Red

Carl at day’s end:

1131-1145 estimate today for /ES (14 points)
1134 -1145.25 actual today (11.25 points)
Missed the low by 3 points, nailed the high.

Trades:
Bought 1 unit of /ES at 1138.50 yesterday, sold it today at 1143.25 (gain of 4.75 points)
Bought 1 unit of /ES at 1138.75 today, sold it today at 1143.25 (gain of 4.50 points)

Grade B

update 4:01 SPY's containment pt. remains in control

update 4:01 est SPY was rejected @ controlling TL

Carl sold both units at 1143.25

SPY controlling TL update
http://www.flickr.com/photos/47091634@N04/44198…

this chart is the reason why the operators haven't let the $SPX run yet like they have with the $RUT and $NDX
http://www.flickr.com/photos/47091634@N04/43590…

consecutive monthly closes above that purple line and we're going to test the all time highs,

what would cause such a move; currency event

Now do I think this is a very probable scenario; no

The time element co-relational to the regulatory aspect of the market can be very telling

SPY 1/21 -1/22/2010 = 2 trading days
114.27 – 109.09 on ~ 690,000,000

SPY 2/16/2010 – 3/5/2010 = 14 trading days
108.86 – 114.34 on roughly 3.5x total volume of 1/21-1/22

Hi Sundancer,

Here is a weekly SPX chart with a channel indicating, to me at least, that we can head to 1230ish before heading back down. Any thoughts?

http://screencast.com/t/ZDEyYTBiOD

Thanks in advance.

for those will eagle eye's, the 1131.56 $SPX gap on friday will tell you what you need to know
http://www.flickr.com/photos/47091634@N04/44203…

Crazy can be nice, but it never lasts very long 🙂

SPY's containment pt. still in control
http://www.flickr.com/photos/47091634@N04/44202…