Here is this potential bearish ABCD looming over the market for some time already:





Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.

That is the question. The really cool part is it doesn't really matter to us as traders what it does, as long as it moves. The more it moves off areas we find, the better. I think some exciting action is coming.

Yesterday's downsloping set is still guiding the price action pretty well:

Will it be able to get to such an obvious spot?

jim- i guess i am a little dense on this one...do i understand correctly that if we up vote in this private forum, then it helps your status in the public forum?

Originally posted by roofer

jim- i guess i am a little dense on this one...do i understand correctly that if we up vote in this private forum, then it helps your status in the public forum?

Okay, the number we all have by our names, not the post count, is the 'rating' each person has for anywhere they go in mypivots. Every time someone hits an up arrow by a post, the poster gets 10 points added to his total. When someone hits the down arrow, they lose ten points (or is it 5 points for a negative?). Each positive vote costs you nothing, but a negative vote costs you a point from your own score. That's designed to make people think before they blast someone.

The idea of this system, which worked well at another forum, is to vote down SPAM'ers and people selling scam systems and such, and vote up good posters so newbies can know right off who is considered worth listening to (and, if one's score gets too negative, you get suspended/booted). So, I carry that vote count to wherever I post in mypivots. I kind of don't like having the second highest total number of posts of anyone at mypivots, yet my score is under many other posters. That's because they post in the public area and get lots of votes, and I post all day in here, and hardly anyone votes me up.

If I have the highest score, or near the highest, I may get more 'respect' from the newbies out there I am trying so hard to make a difference for. It's hard to ignore the post count and the high positive feedback count. That's why I am asking for votes if you like the posts I make. If not, I'm not asking for votes that one feels aren't deserved, but if all this ass busting I do for people in here is useful, at least 'pay me back' by recognizing it with a positive vote next to the post. It also really helps me see what types of posts are found the most useful.

Finally resolving this bullish 3-min ABCD to the upside?

So, is this a CD leg for another bearish ABCD, or a 'W3'? And how does this play into the Fed announcement due out in about an hour and a half? Notice crude is starting to move up strongly.

Looks like the magnet was strong enough:

Careful here at 87.75...

My levels to watch are jarek's above next, then 91.50, then 94. I am giving the appx. centers of the areas. These are smaller, immediate areas based on the 3-min chart. Useful for me when managing a 3-min setup, for example.

roofer, do you have a list of the stocks that you track?