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.

Originally posted by EricD

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decision time..

reteset of lines..up and over or larger ABCD to 70ish? clues..clues..

You would think if it is going to go up it would be around here

ok guys have a great weekend..great comments and charts today..
Bye Jim..have a wonderful weekend.

Well, I'll be. Even though I'm bearish as all get out, every time I think the bulls will pull their usual shenanigans, and I post it in here, they get crushed as soon as they start, making me look pretty silly in the process. They rebuffed this handily right at the center of the congestion, and are selling it hard to below the launch point. They took it down to that .447 to the tick, exploded it up 5.50 points, all exactly as suspected, and then just miserably failed. Every single time this has a chance to be bullish it has failed. Very, very, very telling. Soon Bernquacke will have to announce what I think is his already planned $5 trillion new QE program. Can't have these bears getting too cocky...

And the really curious thing is, this week was slated to be a down week, as mentioned in here, with the stats from the Stock Trader's Almanac. Once it gapped up on Monday, it has sold down five straight days (hence why I think it is 'oversold'). But now it's Sunday night GLOBEX/Monday time, after five days of selling, and that bias has been overwhelmingly up for a long time. So, there is the double whammy to send this up. Hence, I think the odds favor a big up Monday. But, like I said, every time I think the bulls will make a stand, they have failed, so maybe not. If this sells for the sixth day in a row and breaks the Monday madness thing, that would be something. I think 'up' is coming. Notice the bulls are trying again here, getting primed for Sunday night :-)

And rebuffed again! I love these bears.

I plan to make some comments on my posts, and some of my viewpoints on how I do assessments. I'm done for today, but I hope to make them in here tomorrow, so please check back. I'll try to clarify some of what I say in here, why I say it, and how I try to use it, all as I struggle to decide what to post in here.

has anyone adopted my style of stacking charts? did you see how the pieces fit?did you see how GS went early yesterday and was in position to go to today's exact high?iot is all just geometry....

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