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.

Okay, the locomotive meets geometry right here at 1086.75...

And the locomotive wants at least 1091. Then a rest, then more. Always more...

Then 96-97.50. Always wants more...

Originally posted by jimkane

Then 96-97.50. Always wants more...

But first it needs to overcome our 1.000 ABCD

Classic unstoppable force (locomotive) meets immovable object (geometry).

Originally posted by jarek

Originally posted by jimkane

Then 96-97.50. Always wants more...

But first it needs to overcome our 1.000 ABCD

You mean at 86.50 here? That's the geometry I refer to, at a key line and .382.

I posted my ABCD on the previous page :-)

Ah, I saw the first chart, but not the second 'W2' ABCD chart. Yes, that's the one, the 'retest', the 'geometry' I was referring to. Stopped it dead, too. But I rather suspect the lack of reaction indicates they will take all that wonderful geometry out. They are still in 'risk on' mode, until the next bad news.

Get ready...

...to KIG :-)

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.