When I posted the first chart below on the night of 29Apr2010, many were calling for new highs the next day. ES was pushing the limits for my reversal scenario to get us to new lows and the end of a proper W4. I've seen ES push the limits for retracements so many times in the past, that although I was getting less sure of my opinion, I was going to stick with it up to the 78.6% retracement level.

Posted EOD 29April 2010:

This is the market action for the next day. I used the same regular hours trading chart as above, but indicated where Globex went during the night. Interestingly, both of my projected paths were followed - one by Globex and one by trading during regular hours.

I especially like to post these spectacular moves, but every week we have equally good projections on the smaller action. Major reversals are always the calls we want to brag about. Ben has to harass me to get these track record posts done.

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