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??

They're off!

ABCD in here, at .382 and key line. But are they ready to buy in here???

Key line here to see if they really plan to run off this sweet ABCD.

Charts

Al Kamego

Wow, they came off that little pullback ABCD there like a shot!

3D to a 'test' there and local top? I'd love to see this nice, big sweet bullish ABCD fail. You know what that would imply...

You all notice how the reaction off this spectacular-looking ABCD was all chop and grind, and not impulsive?

Jim,

Could the "chop & grind" also be called "overlap?"

TIA.

Al Kamego

Al, in this case, yes. Very corrective looking, not what one would expect off such a clean pattern setup. It was expected by me, though, as can be inferred from the three ??? I put in the original post.

Thanks

Al

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...