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Ok so at some point today or Monday all of this drop and anything after my post right now is coming back, this drop isn't going to stick long term...1096.75 is a magnetic and we busted through that, the market is going to want to revert back to this and beyond, soon enough... ...would be...

6-2-10 Close [1096.75] will offer support (as a guide) to the market tomorrow only. The logic is simple and you can play it 3 ways: 1) Wait for tomorrow to close and evaluate the results THEN If Friday, 6-4-10 closes under 1096.75, the market will rally back Monday, possibly a multi day rally...

This was my post on 5-27-10. The Close was 1101. Within 3 days of this post we dipped over 33 points and we are rallying back up to start this topping out process. This scenario is setting up perfectly...May you all have a profitable week :)

I find it very laughable that you are so fixated on me. You speak of others "fascination" with me but the last time I checked you are the only person fixated on me...maybe it's all in your head? A profitable week to ya buddy :)

If we print that range before going lower, its Bombs away for sure.

Yeah we stopped out on this particular 30m bar signal and 1 other on the way up as well...we had a nice long off of the 30m bar 10:30am est, that was our only long today on the 30m bar. Had various other longs & shorts off of the 5m and 1m...intra-day engines are shut down for the day...we are...

Don't forget about this guide. It did fire around a holiday so it can be erratic, but it seems to be playing out...

Its always just speculation :) Thanks a million!

NIN hello! What is your current analysis on Oil (QM or CL)? As you know I am long to 79.75 and this trade is taking WAY too long...do you have an opinion short term (10 trading days)? My stop is 63 level. Thanks! EDIT: If the ES decided to dip to 960 before 1126, what effect on OIL...

Best thing for the bull(ies) is for the ES to drop next 48 hrs...if it keeps this dance up it's a slow bleed for them... ...I have concluded that there is SOLID support as far down as 960, and the way this market has been behaving that could happen in 36 hours time if it wanted too. So...

We may see both! That may be the entire range...this is gonna be a crappy day.

Sell Short 1080 Exit 1070 Stop 1090

Thanks LC! I just like to see how people create their levels.

Why did you need 1120 to print 6/1/2010? If you are able to be specific, can you share your analysis? I know this much, Oil stocks have taken a beating and a few are primed to POP 20% plus. If we do see year lows within 48 hours it will be a stellar buying opportunity.

I hear you...I'll take us a little more off topic... The blatant truth is getting more and more "in your face" or we are getting more access to good information and seeing the problems more clearly...however, I believe it has always been a broken system. This subject is tough to discuss...

It's no worries...what do you mean gotten so far away from a level playing field? Can you expand on that? I just checked all my accounts, and I'm coming up WAY short of that Billion :D

5-27-10 the ES 18:00pm est 30m bar came within 1 tick of breeching this spoken about imaginary line. I stated we will see how this barley missed breech will play out. Lets see if we continue to drop...if we fail to drop to this level and rally consecutive days this 1055 and 1032 become very...

Trading around holidays is never easy and is always dicey. Its like the rules of engagement don't apply the day before and after.

Technically there are so many reasons to be short and long this market [short-term], its a tough play. Its not always like this but it is typical of a market looking to find a footing. The ES could easily slip to 1056 then rally 50 points, as easily as it could drop to 1032/1014 then rally...

This trade is done