So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:



Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...

But that 61.75 is an area there, so it has to roll again soon here, or up it goes...

And it bounces to a .447 and key line, and rolls. But watch this .786/.886 area here, because this is just not acting like they are going to be able to sell it, and this is the spot they like to game it if they can't sell it.

And right off that .786 it explodes. Now we see if they are happy with that little trap and it can move now, or not.

i see that one Jim

It's just a game they play when they aren't going to take it down but they have a lot of trapped people thinking they will, and this gets the rest of the people wrong-footed to the max. I watch for it every time I sense the move will not continue, but looks like it should. Notice the ABCD at lines at that 61.75 low.

I also look for it to see if they are just gaming some people before they let it drop. It's an area it shouldn't react at unless they are playing games, in my opinion.

67 or 69 next if this ABCD here at line doesn't roll it. I still feel they want 'up'.

67...

Yes I think it will be more up but 1.128 ext. ret in the last 5 wave
was not broken so as you said there is not much steam left.

Thanks both of you.

Mats

We have the highest number of posts since the inception of weekly threads. Let's hope this activity will continue.
Thank you Jim and George!

Okay, 67 was it. See ya all Monday. Great posts, everyone.