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Smiling, thanks for the explanations. I personally look at performance of NDX (sometimes ER2) relative to the ES as a mental filter as to whether I should have more confidence in shorts or longs (NDX outperforming on upside, focus on long trades and vice versa). NDX vs ES & ES opening...

good call JSSPMK now just imagine that I have included your black&white audience applauding. :D

ammo, I agree, not much of a bounce. today complicated. It's a Monday in the unofficial summer. Would still expect some sort of shake-out bfore something strnger than 1377 on the upside. But all in all, LEH delivers bad news and overall market holding up well. 24hr 60min chart just...

smiling, does the magnet ever break (the opening price magnet)? I'm serious. anything worth watching to offer a clue as to whether price might break and drop.

LC, http://money.cnn.com/data/dow30/ How now DOW? big price gains in XOM, MCD, alcoa, positively offsetting remainder of components, generally flat with the expecption of AIG, MRK.

I've been preparing for a trip and haven't really been at the screens today. JSSPMK, on that chart you posted, when you say 3 rising troughs on the 60m, are you counting the 3rd trough as having occurred at the beginning of yesterday's AH? tomorrow, everyone have a great weekend. For...

time-stamp test my time reads 9:05 at transmit

sgc, is this verse you have posted supposed to be interpretted as an expression of your expectations for additional downside? How far.

before "who" delivered the oil number?

yes, gwac, you're right.

come on, JSSPMK, please. just have a standard hard stop: I suggest using the March 2003 low (I am not kidding) Then you will satisfy B1S2's request for a hard stop. B1S2 hasn't said anything about a trader being required to hold a position until stopped out. Conditions change...

MandelbrotSet, could you plese look at the hours you have posted (2am to11pm) and verify that these are the London hours you mean. I guess my question is, would it make more sense to label them 11pm to 2am, because looking at chronologically, that 2am to 11pm makes for a like a 21hour...

LC, this is Wednesday, can be whacky. let me write some fiction here: opening profit-taking pushes prices back down for a test of 1388.50 to 1387.00, then up. tags 1398-1399, then stops on a dime and gives you 8 cents change. ...ohhhh, now the crystal ball is fogging and I can't make...

then you have to call it by a different name.

Should we assume that since this was labeled a "day" trade that you have closed it out?

hey, tommymoose, what kind of a retracement? what level would expect to see?1974? or deeper

ammo, thanks for those directions a page back. "eye-opener" is an undestatement. I had heard conjecture that this was the major reason for sky-rocketing prices in the face ample supply. That pdf explained it simply and succinctly. unreal. So that's why I can go to the store and choose...

it's always darkest before the rebound. I'm leaving the computers in a few minutes watch the offer get lifted with size when I start covering my shorts (that's supposed to be a joke) everyone have a great holiday weekend adios

I'll mention this only as an observation, nothing truly technical. This is a friday before a 3 day weekend. traders who came to trade and got short made money. What better way to head into the weekend but close out your short-trades and leave for the weekend at lunch with a big wad of...

wave, I'm sure I know the answer to this, but I just think it should be clarified. in the quote below you say "They will try to take it under 1377 first, then back to 1250, then 1200." Should that 1250 be 1450? If not, could please elaboarate a little on your expectation for the price...