They won't let it go down until the 3.41 express is out of service...maybe Obama will cut its budget after the banks have completed all their secondary offerings
Hope you were on the 3.41..left one minute late today
ES Journal Archive (2009 - 2010)
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They won't let it go down until the 3.41 express is out of service...maybe Obama will cut its budget after the banks have completed all their secondary offerings
Hope you were on the 3.41..left one minute late today
Quote from Spooz Top:
bigger potatoes.......
looking for a nice gap tomorrow as well.
LC,that 950/850 wager has to look appealing to you now?.............btw,nice work on the info you provide here.
Not really ... as a 2nd down day, the range today should be greater than the 1st day, making the gap fill complete.
BUT, we held up there above the gap - very bullish sign, at least until a challenge of the gap.
Quote from Renah:
Thank you for all the good info you post here LC, great work! ;-)
Good luck to all.
Welcome.
Taking a break now to fix my $#@#$ laptop.
On the sidelines I had some time to look at the daily from a fresh perspective. Lawrence mentioned the bully was overbought in regards to time. I don't disagree; [..but..] the breakdown started on a fresh reaction cycle, retraced 53% of 823 and tomorrow starts another reaction cycle.
There's no doubt reading action bears were running to double test the low of April's high. They sliced through the high, but it turned just as suddenly and started to establish a bull bias reverting to the mean with a close today in line with a value area to buy this pull back with support in the 90s. That hard of selling I call a head fake and anticipate a buying exhaustion run for January's high, then retrace this thing.
We'll know after tomorrow's IB if bears extend, this never was anything other than a bounce. Because were it a bull we need three strong prints above 929.50 after this fourth wave before smart money buys or covers half the range.
If that's a top, wth, everyone else in neo-con garb favors lunacy and extremism these days: projected 538.25 bottom!
If not, 1128 even peak before a mass exodus of three years of chop taking every piker's shirt and then life on this side of the equator.
There's no doubt reading action bears were running to double test the low of April's high. They sliced through the high, but it turned just as suddenly and started to establish a bull bias reverting to the mean with a close today in line with a value area to buy this pull back with support in the 90s. That hard of selling I call a head fake and anticipate a buying exhaustion run for January's high, then retrace this thing.
We'll know after tomorrow's IB if bears extend, this never was anything other than a bounce. Because were it a bull we need three strong prints above 929.50 after this fourth wave before smart money buys or covers half the range.
If that's a top, wth, everyone else in neo-con garb favors lunacy and extremism these days: projected 538.25 bottom!
If not, 1128 even peak before a mass exodus of three years of chop taking every piker's shirt and then life on this side of the equator.
Upward trend channel defended remarkably. Expectation for tomorrow : retest trend channel lows. 881.50-882.00 areay, but most probabyl tonight with negative mood in Asia. UK ratings, US ratings in play.
GL+GT
Guess what tomorrow is. Lucky #7th cycle 
And, on the 7th, there was confirmation of a continuation buy trading higher on extension. The blip, as Lawrence seems to beat everyone pointing out, the good man that he is, is that the consolidation after the breakdown sort of split the cycles down the middle and at least temporarily, at least some others seem to agree, bears have just a little bit of edge left.
I could tell you when the rally should begin, but that'ld be showing off.
My work, with a little help from Crane (you'll note from this next ledge drop, the 20 period slow stoch will give a continuation buy):
And, on the 7th, there was confirmation of a continuation buy trading higher on extension. The blip, as Lawrence seems to beat everyone pointing out, the good man that he is, is that the consolidation after the breakdown sort of split the cycles down the middle and at least temporarily, at least some others seem to agree, bears have just a little bit of edge left.
I could tell you when the rally should begin, but that'ld be showing off.
My work, with a little help from Crane (you'll note from this next ledge drop, the 20 period slow stoch will give a continuation buy):
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