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jarek
Rep: 94
Posts: 3,474
Here are two interesting long term charts of main indexes:


Click image for original size


Click image for original size


Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
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jimkane
Rep: 3,058
Posts: 33,089
Hey, anyone notice gold, a few ticks from taking out that all-time high? Who has been saying since that last high that it was but one more proportional dip in a series of such dips on the way to yet another new high? As it was written, so shall it be... :-)
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jimkane
Rep: 3,058
Posts: 33,089
Does everyone see the ABCD here at a key line and .236/.300, with a 3D into the area? If that plays out it should launch on the open.
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jimkane
Rep: 3,058
Posts: 33,089
They're off!
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jimkane
Rep: 3,058
Posts: 33,089
Careful at 48.50 and that smaller ABCD.
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jimkane
Rep: 3,058
Posts: 33,089
Main areas 51 and 54ish.
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jimkane
Rep: 3,058
Posts: 33,089
It shouldn't be stalling here...
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jimkane
Rep: 3,058
Posts: 33,089
Okay, it threw a small ABCD, and now it's got that 51. Now we see.
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jimkane
Rep: 3,058
Posts: 33,089
The key area is 53-55ish. If it got over that, it would be impressive. What it may do is come back off that in a 'W2', then up and over the 62 area, to 80. Personally, I'd prefer that area sends it to new lows, perhaps in a bigger ABCD, but we'll see what it does.
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jimkane
Rep: 3,058
Posts: 33,089
Careful in here...
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jimkane
Rep: 3,058
Posts: 33,089
Gold 1225.20...
RO
roofer
Rep: 3,689
Posts: 3,574
geometry...
Click image for original size

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...