Not only did DJIA hit 50% retracement of price and time right at the downsloping trend line from the top but it also reached the upper ML of a major set coming from Roofer’s The Trade setup at March bottom:



I lost this set from sight after reaching the main ML in May - it was beyond my imagination at this time that the upper ML could be reached in this move …

We have a possible Roofer's The Trade setup on DJIA suggesting 90% chance of a drop to at least Dow 10000 area:

anyone see this potential wave 2 here at the 1109 area?

jarek post the whole chart.... i want to show something....

I'm not sure if I understood you well, but you should be able to see the whole chart after clicking on it. If not, then there is a problem with this new forum software ...

Yes, not only clicking on it, but also notice the scroll bar on the bottom of the charts. Guy is working on widening out the size of the forum on the screen so the scroll bar won't be necessary on this sized chart.

What a nice geometry and potential ABCD off today's bottom:

The area above was taken without much effort. If this one will also fail then MRRD is likely in action today:

Last try today with area number 3. Is this MRRD really invincible??

Will be interesting to see if this spot holds here with this
DT ABCD or it will rollover but I have my doubts.





Mats

Looks like my last chart was captured within seconds of HOD.
Was it also the moment when the beast's head was finally cut off? We'll see next week...

Third time was the charm, jarek. But with a 32.25 point rise off the low, I'd say the PPT MRRD's were out in full force, as expected. I didn't get much sleep, with a range since yesterday's GLOBEX high to close now of over 76 points in smooth trends!!!