I continue to believe that the move down off our big bearish Kane ABCD isn't finished yet because it hasn't reached 1.272 external retracement of that ABCD. Therefore I still look for a potential W4 correction of that move in the form of a sharp zigzag. My downsloping warning line was breached on Friday but there is a downsloping set suggesting that Friday's high could have marked the end of such zigzag. There was a clear retest of the line before the end of the session so it looks quite interesting:

It is a lovely swoooosh, now isn't it?

And that volume spike didn't send it up hard, so this 'retest' is ever the more critical. I'm always watching for the next 'flash crash'.

it is right at the area..management mode now

yes Jim..watching 6850-70.75 now....Copper was such a huge clue. You always mention "Intermarket Dynamics". Copper had that TD ABCD basis 60 min and just "Glide and Ride". It was weak this entire weak.

Yes. FCX also had the same pattern, for obvious reasons, and it's been a nice ride, too, for the stock traders.

wow..what a reaction...now they play games below 60 min support or deeper flush then anyone expects?

That is the question...

back to the flow..now maybe up and over..

so I feel we are at a decision point here..we have multiple fibs,lines,//'s,and we are at DB I.B>..it is 3:30pm and it has to get up and go fro here I am thinking or we will see the "Flash Crash" prices at 57-50.

and flush...."Ride and Glide"...as most day traders/scalpers counter all the way down...

traders here know i trade a stack of charts in groups of ten to look beyond the indexes to see if the parts support a bias in the market.. especially before a big report i ask the cold hard question strictly based on the geometry...'' is the geometry of sell or buy in place on the previous days close.. so that no matter how ''good or bad'' the news, the computers already know how they will react?''then i ask after the initial reaction on the open'' does any additional geometry, usually an 886 on gap at line, support a continued push all day in one direction...?''here is a glimpse of my charts... note KLAC is an old favorite of jim's... the dbs was just waiting to blast.