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can't really look at volume in the overnights, (except occassionally after DAX opens (3:00am). I depend on it (or reference it) only during RTH. and 15 minutes is the longest time bar I will reference for volume. Good trading to all, I really have to go and finish the shower basin liner in my...

elovemer, I agree, and if you look at shorter term charts, even when there is an extended move, the price movement attracts volume and it turns into a capitulation. you can see it in the volume spike whether price is moving up or down. whenever price retests previous highs or lows (highs or...

JSSPMK, LOL, It's your responsibility to name the formation. I really have to get to work on the house.

I was not able to post this earlier due to children related errands. and I will not be able to sit in my trading room today due to house projects, but I ask this of posters and lurkers: Can someone, Does anyone know what a measured move for a cup and handle is? (Spectre2007, you have...

Spooz_Top, Thanks for your comments and charts. Don't stay away for long.

intrday low accompanied by shift in the DOM with size to the ask.

Friday I posted what looked like a Head and SHoulders in the 240 minute chart, here's the same chart, measured move complete as the recent swing low was 1440.75, right in the ball park of a 1440 measured move target.

rule of ten? wow low was 1453.75, recent high 1464 = 10.25diff

S3 1456.25 hit, a bounce likely, but if this thing just flops around, or undercuts 56.25, not good. I still expect sideways to fail to the downside this afternoon, but as Joe Ross sez, trade what you see, not what you think.

ES 240minute Head and Shoulders?

I think the markets can easily (intraday today) embrace the notion (spin the weak NFP) into slam-dunk for a rate cut. The psychological tug of war is "but have things gotten too bad to be saved by one rate cut?" I think it would take 4 or 5 minutes of prices printing above 1472.00...

I submit this quote from smilingsynic on page 3138 of ESJ: "The good news is that there are ways to determine(trend-day), an hour or so in, what kind of day it is probably going to end up being. For example, if the 9:30 open is a gap from the previous afternoon's close, look out if the gap is...

Jaxon, I agree with you (for whatever that's worth), but now that we have filled the gap from 8/31 (ES 8/30 close was 1460.75), some sort of rebound on shorts covering (taking intraday profits)can unfold.

Spooz Top, what do you mean when you use the term "active lo?"

spooz Top, on that yahoo chart you. it's active, drop your cursor down to the bottom and a menu will come up with time periods, choose 5 day (toward left 5d)

opening gap has filled This is the last time I will update headines for today 10:00am ISM services index AUG, expected 54.5, Jul was 55.8 ISM services PRICE index AUG, expected 60.8, Jul was 61.3

anek, thanks for the chart, honest to god, I would never have recognized that as a H&S.

anek, can you post a chart to shows the failed H&S.

at 8:30am Initial claims, Revision Non-Farm Productivity exp +2.3% prior +1.8 Revision Unit Labor costs q/q exp 1.6% prior 2.1% 10:00am ISM services for Aug

at 7:45am EUR Interest Rate Announcement no change expected, rate 4.00%