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i feel the buying pressure down here is pent up & we`re due for a big move here along with some other things i see. cost basis is 46.25 so the r/r is there for a healthy swing....possibly into tomorrow depending on where we close.

lookiing to remain long here into the close.....EOD hold....stop just below last active lo.

bottom of 30 min channel currently.....stop on remainder 3 ticks below LOD. this is a good litmus test for the markets....if they can`t rally it late into tomorrow.....confidence & sentiment is shot,imo.....bad sign going foward into fomc.

9/11......last day in the pit for the families before construction commences. i`m a buyer here & down to the lo 50`s.....

i`d be very surprised not to see a sympathy rally mid/late day & into tomorrow....i`m actually expecting it......looking for a test of 70 before the day is up.

overflowing bearish sentiment has me short term bullish....lo 50`s were a nice scalp last night. 99.50....to....50.25 was close enough to 10 rule X 5.....fwiw...... these are certainly fun markets to trade for a switch hitter.

i agree with him 120%...as i`ve been saying for the last month or so....it`s funny that here he is giving fair warning of what he sees unfolding but the media/investors do not like the negative outlook because it`s bad for business....if anything he should be commended for doing what he`s doing...

just got back....looks like i should`ve stuck around for that 65/66 sell off the 40% fib from yesterday swing hi to LOD........took a long lunch & massage instead.

looking for 65/66 off small IHS on 3 min....kicked longs way to soon @59/59.50

slow bleeding new lo`s.........lack of confidence in the fed is a scary thing for investors/fund managers & only a matter of time before the fed/liquidity injections are ignored. no clear cut setups as of yet.......but i can`t help but feel accumulation going on down here...we shall see.

agreed completely..... .50 basis point cut looming could turn this short term sentiment quickly. looking for 70/72 target as well. edit: 62 = 8/31 gap open & important level ,imo.

i guess we know the reason now for the hard sell near the hi`s yesterday.....2 strong 3 min bars with big sellers.....followed by 2 more with a LL......there is NO better indicator than price action. edit: we`ll se if this is the "spook" move before they bid it up....wich would`nt surprise me...

the price action base at/near 78.25 just before making the higher hi should`ve held in order to keep the staircase going....sellers came in hard & took it out quickly with 2 strong bars...there was a reason for that PA.

was able to kick some runners near the HOD....

the best teacher & the only teacher is putting in your time....day after day...:) ....thanks for the link. that active lo is still bothering me & keeping me out of longs here at the 50%............i`m a bit above my quota so i`ll be looking for cherrys only.

apolagies are in order then...:) my bad. what`s the name of the book?

thanks for sharing that synic ..& he may be right but i don`t have much respect for gary b smith as a futs trader whatsoever......imo he`s nothing but a salesman out of a cramer mold.

we don`t want to see a lower lo here...below the 50% ....or it just may ruin our black panther party...:eek:

if you mean the price action to the extreme right....it`s not really a textbook setup as the neckline has a series of higher hi but certainly viable....especially with price action forming that bullish base.....nice observation. expecting a move to 90 eventually but i`m not crazy about us...

a coiled up 10/100dow point point range like this could spring us to 90/ 450 dow relatively quickly....getting ready for the march. don`t think they`ll give anyone a chance at 68/70 again. dow clearance of 350 will be the cue ,imo