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Targeting 130'250 on that move.

ZN breaking out.

Not a good reaction at 12:10, internals have not improved on this bounce. Staying flat for now. NDX 200 dma is a battle I don't want to fight right now.

12:10 is a pivot time.

targeting 1204.25 if NQ holds 2284.

NDX 200 dma is at 2290, NQ 2284/2285. Current resistance. Let's see how hard the pullback is from there. If it is on volume and impulsive, look out below. If it is shallow, shorts will get nervous.

Everyone expecting the usual sell-off after an Obama speech. I remember going through the same trades with Bush speeches. But one day, it changed, and shorts got hurt. Always keep this in mind: when a pattern becomes too crowded, it changes. We will see if today is that day.

Panic selling in gold could kick in as it is not behaving according to everyone's plan. That would target 1577.

In the words of Dizzy Gillespie: "Learn all your scales, then forget them". I think what successful traders eventually learn is to trade against the disbelief of others. That extra push is what opens up your P&L. Markets are only irrational in the minds of traders who think that the easy path...

Austin, I remember you back from the OI days, you have gone through many different models since, I hope you are doing well.

Like clockwork.

6E 1.3745.

Always lots of ways, but when you get trust, you get the nerve to kick in a trade even when it seems long in the tooth. Reading volume/delta and using IB gives you that. At least for me, and I have moved away from pretty much everything else in terms of daytrading and scalping. To each his own...

Knocking on 1208.75 door again...

Initial balance is the way to go along with profile and delta.

Note that NQ has a gap at 2297, that should get filled above us tonight or tomorow morning. That could set up a pullback, but it also signals ES will eventually close the same gap at 1248. Also, rule of 4 with ES and the 50 dma. we have had 3 hits (8/31, 9/1 and today). That means there will be...

14 P RSI at 53.86 for ES, and showing a bullish divergence from the last time we hit the ES level on 8/29. We are far from overbought on the daily and the triangle breakout on the RTH hourly was pretty convincing. As long as the majors hold the 20 dma, the dips will get bought, funds are...

Last publish was 9/14. This is a 4 day rally, not 3. As far as sentiment, Investor Intelligence is pretty darn good in terms of longer terms forecasting. Just look at the dates of previous extremes. I'm NOT saying we won't correct, just that the dips will get bought and that we are headed...

Tops are NEVER formed with this kind of sentiment: http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx Backing and filling to come, but this rally is going much, much higher. A week ago, I noted the sentiment numbers would set up a monster squeeze. Now...

The bid price and ask price boxes in quote panel single click immediate execution, limit order at what you click. Talked to someone at IB recently, they will be going back to the old BT as soon as they resolve the legal issues. IB does not believe these guys have a case and that eventually...