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Reminder, this is trip witch this is option expiration week. big money loves to screw both bulls and bears (in terms of put owners and call owners) On Monday the call owners got screwed, that means either today or tomorrow the Put owners will get screwed. ...wait a minute, vol, is...

in the prior 30min chart I posted, the tall vertical rectangles in the right side of the chart were move measures based on bodies of candlesticks. In the prior chart, the standard neckline break was used as the starting point for a projection of downside risk. In this chart I treated the...

EOD update of Head & Shoulder pattern in 30min ESH08.

ok

spectre, you posted that you have a buy stop at 82.50 I assume Mar08 contract, but the charts you have been posting have been DEC07. Is your buy stop Mar or Dec? edit: why 82.50?

vol, if you really open up the time frame you can see another head and shoulder pattern

ok, isee it now, left shoulder was at 7:20am

help me, I can't see an inverse head and shoulders on the 5 minute. I see a bear flag (from 11:50 to 12:25ET), but I don't see inverse H&S

Price has made a partial fill of the gap created by the upmove on Dec 5. Maybe price has to reach deeper into that gap before the T-day troops rally prices?

please just post it in the forum so I can see how also. thanx

PPI up 3.2% (Nov) largest one month increase since Aug of 73 (according to CNBC) Geez, 1973, wasn't that like right before 1974? Hmmm, I wonder what the markets did in 73-74. I'll have to go check some historical charts.

Fed announced a bunch liquidity agreements with ECB and Bank of Canada

mbusch, wouldn't you expect some buyers to at least make a temporary stand at fill of gap (Friday RTH close was 1507.25)

kidPWRtrader, Thanks for the info from Hansen. One pattern of congestions (and potential breakout) I would like to bring to you attention. (at least I've noticed it) in a sideways congestion when price is just bouncing from one set of highs to a set of lows, watch for the retracement...

Great chart on wave count, elovemer. for ES, retrace, tag 1498-1492 area, then like santa sez up up and away, uh, well, at least a test of 1525, more likely an extension to test 1536-1547. I'll let market show me what it wants to do, but this is possible scenario can unfold. there is no shame...

I look at the er2 to give me an idea of breadth of belief, and this thing is dropping like rock.

volente, what is your interpretation of the options for the current market?

spectre, part of that LTCM bailout was an unwinding of the selling. The selling that occurred in front of the bailout as wall street BSDs recognized that LTCM would have to divest positions in order to raise capital. In true Wall Street fashion, the BSD's sold and sold, kicking LTCM management...

speech over.

BigBubba, doesn't the move above that price level you posted with Gartley negate the pattern? ...render it a failure