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That's enough for me. Closed out my remaining longs at 1474 for a nice profit. Now flat and exhausted...and probably done for the week. Wotta week!!!!! :) :) :)

Can you hear the sound of those buy stops triggering? Nice short squeeze here.

Hey spooz, you're a big diamond guy...is this too much of a stretch? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1673440> Pardon my lousy artwork...

Still nervously hanging onto my 1/2-position long, but raised stop again to just below the presumptive H&S neckline. I'd still love to see us break above 1471 so I can dump this long at a decent profit, but we can't always get what we want.

60.25 looks like a neckline on a short-term H&S top 68.5-60.25-71.25-60.75-67.5. Reversal confirmed if we break below 60.25. (So far, it's holding.)

Price channel. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1673322>

Not yet seeing bearish divergence on ESZ, so holding on to my 1/2-position long for now. I do not intend to hold it past the close, however, because of my overall bearish bias. Raising my sell stop.

Chris, can you explain what you mean by that comment? I don't understand it, but it sounds important. :confused:

To put this in perspective, I sold 1/2 of my long position yesterday near the close, but hung onto the other half overnight. Took a bunch of heat AH, but now back overwater and hoping to exit that position profitably today. I am not terribly comfortable being long right now. Although my...

There we go. Longs can unclench a bit now. :)

Although we popped 8 points after I posted this, I am not liking the price action here. Unless we get a break above 1462 soon, I'm concerned that this could be a consolidation (bear flag) for another move to the downside. Longs should be cautious until this ambiguity resolves itself.

I am seeing short-term bullish divergence here. I believe we go up from here (1454).

Indeed it does. Bearish divergence of the sort we have not seen since 1999. I believe that this may indicate that we have already begun the multi-year secular bear market that I've commented upon previously. That does not mean that we won't have a massive end-of-year rally that retests the...

Closed out half of my long position at 1482.

Here we are. Let's see what happens. (Go bulls!)

Long from 1465.

Wow, sure glad I did that! :)

Okay, I give up. Out of final 1/3 of shorts here at 1458. Too much buying there, and tons of bullish divergence. I guess my dreams of 1432 will have to wait. Now flat.

Just think about how much nicer that long will be from 1532!

Closed second 1/3 of shorts here at 1461. Holding on to final 1/3 to see how this plays out.