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.

Okay, a 'flash crash' is entirely possible in here. And they'll blame it on the big hedge fund failure/unwinding that they say is going on. Watch out in here! I'm totally staying short side bias.

We have the climax move (short-term intraday) with the volume spike. In 'the old days' this would likely finish the selling. In the 'flash crash' days I'm keeping an eye out...

They can't bounce it... Watch this closely. It must bounce here.

Notice how EUR/JPY led this.

Okay, let's see if they can bounce it now... All this stabilization should allow a bounce. No bounce, they may be dead meat.

A base like this and they can't even get some short-covering into the close. This really could sell. Then again, maybe tonight the MRRD's show up and we get another monster gap up. But I'm thinking this thing is toast.

Again with the clues. Watch to see if this acts like a 3-4-5 here and done. Just one more push to make sure all the stops are hit and the sellers are gone. Otherwise it would likely flush out hard, in my experience. So, the key point is right here.

Over 26 points off the high. I never would have believed it possible...

Okay, there's a little short-covering bounce there.

Originally posted by jimkane

Again with the clues. Watch to see if this acts like a 3-4-5 here and done. Just one more push to make sure all the stops are hit and the sellers are gone. Otherwise it would likely flush out hard, in my experience. So, the key point is right here.

And up 8.50 points so far right from there.

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