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.

That post was at 15:43, and the LOD was at 15:43, based on my charts with eSignal data.

Okay, I had a lot of fun upping my post count, even if it was by myself. Maybe some people were reading as I posted. If so, I hope you saw what I was looking at. In my opinion, if you are applying the methodology, all of what I wrote should have made sense. See ya all manana. Or tonight if there is action.

Today's high lies exactly on another // of my yesterday's downsloping set:

jarek! Nice to see someone in here. Yes, and I also have another key line there, and it hit mine like just about to the tick. So, I am thinking this might be the spot for that big ABCD. We'll see. I can just take my shots and see, but the failure for them to continue their manipulation, when I fully expected they would come in today, is a big clue for me. It's not too late, they may come in like gangbusters from here, but this is almost fractal for what happened off the April top and into the flash crash. The strong move right off the top.

have shown this a few times...playing for a swing... i.e will give it all back if wrong....

Jim awesome posting as I analyze your thought process through the flow of price action.

Thanks. I'm hoping those that can't follow as it unfolds go back to the time stamps and recreate the action and see what I am saying and when. It's not so much if my 'read' is always what winds up happening as it is what I see and why I see it (based on the methodology, which includes my reading skills), and how I seek to just gain an edge. It also shows, I think, how I try to adapt (I usually call it 'responding') to whatever it throws out there. Hopefully it is useful for the learning process for everyone.

And I know I'm hawking for votes, but if this stuff is useful to anyone, please vote me up on the number on the left there. That way I can tell what things people are finding the most useful, and when I go in the public area my reputation is high and people that don't know me may at least give me the chance to try to show them some things about the methodology and my thinking as far as trading.

jim .. i am not sure what you want us to do...do you want us to vote up in public forum? glad to do..i wish the voting feature had never been offered.i post to keep myself sharp and to organize my thoughts..i would ask that traders in this private forum not vote on my posts at all..

jim- by the way, i am in awe of your style... it is not something i can duplicate...

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