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Thx and see edit above regarding the fib retracement... B

Finally.

Don't forget the bearish engulfing daily candle on the 23rd (or thereabouts)... will be shorting the t!ts off >767... which, if I'm not mistaken is a 50% fib retrace off the bottom (based on Surinotes chart on the previous page). B

We're in a bear market... punctuated by a painful, slow and apethetic move down (Feb.) with a violent (last 3 days - 13%) move up... then into another slow and painful move down... rinse repeat until you get to 500 or 450 in the ES... then slow painful move up with violent moves down => bull...

thx... and the most probable in my opinion. We replay the Nov. to Feb stretch with a more consolidated move and then end up at 500/450... take your pick. Lotta "if, then senario's" ... just playing around. B

Thanks... my point is that this type of move up is classic bear market rally... imho.

That's great, but the last time I checked we were in a bear market. Any comments ? B

Everyone is looking at 730 as the next pullback... so that means what? B

Have the futs even moved on this? Hilarious... B

Nice... btw, how many eyes do you have? B :D

Picked up pile of MFC a couple of days ago... BMO, TD and RY as well... PD.un and MDI yesterday and more today... B

We're going to 550 relatively soon.

With a bounce off 650 B

Open below 665 tomorrow. B

Very likely a huge gap down to a 650 print... B

I agree... there is little validity to the argument that 'how can someone be worth so much' when NO ONE ever talks about the owners take... Do you realize that the last two years of Michael Jordan's salary were in the low 30's (millions) and that the superstar clause was implimented because of...

Ya, but they keep paying the $$'s to watch them... it's just supply and demand.

Hey Bob, Great thread... keep up the good work. I imagine from your post above you are mixing discretionary trading with automation. If this is the case, can you elaborate on your style... if not, no worries. Take care, B

Excellent post AAA

I don't think there is a post that nails it better than this...