Here are two interesting long term charts of main indexes:






Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??

Yep - my area is gone. Time for waves 6 and 7 as per your scenario

Jim what a trade...I will be amazed if we see 80 today....I cant see past 74ish..but then again my name isnt "JIMADAMUS".

I'm not seriously saying we'll see 80 today. I'd think it totally absurd if we did. I only know they want that area real, real bad, and want to get it there as fast as possible. That may be today, or tonight in GLOBEX, or heaven forbid, as late as the morning ramp tomorrow. All I do is stay with the trend until the trend tells me it is over. That could be anywhere in here, who knows.

Originally posted by jarek

Yep - my area is gone. Time for waves 6 and 7 as per your scenario

Not necessarily. That barely got over your upper end. If this selling can follow through (Hah!), that would be considered a dead hit in my book. But I suspect it will just use that for a little bigger pullback, and up it goes. We'll see. Personally, I'd love it if they crush it to dust and that's 'W2' in the new bear resumption. Well, let me dream, anyway...

It has to take out this 62 area here (and not a stab fake and snap reversal), as a bounce at this previous resistance now support would give it a base to go to a new HOD.

Now a test from below would be cool. But I rather suspect it will be straight up like a rocketship.

They are toying with me. A little ABCD up to 62, and it starts to roll. That's too perfect, I can't imagine it doesn't trade higher than that. If it rolled here, how classic would that be. Notice the chop on the tick chart as it realizes where it is, and what is set up here? Look for the explosion up...

Gold looks ready to make a move up to the new all-time highs any minute. If so, I think the market will be selling off. Let's see, as it sits on this key area here...

same games..a balanced moves brings it to 52-51 ish....

ES really at the point here where the price action clues will tell me if it is done there or not. Key, key spot, especially for that gold thrust.

And I didn't even get that posted and SWOOOOOOSH! ES hanging on by a thread.

geometry...

fyi, i took a portion of trade off at line from set... but i kept a portion on with wide stop equal to profit....we shall see...