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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 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.
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.
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.
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.