on the 5 minute bars... with bars ABOVE about 13600. It's mid lunch + non-working volume now... time for shenanigans.

Propping it up... I think they are giving buyers a sense of security to step in ...need the sell stops to run it down. We saw this last night in micro mode. However - FOMC tomorrow might be a big monkey wrench depending on how long this takes to pan out.

Looks like they might play the same game at 1100... I'll go sleep through the shenanigans.

yup! :eek:

You may have answered your own question here... you and a boatload of other guys have a stop resting at that price level. So maybe they are thinking that as soon as they decide to stop guarding 1100.5 it's going to break hard on a stop cascade. DOH - we're through it :)

Somebody is biting at it... I just saw 500 cars go EDIT: now they are restocking it :)

Yup I see that 5K block with my own eyes. I know how this game works intraday but I can't remember seeing such an oversized block on the book during the AH session. I like to call the book/DOM the "phony book"

Spike getting erased as I type this.... wtf?

Too funny... I was out for a run and while I was running I was thinking... we were all pretty confident about it continuing to sell off after hours ........SHIT. It's going up! Just checked the charts and saw the spike. LOL

I like 85 too schiz... but be wary of FOMC on Wednesday. Based on the volume on the pop @ close today and the fact that tomorrow is God's work t-day... they might hold off the selling into Wed.

Here comes the big volume

Just my 2c - DEMTDAYBOYZ might show up tomorrow ....but it won't be a trend day... more likely chop.

LOL collect call from a mister Lumber... first name Jack. Let's see if they will accept the charges...

I hear the tree cracking and groaning....

Battle is at 17.5

"If market should go up but isn't, it must go down" Another way to say it: "what wasn't that?" Volume is still in the sh!tter... and we've got R below us at 17.5

Why the big target?

Yep. Well ...the volume just woke up with price attacking the low of RTH - but we're on track to have another crappy day volume-wise. This is a typical summer pattern ... from memorial day to labor day the volume trends down.

schizo - just found your "unholy grail" thread tonight. Nice :D Thanks for sharing!

LOL - there's the volume... but price is still stuck in the mud.