I added the set shown on Friday by Roofer to my DJIA chart. Doesn't this combination look interesting?

While crude was still not able to overcome the Schiff ML resistance shown here in recent weeks, copper reached it's new high right at the level suggested by geometry:

The tools are working pretty good suggesting an important top is nearby:



We will see tomorrow if this tiny classic Kane ABCD into the close was wave 2 of 3 from Friday's top.

Could go either way

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Originally posted by jarek

We will see tomorrow if this tiny classic Kane ABCD into the close was wave 2 of 3 from Friday's top.

Looks like it was. Gold was warning for the last few days that this exactly might be the case.

It looks like we are going to new top from quite big 0.886 ABCD.

It would have to overcome this next classic Kane ABCD first:

End of W2 and next W3 up ?

Roofer's unfilled gap set seems to control this thing pretty well:



I wonder if tomorrow we go straight down or complete the last leg of potential 4PT first?

We have to remember about big 0.886 ABCD which has not broken yet and can send us to new top.

AAPL a few pennies short of 214 today. Smokin' at all-time new highs. GOOG a penny shy of 626, also just exploding to new highs for the 'bull'.

Also setting new highs today for the entire 'bull': Mid-caps, Russell, NDX, NASDAQ Composite, and the SOX Index.