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Interesting comparison. On 01/16/09, the market only broke one pivot and was able to reverse to great degree. Today, the market broke two pivot pointss without much trouble. Today's bounce is unlikely to become a V-reversal. 763 should be a strong resistance for any bounce, IMO

The market is destined to break Nov 08 low soon. Whether it will have a Wckyoff thrust or a new selling wave is anybody's guess. Usually I will think of the first situation, but this time when you look at the chart of Dow Transporation index, you have to wonder the probability of a huge bounce...

Those trapped are bulls, not bears. Of course these will change until the trend changes. At this stage of the game, the trend is still down. Bulls must first clear and stay above 780 to have any meaningful bounce. Then you will also have 840 key resistance needed to clear.

Ok, you have turned the point of racial bias to political backlash. I have no interest to debate politics with you here. Neither ET is such a place. I only want to say one thing: Don't talk about things you don't know well to pretend you are knowledgable. If you have deep knowledge in the...

Absolutely no reason for short covering rally at this moment unless there is huge program buying. Very unlikely at above 739 level. The chart says clearly every pop-up is a good short above 739.

Nice job analyzing AH chart. It seems that I should pay more attention to AH chart.

Hi Vertigo, Why 773 is target short area? I was looking at 775-776, previous day's low and missed the trade.

The 780 magic number is broken. Maybe a new magic number is needed. So far no such signs.

kiwi_trader, Be civil and be careful of what you are talking about. If you happen to know some bad Chinese people, that's fine. But don't single out the Chinese as a group of sus morals. ET is not a place to show your racial bias. Please keep all your bias to yourself.

It seems these days intraday movement gets more noisy and choppy. Tough to hold trades.

Recent reversal to the upside, if there is one, almost always occur after a new LOD made. This time probably is no different.

Finally a new LOD but in such an unexpected way. What you can say?

I'm done with this bullshit. No idea where it wants to go till close.

Bet on the wrong side. Small triangle breakout to the downside. A slight new LOD is on the card

Out 830.25 this bullshit

Get bored. Small long 830.

This super slow market is difficulty to read. No conviction on either side

Stay put when there is no much to do.

If you put your "crystal ball" on sale, it may be worth a good money.:D BTW, that 825 top is a good call. Luckily I'm out at 824.25. We'll see what's happened next.

Saliva, You often mention "my souces". I'm curious that what that means.