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.

Note the TL here on the 3-min.

KIG? They are running out of areas to pick this up. Sweet. Last shot in the 'Game Zone'.

I have to see what it does in the 64-66 area (if it gets there, of course), but this has the look like they could sell it hard into the close. The odds favor the MRRD coming in somewhere from here to 64-66, but if they don't, they may forsake this. Just a thought.

like the "Game Zone " the best....should right a book on it. it can be a strategy in itself. (with Context of course)

Yes, it is something. I have all sorts of strategies based on it. But the 'context' is critical, in that they only seem to use the zone when they don't plan on letting it trend past it. Like now, it bounces right off the .886, but then right down. It depends on what their intentions are. Knowing when to use the zone, and in what ways, depends on the read on the situation. The better the read, the more useful the zone to me.

P.S. The hammering has begun. Watching 64-66 to see what it does. But the 1.128 has been hit, so things could happen any time now.

Here comes the lower \\ of the longer term upsloping set. Lack of reaction here would be ominous for bulls:

Decision Time

Nice SL, eric, I was about to mention that one and saw you had it. So, my 64-66 based on intraday work hits the key area. This is it, folks. Big, big decision time. Otherwise, 1040 is in danger next (not today, unless they flash crash it), in my opinion. I hope they lose control of it here...

Low 66.50, 3-4-5 1-min. Watch this closely.

jim..no indicators...just price action patterns..and geometry. if it goes we have the 55 area next but when it sells it is much easier for the emotions..

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