Here is the update of my chart from last Saturday:





Last week's drop confirmed the big bearish ABCD from May 6th to May 13th. The minimum objective for the move off it hasn't been reached yet, so we should expect more downside in the coming week.
I'm thinking about the scenario of another zigzag ABCD right to the same downsloping line. It would alternate nicely with EXP ABCD from the beginning of the week and help to drive prices to 1.272 off the big ABCD.

Originally posted by jimkane

So, will they realize the wheels are really coming off the wagon, or will they reflex snap it right back up... ?

Same game, different day. Snap reflex making almost all of it back... But now what?

I'm watching 74-75.50 next. So far, so good. 97-98 was something, eh?

I'm being cautious all the way, though, as the gov manipulators may come in hard at any time, and I suspect they will.

And they sure did show up right after I posted that.

Originally posted by jimkane

I'm being cautious all the way, though, as the gov manipulators may come in hard at any time, and I suspect they will.

I posted that at 14:10, and the low was at 14:08! My 'spidey-senses' were all over that vibe.

Now, if they can't keep it going, this is an area here I'm watching.

97.75-99 now the next key spot. Those MRRD's are strong.

Oops, 99.50 and then the swoooooosh. I guess within two ticks is pretty good, huh, for a posted guesstimate?

What's cool is the drop to 90 and bounce was at my next spot to the tick.

I think this wants 81, but time is running out. It would be impressive to do it in after-cash, but I'm not counting on it.

Wow, 84, that's faster than I thought, it actually could do that 81 if it wanted...

Jim I wish I was here also ,but was working. Jim maybe getting a private room where you can see who is actually in the room on a daily basis maybe better suited. At least then you can see who commits on a daily basis and for the ones that can't be there live for personal reasons(day Job, different time zone) can post charts at their leisure or per your request. They have software that a click of the mouse takes a screenshot and sends it directly to your room. As you usually point out with uncanny ability area after area, is it better to take a screen shot and point out the time frame you may see this on then describe it and have no response and only to refresh the forum a couple of minutes later with no response. Their can be rules in the room as if you make a comment and someone has a question but you are preoccupied with your own trading ,you flash a signal or icon saying you will answer when available. If you start to see the interaction is better and more questions arrive you may charge a fee. Your time and energy is money. I guess it is all what you want out of the forum and your members and how you want it structured. This is just my opinion to try to remedy some of the frustrating issues.