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BOOYAH!!

Yup - and the volume spike on this one is higher than the previous one at 20:15 (looking at the 15 min) but not so high that it is a blow off type of run.

ah right - for some reason I wasn't paying attention to the first r10 bounce. My target is more aggressive at 1090... she got through the NL... let's see if it sticks.

r10 approaching EDIT: also approaching MA 200 on daily

19.5 close... BA_Trader ftw! :p

I'm just saying that based on my model of the market - if 27.75 isn't taken out "soon" we are going to sell. Trading above that level changes the picture and we are still in rally mode. As it stands my model says we are about to leg down. That doesn't rule out an anemic sell off followed by...

IMO the key is 27.75... if it is not taken out in the next 12 hours or so market will sell.

1120 close looking more and more likely. If 27.75 holds we are red for the next few days. They are distributing around 1120... I guess they accumulated at 1020... unimaginative bastards

:cool: ( <- to protect my tender eyes) Swing trading - I will lengthen hold times as a longer term (multi-day) trend gets underway... and shorten them as we near the turn. For example - I believe we are about to enter a multi-day short... so I will look to eventually camp out in a short...

FOMC day entertainment: prognosticating I reckon that we will get up to (and possibly close) at 1120 We will definitely touch 15.5. Looking ahead - I think we are red for a few days... starting at the earliest late today.

Added to my amazon list ... thanks for the book pointer. This is exactly the sort of stuff I'm interested in lately.

Not interested in playing with my account of course :) Just wondering what the play is for the big boys... I don't really get why anyone is buying treasuries.

Anybody here follow the treasuries? Who is buying the damn things? What's the play there? ........don't tell me the banks are borrowing from the fed and then turning around and buying treasuries :eek:

The topstep guys think that they will gun for stops above 27.5 today. I'm too busy shorting a dull market to have an opinion :D .. I'm leaning towards going to go see Middlemen and buy an extra large popcorn with the measly 50 bucks I banked today.

fun day - Have a good weekend ya'll.

Just a bounce on daily 200 MA... lately market goes into "retrace the daily range so far" mode around 11:30.. today however we still have a shitload of volume working. Watch 10125 volume on the 5 min ES. When bars start printing under that it's dead until the afternoon. There is (at...

From one of the topstep guys (who pit trades the big SP): "$GS[09:22:42 AM] GS Desk usually moves at lunch, when NYC is out with a martini." IMO it is quite possible that GS will take the market down for "the big one" during August... when much of the world is "out with a martini"

LOL - what a rude awakening. I was holding overnight ...my price alarm went off... I came running to the screen and... WTF??? Well not that rude with a profit in pocket. Who was the numbnuts to set jobs consensus at -70K after last month was -125K?

http://blogs.reuters.com/james-pethokoukis/

LOL hey - at least masturbation is sex with someone you really love.