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JB: I know we have triggered some downside targets - but if the selling has legs are there some big successive targets. I'm getting better at "fading" these drops. :cool:

So what do you "think" now? Yesterday's short-covering rally in financials did seem to be a bit overdone. With volatility spiking once again, I hedged my SHORT "swing" contracts a bit - but it does seem that we are heading for new lows. Perhaps this financial juggernaut is not <i>that</i>...

persistent - too!

I faded yesterday's highs and today' pop. Your levels are invaluable. I'd reverse at your targets and it worked fine. Now I'd like to know <i>who</i> is buying financials right now?!? p$ :cool:

Well I hate to say "I told you so." Or even post one of these: :D I mean it is plain to see what is <i>really</i> going on in our financial system these days. And the new or old Administration will have very little they can do about it. Losses from leveraged bank investments STILL...

Joe, In your view what does a close at this ES level mean? pay$

That's right - you said we likely will be in a trading range. Would that be between 813 & 853? Or above 853? I guess we shall see. p$

:D yes, quite hilarious in fact this board seems to have gone back to rational discussions it does look like we are setting up to <i>permanently</i> delete many, many, many ET accounts. poof!

So whatever you want to call it. . .we've seen this before. Short-covering or massive buyers at this level due to pinning prior to options expiry, apparently Dow 8000 and ES 813 were key to vault from in heavy trade. We still closed below 850 area - off the highs. Is that a bullish "doji"...

Don't apologize! pay$ense

So much for our budding new rally! The only action we have seen since the December 2, 2008 confirmation has been in barely average volume. Yes day-to-day volume) comparisons may have seemed like a healthy rally <i>could</i> continue to emerge - but in fact without institutions or large...

So what do you think? Market indecision has made it go <i>wacky</i>. :)

Got it and yeah that's goood stuff. Helps a lot! I an still holding 1ES for the 864.5 & 858.75 target utilizing rolling stop and checking for lower lows, etc. :) I waited to see the first 15 minute and first hour high and low (kinda after the fact) to determine my bias and target. Do...

JB: Is there a number that we close (d) below that you would consider the trend to now be bearish? p$

While there is still heightened anxiety in this market - that makes me have to stare at my monitor for 6.5 hours (not the norm) - I could have a window open and be in your room, right? Send me (PM) the info, Joe, for the passkey and url! Thanks. pay$ense :eek:

Awesome.

Despite some questionable action for the market's recent rally attempt - overall we continue to see constructive behavior. After struggling to gain and hold their respective 50-day moving averages, most of the indexes have now been positions solidly above them. I will not only be watching...

The last few days were wearing on me, as my LONG swing positions were hedged - while the market continued to rise above support. I did not feel I should risk more than 100% in gains this past year in this recent environment without seeing further strength in the form of volume. The market...

I amended my previous statements to reflect your targets being hit, Joe. But when I rechecked the targets in my inbox (I hadn't thought we met them) they indeed were far off. ES: 946.75 extended: 950.50 From your post today - ES: 930 extended: 934.50 I suppose...

Interesting day. When I first saw your targets in pre-trade, the range in levels told me that today could very well be an "inside day". Lo and behold after all the "navigating" that is what we ended up with (aside from your upper targets being hit). Thus far we are consolidating. What I...