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.

19.75 and dumping like crazy. Do the work, the .382 the lines. How sweet. I can't believe they are passing on every chance to ramp this, dumping it off the first area each and every time. I keep waiting for them to come in and start the manipulation games again. This thing is so precarious. Bernquacke needs to announce his $5 trillion QE program soon.

DT ABCD here at a 'backtest' of the key lines. Now we should get a big clue.

Good clues. Now in the 'Game Zone'. I just love this strong downside pressure. Finally.

Game Zone goes. New LOD. Gotta love it.

Now back to my say 120-min support/flow line. Let's see if this was the 'top' and the big ABCD is going to play out. I'd expect a bounce and roll. A collapse here, although lots of fun, might climax it and send it right back up again. No matter, I think the action is just spectacular.

Watch this 11.50 area...

No reaction so far. Staying short side bias, waiting for a 'flash crash' move.

This has really stretched past all my immediate bounce spots. If it can't bounce somewhere in here it should climax sell quickly. I think the bounce is way more likely.

But I 'hope' for the latter...

120-min flow is totally broken here. I'd love a 'backtest' and roll, and then down to new lows for the entire new bear.

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