Originally posted by jarek

Maybe in the current environment we needed not just 3 drives to the top but something like 3.5?

It is very interesting to note that the push to the last top in ES was equal to exactly 61% of the average length of the previous 3 drives:



Is somebody playing games or the manipulation adjustments should also be calculated using the Fibonacci sequence? :-)

Does everyone see the flat ABCD on say the GLOBEX 15 or 30-min? No reaction to that would be quite curious.

And yes, jarek, I see why this can't be a flat here, if I'm reading it right.

See it..that is clue Jim...

This thing wants down really badly ..

I keep mentioning the critical nature of copper to the 'recovery'. Does everyone see the natural set on the weekly? It picked the low right off, and it is now right at the upper //. This would also be an 'adjusted' set here, if the natural didn't already have it. This is it, folks, in my opinion the most critical thing we have seen since the market bottomed in March. I was hoping someone would have posted this before I had to give it away...

Watch this DT ABCD here very closely.

This DT ABCD could be the CD leg of a bigger 4PT. I still say this is most likely going to new highs.

Originally posted by jimkane

I keep mentioning the critical nature of copper to the 'recovery'. Does everyone see the natural set on the weekly? It picked the low right off, and it is now right at the upper //. This would also be an 'adjusted' set here, if the natural didn't already have it. This is it, folks, in my opinion the most critical thing we have seen since the market bottomed in March. I was hoping someone would have posted this before I had to give it away...

I was posting this copper weekly set few times - last time on Dec 6th

jarek, I looked back, I see that you did. That's the one. I guess you are on the stick with copper. To me, what happens at that line is the most telling thing of all that we have seen since the March low. This is where they put their money where their mouth is, as far as what they truly believe about this 'recovery'. If they are willing to back that theory up with money, that line will not hold, and I suspect new all-time highs will happen, and 'deflation' is a joke. If copper rolls off that in a sustained move, I think the market and the 'recovery' are done. Let's see.

Originally posted by jimkane

This DT ABCD could be the CD leg of a bigger 4PT. I still say this is most likely going to new highs.

I guess you are talking about this one:

in other words... it used to be that when a bear market was coming to and end, you would see relentless block accumulation. in late 81 and all during 82 there were block after block of million shares.on large upticks... then the stock would selloff so the specialist could cover his short position..it was pure manipulation.... in a market that did not trade over 30 million share a day....but with the advent of bearish etf's,the big traders can accumulate large blocks in small bits on downticks under the radar knowing they are going to take market higher eventually by being hedged with bearish etf's.