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Cisco announced that yesterday. Order imbalance into the close? Asia's down. My guess is it makes sense to go down. Any old buyers who didn't sell and new buyers will be trapped if they didn't already sell.

The big moves have been AH lately. Looks like the stops got run to the downside. Have you ever seen the stats for the downside versus upside risk in the AH ES market? Facevalue would suggest 2 or 3:1 downside risk but I do not know the stats.

Last post for this thread (by me) Traps. All about traps. Longer the timeframe the bigger the trap. Trapped participants are fuel. Fuel is movement. Like a physical system whereby it takes n joules of chemical fuel to power up an exothermic reaction traps provide that fuel to initiate...

Ammo thanks!!! I am pretty good at Bar by Bar Price Action analysis and using it to trade profitable but still admittedly struggle with incorporating Market Profile into the mix. You have my attention.

An answer to those that say technical analysis and price action doesn't work: http://www.barchart.com/chart.php?sym=ESU11&t=BAR&size=L&v=2&g=1&p=D&d=X&qb=1&style=technical Admittedly too much commentary but PA and TA helps me. This is as close to "proof" as I can give. 06-09-11 02:05...

Funny. Sorry I couldn't resist. Good luck to you and take solace in the fact I am rubbing one out now thinking of you.

I think anytime frame is OK as long as it suits your personality. Blondes are hot but so are brunettes. In the end you need to be comfortable with your set-up. Having said that I think fewer traders are good in the long run at scalping minute charts versus swing trading the higher timeframes.

Well, since you asked I am spreading your wife's legs and my position is looking quite strong. Your's not quite as strong unless of course you're on your way home with a .44 magnum.

So the spike down is getting bought. But the pulse down was steep enough for more fireworks ahead. Good spike in volatility. No danger of a reduced volatility market. Ranges will be good for 2 sided trading. I expect a range from 1360 to 1300 as discussed earlier going into the end of August.

So much for 1360. We came close though....

That sound you hear is juice being squeezed!!! So far the predictions from price action have been good. Spike and channel to 1360, then a small pullback. I do not foresee a big turnaround because the momentum is astounding.

I am with you guys!!! I am looking at when the big triple top occurs which I do not beleieve will be until later this fall. It seems like the right shoulder for a H & S is forming this morning. The bigger triple top comes much later I believe. But we shall see. At least we're out of the 1/...

Too much partying by the bulls tonight. We're forming a head and shoulders now with the right shoulder topping before 1360. The path of least resistance has been up into a spike and channel as denoted earlier but now we'll likely top and rollover for a trading range. As the formation...

Inside day f/b outside day and not abear in sight, so far. A measured move would take us up over 1400 in the spoos but that would be? Crazy? I stand-by my 1360 call then a trading range into the end of August from 1300 to 1360

My predictions are just potential events. Trade price action not predictions. So far the market behaved as expected after a strong bullish move with little selling. It will take some time for the move to be digested and early shorts could be roadkill on the highway. FWIW it is safer to let...

Squeaky tight day. No real downside as expected. My prediction still holds for now...

I think it is a good guess. I like fading spikes but this run had serious momentum so I think a safer trade is to fade a pullback within a trend reversal. Less likely to get burned. Another favorite is the gap up after a good exuberant run. Starting with a new relative high where you get a...

Wow!!! Some interesting things happened. July 1st / 4th of July weekend is typically a a major pivot point for the year. We rallied rather than breaking down. It was a strong decisive move off of a solid trading range. Top of the range 1360. I doubt we runaway to 1400. We are likely to...

Last Post for June...I swear... I love trading I guess good thing I'm not gonna have a computer. Another clue just in..... First off, nice signal on the summation indicator, eh?:cool: Reverse head and shoulders likely to form at this level although the low is not in just yet. 4 th...

OK So Yeah the close was weak and we continued to sell-off but I have a new clue but then I am leaving and I'm not gonna have a computer so.... One of my proprietary summation indicators is ringing. VERY OVERSOLD. But I do not see anyway in hell we aren't gonna test 1255-1260 level. I...