940 next...

Okay, let's see...

SL minimum target in the 870 area, if this played out.

And that's standard TL support. But that's a big if, that it plays out.

just realized that you said SL (spike line). What's the S in DBS?

pretty cool test of that standard set here

DBS is a roofer term for 'double barrel shotgun', an overlap of two 1.272's. So, a 10-gauge is a big barrel shotgun, 12-gauge being the more standard gauge, so I coined the term '10-gauge DBS' for myself for 1.618 overlaps.

not a seller in sight...

M, S= shotgun
the action is awesome. even a 12gauge 1.61DBS can't stop this thing..
what will it take to stop a moving train?..my answer is another moving train ! 940 area looks good to me. we'll see.
T

No, it's a call only market. And when a seller comes in it will be one big one, no trigger, just a swooooosh, that's how it works when something is so heavy like this.

I'm just not that concerned with when or where it turns, as M says 'Lean on the trend until it breaks'. Buy, buy, buy, buy, until it's not time to buy any more. Pretty simple.

Lots of banks up 20%-25% again today, materials and mining up about 25%, Transports up same as Industrials, 214, looking good. Lots of breakouts. I think Asia might be up another 4%, 6%, or more tonight. Hang Seng will probably be up over 1,000, maybe 1,500. Taiwan is the mover, though, popping 5%-6% per day, but may start moving 8% a day now as this accelerates. Maybe we get to my next area after 942 at 1012-1018 in the next two days, to hit my time factors I showed in the latest commentary, then maybe we pull back ten points or so, and then we can really get moving. I hope everyone gets my point. I am not the type to just say things, I want people to think for themselves. Do you understand what I am getting at? Please do not ask what I am getting at, I just told you.