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I went long at 75 a bit earlier than you. (hhttp://EminiChartsEtc.com). Counting on the market to having one more move up above 900 and failing there. Stop placed at 50.

Could this be tha bottom? Edit: watch YM, the dow basically did not participate this morning's selloff.

worse than that :p

Market is expert in catching us off guard, the bear flag in 30min chart wary me a bit. I too sitting on my hands here.

LBR also has a pattern called "Push into Lunch" that similar to your call here. If we have a strong early move, watch 11:15 to 11:40 for a flag to form and then h/l to be broken, we then are likely to have a trend day.

We have no control of that, so I pass.

Welcome to the bull's hideout! Bears be careful. I'd rather wait and see if the level is broken and become resistance before shorting.

That must be the part of reasons why Monday has the tendency to follow Friday's action. So yes today is import, but if we close at low end of the range, Monday is likely to have early weakness also, etc.

Yes very import level. We should be able to tell if this level holds by Monday afternoon at latest. I'm little bullish atm though.

Don't see no trend, even down to the one minute intraday chart. Today's opening range was tested in the downside first and then broken to the upside and now ES drops back to that range, this is typically a sideway movement. Expect new LOD to be bought and HOD to be sold. We are waiting to see if...

We all know where the bulls are hiding, don't we? ES 120min Chart <a href="http://3.bp.blogspot.com/_uyrGNw94-qw/SWVTXp8tBlI/AAAAAAAAAXg/O0Zfl2i7bTY/s1600-h/bulls_hideout.png"><img id="BLOGGER_PHOTO_ID_5288725003279074898" style="WIDTH: 400px; CURSOR: hand; HEIGHT: 318px" alt=""...

Plus down move is usually faster than upmove. Maybe I just get used to the holiday mode! Ps: but don't under estimate those bulls!

True. Little bit too fast for one day drop, guess we may go sideway into Friday then. 880 is the level to watch if sell off again tomorrow.

Seems we are having a turnaround Tuesday, if so market will sell into Friday's job report. Edit: still need a little patient. Long or short, it's a minefield out there, $TICK jumping all over.

Naturally we are looking for retracement after seven up days in a row, but we also need to be patient, it is better to look into the intraday chart and follow a mini trend. Breaking the triangle in this chart should give us a clue.

Long volatility is certainly looking good at the moment, but this market has to settle down, maybe in the second half of this year. Be aware of market characteristic change then, if we are back to 2003 type of market, only Buy2Sell1 (sorry B1) people make good money.

volatility has dropped dramatically in December holiday season and should move higher soon. <a href="http://2.bp.blogspot.com/_uyrGNw94-qw/SWFZlnxsAJI/AAAAAAAAAT8/-Yi1IWYDLKM/s1600-h/sc.png"><img id="BLOGGER_PHOTO_ID_5287605940377092242" style="WIDTH: 400px; CURSOR: hand; HEIGHT: 162px"...

The fear of missing the major market bottom for value trader, the IHS for technical trader.

It's Black Friday 2008 style, buy the cheap and be done with it? Edit: Anyway, 920 has brougt my medium trend to the upside.