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??

Here is this .382 ABCD and initial reaction off it:

I noticed that Al posted it already earlier today - nice charts Al!

You are welcome. And I thank you for all of your wonderful charts. Your charts & comments are really great.

Al Kamego

Jarek,

Thanks to you too.

Al Kamego

Notice the TL over A and C and where it rolled over, with the 3D visible on say a 3-min.

Right back to the ABCD key line, and sitting on it. If that gives way, watch out.

Oh, yeah, and it came back in an ABCD. I think it will give way. If so, these are big clues that this may be done going up.

If this is a big W2 from the top than there is still some room left for the upside:





Although today's high lies exactly on the divisional line of a nice natural set with multipivot ML.

The potential W2 of the move off our .382 ABCD was more than perfect and also took shape of an ABCD:





So if the setups fails we will have 2 failed ABCD at the same time adding significance to the event.

Those are the charts I am talking about, and the concepts. Look at that chop crap action off the 'W2' ABCD off the bigger ABCD, right at the key line. This should be rocketing up. And maybe it will. But the response is muted, and shouldn't be. That's why I suspect it may fail. If it does, I think it is extremely technically significant.

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...