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According to my read: The prints are validating the down move. I went back to Jun 09 and re-rolled the tape. There was a complete failure of longs above the 52.50 level. I completely missed that ... may be 'cos I was out on vaca. Then today, the shorts re-confirmed the down move [defended the...

Jeezzzz man! Am I reading this right? Short Entry at 1948.50; SL 1500.00; and TGT 1942.00? To me, based on the action today, the longs have once again seized control. If 48.50 holds tomorrow early in RTH, I would expect new highs. But, again, what do I know!

Looks like "window dressing" to me: Friday .... dramatic move after cash close! Let see what Monday has for us! All the best!

But it is not "strong" from an orderflow sense though. There is no assertive buying that is going on -- which, in my opinion, indicates lack of strength. It is almost like someone is supporting the market. For example, off the bat at RTH open in ES, buyers failed to bite at critical levels...

Regular Trading Hours; 8:30 CST for ES.

Tomorrow for ES: Expecting a lower RTH open followed by a test of 39.25. If it holds expecting a sell-off. All the best!

OTCkrak: I understand a lot of people look at fundamentals. I used to work at a prop. desk of a major player (pre. tarp) where the desk's mandate was to take short-term positions to "hedge" the fundamental plays of the economists in the bank. So, I look at the market in a different light...

The buyers are aware that the buying is weak. The sellers haven't showed up yet, but I expect them to show up. If they do, this could be the high you were talking about for the last 'n' days. All the best!

Cool: There is weakness in the background. Just be attuned to that.

Thank you for watching the "show", ladies and gents!

One has to wait for the "show" to end before leaving. Otherwise, it is considered rude! Also, the show's climax is the best part! :) All the best!

According to my read, the morning test of yesterday's test point failed to bring in buyers. From there on the "show" began! All the best!

cool: We were talking about "window dressing" yesterday. Watch the show today! :) [edit: It has already begun] All the best!

I trade intra-day; I don't carry overnight positions.

Someone mentioned here that markets are good "stop hunters"; just be aware that markets are good "ego hunters" too. All the best!

Cool: All I am saying is that the market closed strong today with no "test points" [Acutally, there is one, but I think RTH open should take care of testing it]. So, what I think is most likely to happen is for the market to continue going up, of course, until something [like test failing, or...

I agree there is always "window dressing" going on. The last one was last Friday after cash close. You can just spot one when they occur. But, today was not one of them. But, then what do I know! I just try to read what the market shows me. All the best!

Hope you make a complete recovery, Handle. Your contribution here is really appreciated. Thank you.

12.50 not in my cards for tomorrow given today's price action. As I mentioned in an earlier post, the buying above 94.75 has been very strange: very passive, and comes in at the sign of weakness. Don't know how long it might last. There is no tell tell signs, based on how I read the market, that...

Watch 26.00. If it breaks, price might go to 24.00. If it doesn't .... well, just pray it breaks! All the best.