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The up action has been a real low volume grind. The bears have been stopped out. I think that they'll bring it down to give the bears something to bite on and stop out the bulls who couldn't resist jumping in late. After that - probably stop out the bears and take it up for the end of...

Petroleum report coming in about 5 minutes... so far today is for the bots.

Yep. :)

Look for a 50% retrace over the next few days... from the high of today to the 6/8 low.

Personal note - I'm about to do the most difficult thing a trader can do...... go on an *actual* vacation. So when you don't hear from me for a while don't go thinkin' I blew up :p Good trading to all of you!

Same here. Well ...the Goldman grind is back... which is going to be a bit of a shock to everyone's system. Volatility has a memory and will probably pick up on the first swing short... but not until this long finishes... I'm thinking up into rollover and down into expiration.

Market conditions have changed. The down swing from April is over. We may get another touch on the lows - but that's because we are in a sideways trend until Autumn. Just play the swings up and down while the volume is there. Daily volume crested and will begin a slow decline into the...

buy the dip... 10:30 reversal... :cool:

+1 I was long in the AM but I got caught with my hand in the cookie jar trying to short the afternoon pop :mad: Buy the dips gentlemen. Si.

yup. Once we finish this green run we get a leg down with the yearly lows in play. Edit: the conspiracy theorist in me wants to see the start of the decline on April 15 - and the end at 1040. :D In other words ...message to Washington - "Go ahead - f*ck with taxes - here is what we can...

That sell off into the close yesterday brought out a lot of sellers... but market is trying to rise despite them... if prices get high enough there will be a stop cascade (upward). Candles are doing their job - telling you that there is a lot of indecision.

r10 Edit: r10 + 10:30

Not so much if it fills and then just keeps on trucking southward :D

Here comes DEMTDAYBOYZ...

Guys... now that NoDoji is gone let's build a fort or something... With all of this (awesome) volatility it is easy to forget that memorial day weekend typically kicks off a slow season in the markets until labor day. As I posted before - I (still) believe that we get a triple bottom on...

yee haw!

Time to start buying dips...

We agree - I am simply looking one additional step into the future.

People - the downside action today is shaking out the new longs and attracting new bears to trap... we're going to take out today's high sooner rather than later.