Getting close to a key spot (as posted a few weeks ago, forgot which thread)

I hope that snp 300 area would be a likely area to enter the market.

Al Kamego

Well, if that did happen we may then see the end of the secular bear trend (which I expect around 2017), or it may happen sooner, and do what Japan did, which is just grind at low levels for years and years. It depends if deflation really takes hold. Most say it can't happen (S&P 300), which is why I rather suspect it will. But maybe not for years.

Thank you.

Al Kamego

So, what are the chances they will come in here, likely soon, and start a ramp into the close? I'm thinking good. Technically, with no reaction to this key 4PT and line area, and the corrective look to this action on the floor here which it can't get up off of, I'd think close here, or more down, through the area. But, since March, in situations like this we'd get a monster ramp into the close, to try to finish it positive. I just want to be ready...

If we don't see the ramp, that's a clue as to a possible attitude change. It might be just a clue that it needs a bit more correction, too, but they usually do that in proportional steps, not all at once.

Okay, is it starting?

ok, so it's been dangling around that bigger set ML for three hours now. I suspect they want to ramp

Oh, they want to ramp alright, it's just a question of if they will or not. I'm not sure which member of the Illuminati makes the decision, or when, but when he does, watch out.

Boy, is it weak...

Okay, a little ABCD shakeout, and now it runs until close? Just going to let this oinker play out. It takes a lot of patience, I'll tell you that.

yes to the trendline creep.
higher timeframe chart for clarity