None of the 2 recent big bearish ABCDs made it to 1.272 of it and now bears may have to pay for it. Any move above Friday's high should confirm this:

bamm..bammm short squeezeeee..

Some things never change. It hits right to the .886 and they just explode it up. Now 5 full points straight up off that. That's why I discuss the 'Game Zone' in here. I just added the term to the KT terminology page.

Hmmm, I wonder why the manipulators showed up right at the instant they did? Too funny. Now it is 'backtesting' the key TL it broke, no, wait, it just exploded up and over it, so I don't even have to add my next comment of 'it likely won't be much of a backtest'... Just too funny.

Okay, looks like we'll be going up big for awhile now... Today's low put this back under the 200 dma, and it was poised to sell hard there and create a close back under that 200 dma, so they had to come in and gun it up. Same old, same old with this crowd. And right from the most predictable spot. What an 'edge' it seems to provide to know when to look for this in the 'Game Zone' (whenever a big drop from that point would be distasteful to 'them'). Now up just about 10 points off that area.

And right to a SL, where it stopped dead. Very interesting. I rather suspect tonight in GLOBEX and tomorrow could be up very strongly. Too bad, too, I hate to see such a nice technical area blown out on manipulation...

great comments and insight into your thought process...thanks.

Originally posted by jarek

Originally posted by jimkane

... I'm alert to a bounce that sets up a 'W2' out of this, too...

We have first candidate:

.. and here is the second candidate:

That's what I'm hoping, jarek. Like I said, I'd hate to see all this nice technical action get blown out by manipulation. Add a spike line on there from that high just before noon to your B point. Pretty cool, eh? But, once they get 'the phone call' to ramp it, no force on earth can stop it, in my opinion. Now it just depends on how much the call told them to ramp it...

two things.. one .. jim you never told us about the important stuff... how was your break?... and two i feel ok about posting this in light of jim making reference to non disclosure work....jim is stating that outside of the few perma bears no one is forcasting 150 snp.....based on work i can not disclose multiple gann traders using different techniques have been calling since 2007 for the market to be dust in the wind by 2014...it really depends on what circle of traders a trader is in... for example, everyone here knows, and my friend joe knows, how relentless i am in trading the .886 on gap... yet outside of the teeny tiny sample,i am invisible, because only joe and this group and one student have seen alot of my charts....and the late day ramp based on one of jim's non book abcd's was accompanied by my ''kiss'' indicator setup., my favorite....yet only one other trader has seen my collection of that setup...it is just the way it is...

Very weak after cash finish, one point from the RTH LOD. This gives some promise for that potential bearish ABCD, especially coming into the usually weak triple witch June OpEx week after time period. I can't wait for next week and maybe some real action. Today was a real dud. Ho-hum, yawn, zzzzzzzzzzz, I need to go outside and do some work and wake up. See ya Sunday night.