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Like a turtle to his balcony...
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Like a turtle to his balcony...

  #901 (permalink)
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Here comes the test


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pulling stop in

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closed, minus 4. Going to see what ES does

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Expanding on that repair theory, 94.80 is the top of the zone. But that puts the short trying to fade K period, which I am done doing. But tomorrow, if the setup looks right. Shorts being removed today has weakened the market underneath. ES has little chance of not breaking the high now.

CL sellers are absorbing the move very nicely up here... For Long Term Sellers, this is the place. That does not mean they will win, but definitely on their radar. Heavy selling will most likely wait for ES to do whatever up here.

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Merging the profile back to the repair zone puts the POC at today's low.


Last edited by GaryD; April 9th, 2013 at 02:59 PM.
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Can you imagine what equities would be doing if there were some actual positive news that suddenly appeared? From the very bad NFP report at the open on Friday, up 32 handles, on *zero* news. Even MarketWatch, the king of BS headlines, can't think up a good one for this one. Personally, I would say "Markets up in anticipation of FOMC minutes tomorrow" if I were writing a BS headline, but that's just me

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josh View Post
Can you imagine what equities would be doing if there were some actual positive news that suddenly appeared? From the very bad NFP report at the open on Friday, up 32 handles, on *zero* news. Even MarketWatch, the king of BS headlines, can't think up a good one for this one. Personally, I would say "Markets up in anticipation of FOMC minutes tomorrow" if I were writing a BS headline, but that's just me


Man, you just added the comic relief I needed after staring at this thing since yesterday!

I started to see that open zone in CL that reappeared 4x recently, and had thought before that 94.50 was the line for staying short, so today has been a long story unwinding for me. If if were not 2pm I would be short as hell right now.

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Wouldn't an ES double top be a nice addition?

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Can you imagine what equities would be doing if there were some actual positive news that suddenly appeared?

That is why I drew the line at ES 1565 and scared myself out of my short. $5 says ES still has to take the high out.

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That is why I drew the line at ES 1565 and scared myself out of my short. $5 says ES still has to take the high out.

If anyone took that, please mail my $5 to "Pete's Point", Orlando, Florida.

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