beaver and racoon pelts

missed the low by a penny!

However, I think it will make a hasty retreat by EOD (in Canada we are trading till 4)

muchas gracias!

and as a naturalized Canadian:

have a good one eh

going long soon. See if I wake up Monday with a few extra bucks.

Happy Thanksgiving Americanos

Did you get one?

good to hear windyjazz. Scalping is the only way to play it for now.

if the market closes at the lows or below I'm going long - just the gambler in me

I monitor the ES, SPY and SPX

The SPY 1 min had about 5 large bars down before the SPX opened the second 5 min bar. I don't know what time frame you were monitoring. Also, the SPX broke down but not exactly according to the three bar breakdown that Steve posted.

Because the SPY 1 min broke down so fast while the SPX 5 min was still on the first bar I got out with some beer money

forgive me if I'm wrong windyjazz, but that was a 5 min chart so you are about seven bars behind

do i see an H&S? sort of?

no more f@#$ingaround today. I'm out with some beer money.

yes. Now its retracing to the broken line. If it punches through I think the market retraces

I'm comfortable today as I managed to buy at the bottom. Gives me some room to f#$k around

could morph into a short term channel or cup and handle if the bulls wake up

5, 10 and 30 min have turned positive

agree about 1214 but I'm staying short till EOD. Not too much to lose if it goes to 1235 (just money)

ok, tell us the next logical move

You glance at them and go "hmmm" - then you flip a coin

Steve or Matt can give you the serious answer but I don't find them of much use without a clear trend.

But you might have something there about netting them and averaging them out and hence come up with a new indicator

one learns something everyday! must admit I had to look it up. Makes your head spin!

S&P rallying up - smells like a bull trap - chop chop

that's my poetry for the day