kbit 

Kinda liking the short idea here at 822 down to about 814.7 ......top has to hold here

excellent call.

perfect entry and perfect target. very well done.

Finally hit 802.5...been a long time waiting, let's see if something happens here

Forgot to mention that 798 is a target at some point so be careful

I guess I'd like to see it drop to 797.3 (S2) and see if we couldn't get a run back to 807ish

If your long off 98 don't marry it....take it off with some profit if if comes back at you....may not play out like this but...

Sorry if my previous posts weren't to clear...just got back from lunch and in the heat of the moment kind of thing didn't spell it all out.
Anyway at this point on Monday I guess we'll have to watch around 807 and 797(which I might change my mind on after I spend some time eyeballing the whole situation)

I'll post something this weekend

I have to tell you, the levels you're posting are rather impressive. especially that 798. great job.

also need to tell you, I don't like that move in tf. someone else already mentioned in another thread about the dow transport lagging behind. for me tf and the dow transport are leading indexes.

I still remain extremely bullish, but might have to fight a pullback in the near term, if those 2 indexes don't show any improvement soon.

kbit, do you have any idea what 802.5 was. I did not find any logical reason why price stopped there at around 12:26 EST. After that, price retraced to Yesterday Low at 805.5 and finally dropped to a previous area of demand which i was watching for a long.

Silvester17 

I have to tell you, the levels you're posting are rather impressive. especially that 798. great job. also need to tell you, I don't like that move in tf. someone else already mentioned in another thread about the dow transport lagging behind. for me tf and the dow transport are leading indexes. I still remain extremely bullish, but might have to fight a pullback in the near term, if those 2 indexes don't show any improvement soon.

I agree with you on the bullish idea ...big picture wise.
I know it's been kind of wierd with the TF dragging it's butt...as you know I've been witing for some kind of pullback but the ES and others have been holding it up...anyway, like you say we just take it day by day.

trendisyourfriend 

kbit, do you have any idea what 802.5 was. I did not find any logical reason why price stopped there at around 12:26 EST. After that, price retraced to Yesterday Low at 805.5 and finally dropped to a previous area of demand which i was watching for a long.

Yes I do know why it stopped there

I'll have to scroll back through my charts and post what I saw that told me that was a spot.
I do remember pointing it out when it happened. That is to say,and it probably will sound goofy but on the way up through there whenever it was that they left what I call a "footprint"
I'll find it and show you this weekend.

kbit 

Just looking at things and have determined that if/when it comes back down 802.5 is a spot to be reckoned with Edit: I'm seeing a footprint here at 805.5...in other words if say we turn around at 809 ish that might be a good first target As I'm writing this I see another happening at 806.8......

TIYF, I found the post I did (Feb 1st) and I'm looking back at my chart but something must have changed with my old data because I can't see it now...but it was there at the time otherwise I wouldn't have said anything.

The next time I see a "footprint" I will post a chart right away so you can see what it looks like. sorry.

What appears to be an oasis for traders may actually be a mirage

Seriously, what do you mean by a "footprint". Has it something to do with volume? or bigfoot sightings maybe!

kbit 

TIYF, I found the post I did (Feb 1st) and I'm looking back at my chart but something must have changed with my old data because I can't see it now...but it was there at the time otherwise I wouldn't have said anything. The next time I see a "footprint" I will post a chart right away so you can see what it looks like. sorry.