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YM and ES are just chummy this AM but not NQ (is this a surprise?). The news is 'bad' (thanks Ben) and it's Tuesday. lj

FA, As a further followup on the reversal thingy here's my plan of attack: 1. Start with an account amount such that you have to make $x before you can trade 2 cars. 2. When you reach this amount trade 2 cars/entry but scale out 1 car after a certain profit is made. 3. If you fail go back...

"Trading and Exchanges" by Larry Harris. lj

A late evening fireside chat with gentle Uncle Ben (Barron's PD): Federal Reserve Chairman Ben Bernanke to speak about inflation at the Boston Fed conference, in Chatham, Massachusetts. No Q&A. Speech Highlights: Federal Reserve Chairman Ben Bernanke spoke late this evening on inflation...

Thanks Ferdie for your thoughts and interest. I really do believe that being able to reverse is critical to maximizing profits and know it will be yet some time to come before I will be carving turns with precision . The P3-FTT routine is well familiar to me and I do not feel I have to...

ES pierced the lower Taylor objective twice, the second time at higher level than the frist. YM didn't touch its TOBL. I don't trade NQ. I luv PA; I really do. WSJ says "something spectacular is needed" to reverse the PA of the last little while or so or something like that. Hah. lj

A couple of more points and then I'm off to the Hamptons. The exception (1) noted last PM is very frequently followed by a 'rally'. A good rule of thumb is: "YM leads but ES says when and by how much". What I don't know for sure, but suspect to be so, is that the opposite is true, i.e., "If...

Could it be this? http://www.fleppc.org/proceedings/contents.htm Oh no, here it is: http://en.wikipedia.org/wiki/Midnight_in_the_Garden_of_Good_and_Evil lj Sorry nkhoi. I jumped the gun but YM was very stubborn this AM.

Enlighten me nkhoi. Why is it that you keep thinking this way? In a desperate search to find an answer to your ponderous question, I googled 'boring Georgia' and came up with this: http://www.youtube.com/watch?v=DYw0LghFsk4 Is this what you're talking about? Like being dead and some group...

Thanks for the info BLSH. lj

Discordant volume. A point or two re same. As with anything I say, these impressions are to be considered working hypotheses. If something changes I will say so. As far as I know this particular view is original but if someone knows otherwise please post same. If the volume of the most...

Interactive PD freebie from FT: http://www.ft.com/cms/s/0/74bf31bc-992a-11dc-bb45-0000779fd2ac,dwp_uuid=81f97690-812f-11da-8b55-0000779e2340.html Not sure if you have to be registered. lj

The dip were a feint but not the whole show, IMO. Multiple time frame volume discordances for ES but as to when they'll be remedied - perhaps tomorrow, perhaps not. The quasi-parabolic prejobs rally is totally bogus but who cares - who ever cares. Those with large, bulbous cojones will be...

Has the revenge of YM begun or is this just a feint? Or was the whole thing a feint? I think most probably not. Minimally competent JHM traders would have been short around 1:44 or so. Looks like an EW wave 2 about now but ya never (well rarely then) know with them EW's because it could be a...

It's nap time. BTW, I'm not the old man. YM refused to pierce that 12551 gap, at least for now. ES of course did - 1393.50 to 1394.75, the magical Fib50, which to JHM people is an interesting (or not) afterthought. ES entwining has ended after that 'little' FTT. So now, as always, we just...

This seems appropriate: “When I was a boy of 14, my father was so ignorant, I could hardly stand to have the old man around. But when I got to be 21, I was astonished at how much the old man had learned in seven years.” -Mark Twain There's a lot of 'entwining' going on and ES...

ES is pressing the point - it's leading YM!! When will the big screwjob happen? Will there even be a YM response? YM has breached yesterday's high. Reset those channels. lj

There have been multiple disconnects between the smart$ (all together say 'YM') and ES over the past little while and there's yet another one this AM. What with all the 'excitement' surrounding this AM's JC, the YM failed to breach yesterday's ID high (NQ likewise), while ES did. This gives a...

A followup on the gap thingy. Again the gap was pierced, this time on larger volume with a lower close but not as deeply . So as with yesterday's observation, this remains back-burner stuff. It is very much a coarse PA kind o'thing and should be treated as such. On the other hand what an...

On the other hand, NYSE $TRIN improved, NYSE and NASDAQ A/D ratios improved, CBOT P/C ratios were just slightly up and the VIX increase was not nearly so much as yesterday's. Further there was the anticipated day 1 dump after the $INDU "Down Friday-Down Monday" pair. So as Al Farley says today...