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.

Yeah, that's terrible, three minutes and one tick, the methodology is just awful.

They sure do 'see' it, eh? But, will it give a sustained reaction? Are ya bullish?

Originally posted by jimkane

...Are ya bullish?

Not yet since we haven't reached the target for the decline off our even bigger bearish ABCD from the weekend chart

First obvious target off the bullish ABCD already reached:

It would be scary for bulls if this was it as it comes to the move off our bullish ABCD. Roofer's The Trade target was also already met:

Yeah, if they can't defend the 'W2' spot, they may be toast. But they'll come through at the last minute. I can hear Bernquacke on the phone now to the primary dealers, giving them a turbo boost in their credti lines and telling them to get busy.

The bulls out there are really weak at the moment:

C'mon, PD's (primary dealers), didn't that check clear yet, you need to inflate this thing. Spend, spend, spend. It's the American way.

Originally posted by jimkane

... I can hear Bernquacke on the phone now to the primary dealers...

Looks like the line might be busy at the moment and he can't get through...

I think the bulls are past weak, they passed go awhile back, didn't collect $200, and are headed straight to jail (the slaughterhouse). Unless those PD's can get that PPT machine working. From 'Trading Places': "Turn those machines back on...."

Well, well. Our bullish ABCD is already a toast:

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.