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??

And now this tiny bearish .382 ABCD sets up against our big ABCDs:





Common! Show'em who's in charge today

Here is the comparison in size of this David and Goliath:

Unlike in the Bible David just failed ...

But Goliath looks really exhausted after the fight

Yes, both the reactions off those ABCD's are 'not right', and shows great underlying weakness. Time for Turbo Timmy and Bernquacke to call up the primary dealers with some additional electronic cash and tell them to get to work. Then everything changes. Weakness turns to 'strength' :-)

And now a smaller ABCD 'W2', number three in a row, back at that key line. And off it goes. Will that be it? The coil breaks upward? The MRRD finally arrives?

Originally posted by jimkane

... Time for Turbo Timmy and Bernquacke to call up the primary dealers with some additional electronic cash and tell them to get to work...

Looks like the phone call took place at 1.08pm

If it doesn't accelerate up like it should in Wave 3 of 3 of 3 than it may roll over with a bang:

And this bump up is now an ABCD, with an ABCD in the BC leg. But will it really roll? Those MRRD's are impressive when they get it smokin' up on zero volume. I never thought you could ramp a market 20 ES points on 200 SPY shares and 8 ES contracts...

I suspect a strong run until the close.

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...