WOW - what a busy Saturday in the forum! Haven't seen anything like this in quite a while ... Better times for the forum coming? :-)

There was also a spike line (hit to the tick) and a division line from my earlier set in this area:

And I have a key line from one of my best sets, which just about duplicates an obvious TL.

But what matters is what it does right here with this bounce. Do or die time.

Was it an ABCD or Waves 1,2 and 3?

Well, that's the spot for the big clue, that's for sure.

I'd guess we are back to status quo, so up it goes? But, let's see.

Notice the sliding // there, and how it hit that and started to dump hard. This is very interesting. Watch this pullback closely.

Seems like it really needed to hit this sliding // first:

This is why keeping the LOD is so important for the bull case:

Nice charts, jarek. I'm still wary of a last hour plunge. It will likely just chop until close, but I am still thinking the bulls may be in a little trouble here. But they have been resilient for an entire year, so they'll probably pull it out, as usual.

Roofer, what u are alluding to with the multiple timeframes comments is that they are deliberately omitting the 'CONTEXT'?.They are just blind to the bigger picture within wich the current price action,indicators,geometry are set up?. That's a big time mistake to deny 'Context'. And Jim will tell you: quote:'without context you have nothing'...it is so true I believe.
As far as computers go with their millions of calc per nanosecond, they still can't beat a well trained human mind with anticipatory instincts,rock solid discipline and a real 'trading plan'. But these types don't come by often and the brain can only function at peak performance for just a finite period of time,unlike comps that can run forever.So I'd assume that's why only a small percentage of the trading population can consistently beat the comps at their own games. And I think those who run the comps are fine with this fact because in the long run they still take the money of the weaker minded masses anyway. So that cycle is perpetuating, making the market wheels go round and rewarding only those who work hard at their trading craft by whatever means and methods necessary.Indicators or not, whatever works is what matters.
Being consistently profitable is no easy task but feasible I think, or else I wouldn't be trading at all. How can one achieve that goal? it's like climbing Mont Everest, many try but only few make it and along the way up you just learn about your true self and deep down inside the only fight u have is with yourself not the mountain...

regards,
T