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treas. sec Paulson on tv speaking about inevitable recession......news feel very heavy today & won`t take much of a catalyst to dump this market overnight.....which is where the move is usually stolen from shorts is on the overnight if you`re not already short.

Bulls are doing it ....& putting in there diamond/reversal,imo.......this will obviously change my short term outlook from bearish to bullish if they pull this off.....there will be plenty of time to catch this if you hav`nt already.as it builds out & falls back into the zone to it`s...

i`d be very leery of a lower lo & will stay away from buying that most likely......this move should go straight up to 62 if they want this build out to be succesful.

here is the potential diamond i was anticipating & why lower lo was bot.

long from cost avg of 47.50.........as per my post of lower lo being bought up.......not as quick as i`d liked.

they need to pop it here if this reversal diamond is going to stay intact......can`t afford much more downside.

LOL...i hear you Austin........Nobody knew what the hell an Emini was......my accountant thought i was nuts when i kept mentioning this wonderful new trading vehicle called the "e-mini". i`ve battled the OEX wars myself,bro.......those were there wild,wild times.........i actually cut me...

looks to me the bulls are trying to form/build out a reverse diamond to counter the bigger one........if this builds out like i think it might......should be tight action here into the pm session. a lower lo..below 50 should be bought aggressively if it stays within the build out phase...

you will never read anything of value or worth while in any book (except douglass) but generic,regurgitated nonsense. i actually have 2 sources for you.in the late `90s when i started trading & gathering as much info i could muster,i turned to an educational service called idx...

actually you need to turn the 6 upsidedown to reach the proper date...... it was October 19th 1987... this board just keeps getting better & better.....:confused: EDIT: that would be friday......just so i don`t have to reread a new thread tomorrow. :p

Exactly on that one........as well as myself using S&P rule of 10 & it`s eqivilent ,Dow rule of 100 since 1997..........standard measurement for any futures/index trader in the industry.....................:)

??? not really sure what you`re getting at hear?

it`s just that i`m starting to realize that there are certain disrespectful kids here that are benefiting from my posts/ market analysis & i have to be out of my mind to actually help people like this learn & prosper off my observations. i have no prob sharing with those that are...

check your pm,king

took a stab down here at 50.25 & .50....out at 53.75/50% from 58.50 swing hi edit: wide range bars down here tell me they may try & put in a short term bottom & walk it up to 30 min TL..

If IHS develops ......it should take us to 62 measurment....or rule of 10

retest of 57 was restest of prior 2B.........3min displaying small IHS

sure am BB.......:)

i`d like to see this 52 hold with a pop over 60 into a nice confluence zone above.

you may be right........going to be tough to find a conservative entry on this sell train....just being offered straight down.