I wanted to show some charts but was not able to attach any files. Probably some technical glitches over the weekend...

Of course I am watching this ABCD and 1.272 area right here, in case this is just a bearish correction here. 93-94.50 is the range for that possibility.

Very interesting initial reaction off that ABCD there. What it does right at this very spot now is a big clue for me.

Originally posted by jimkane

Very interesting initial reaction off that ABCD there. What it does right at this very spot now is a big clue for me.

So, what was I watching there where it turned on a dime? .447 and key set line. And up it goes, forming a W2 as it takes off. What kind of W2? A 4PT. Now at 95.25 it sits at the upper // of a key set. I suspect this could rocket up strong from here, but this is an important spot, so I am watching it closely. So far, I gave all the clues to watch and spots to consider, and it is following the script quite well, in my opinion. I hope everyone saw all this as it happened.

I hope everyone saw the fantastic ABCD in crude at 9:17 AM today. I'm sure you all did, but I wanted to point it out in case you didn't. Look at say a 610-tick chart or a 5-min (it looks better on the tick chart). 1.000 ABCD to the penny by my data. And yes, that was part of a bigger 4PT, best seen on the tick chart.

So, DELL misses across the board, and not slightly, and the futures and DELL are barely down? It should be a big-time crush. Very curious.

Is it up again ? Looks like a 5 wave down maybe complete?





Mats

0.886 from prev day low. Explode from here?

Well perfect ABCD at globex and not taking out 1.128

well I am 20 min behind.

1086.75 important level on upside
after complete ABCD with ABCD in BC leg.

on 1 min

Mats

Well Jim as you have said in your books depending on timeframe.

My thougts for now i that we maybe have a correction from that
5 wave down on 60 min.

But we will maybe have another BC and CD leg from that.

I was on globex 5 min and normal 1 min when I posted this day
(evening in Sweden).

Very nice on 5 min globex.
What was caught my atention was the corrective 5 wave down
in the CD leg

Well globex seems to be equal important.

In longer terms I think it is up, it has never made a correction
yet that will say it has changed direction.

Mats