Interesting week ahead with SPX dropping on Friday most in 2 months right from the levels and lines shown by Roofer. Also his old DJIA set suggests that bulls need to be aware:





Quite interestingly Thursday's high was 80 years to the day after the 16 April 1930 top of countertrend rally from 1929-32 bear market

i am still short from yesterday..i expected to get whacked this morning ... but the geometry held....and since i had great trade location, 3 cents from swing turn, i did not exit overnite....the garden is calling...i have entered a break even stop....

please note, i am short by being long dxd at 25.04... the one missing piece yesterday was the QLD....here is the chart showing how it is set to open at the .886 on gap- at line...should be interesting....

my long term chart

still short this ... target is clear

looking for trade

One more time the sudden change of sentiment came out of the blue sky very close to the predicted area. The volatility today might suggest that an important turn is nearby.

CAT has reached the first logical target given by geometry... i am thinking potential kane abcd in indexes.... there fore i have moved stop to red line...

Jim - would you treat such 4PT with "shortened" 34 leg (hasn't reach the line at usual retracement area) as a sign of weakness ahead?

based on my thought about a LARGE kane double bottom abcd forming... i got back on the pony on retest....remember''they who are to be judges, must also be performers'' aristotle

ES formed potential .382 ABCD from the top. Can it make a new high off it?

my apologies for showing sloppy work today... i was so eager to get my trade off and get in my yard that i did not dial down and see the micro gap left on open... thus for seventh day running price opened on gap on five, the computers searched out the .886, and that was it for the day... price was off and running..