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.

It still wants higher so the 2 ABCDs will not be related to each other

Originally posted by EricD

that larger abcd that formed at the .886,.30 maybe the inflextion point right now to send it down to the 70ish area.

so it plays out as we suspected and now this this ABCD is big clue time as if the LOD maybe dust shortly if it plays out.

This really is a key spot, as eric is showing. I think it wants 92 area, but, since I love it when the market goes down, I hope it decides to dump off this spot instead. But I think 92 is next...

And yet here is the last chance for the second ABCD. 1.128 zigzag slightly above .786 ? Sounds familiar ...

And now a typical pullback. We should have our answer soon right off this spot here.

Okay, it may make its move from here, 77.25...

Bounces to a .447 and starts to roll. If they don't pick it up in here soon it may get hammered.

I think it might be hammer time.

3-4-5 back to key price flow and lines area. But this looks impulsive down. Right off the ABCD. They keep surprising me by moving off all the bearish patterns, even if it doesn't follow through fully. This is a very bearish tape lately. I love it. Kiss 1040 goodbye at some point, I think.

Now looking more like an ABCD with a shallow C point, before I could even post the above.

If they don't come in at this price flow area here I'm watching 64-66 next.

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