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:

Jim .I liked that panic sell..now 65-67 I have now as management areas..

ok have a nice weekend Jim and to all..great commentary Jim as always.

That was a sweet finish. Look at the potential big bullish 'W2' here at the close. I'm not bullish by any means, but if that was a bottom of sorts for awhile, this is a nice setup for them to gun it off of. The funny thing is, if they ramp it over the weekend with some games, it would gap up, and leaving a gap like that unfilled is an issue. So, maybe it fills it down the line, but another gap and go explosion, complete with bullish talk? I tire of all these technically weak moves and all the talk. But, the chances of it rising off this area after opening even and then just rising, after a Sunday night GLOBEX/Monday series, I just don't see that too often. So, this is a very curious situation in here. It's also possible that recent high was actually a D point in an ABCD off the low, and this was the first push down. If so, a bounce up and then roll into a 'W3' might be next.

of the 3 .886 trades taken yesterday and posted.. IWM was stopped out yesterday as scratch,AAPL was covered at today's close.FAZ is stlll being held....

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.