Last week's decline looks like the first leg down of the move off the big bearish ABCD. And this first leg down isn't necessarily over yet...

Like I said last week, every time I think they will run it and it hits a bearish area, the bearish area holds. Until something changes, the bulls are just weak.

But more often than not they are offered an invisible helpfull hand ...

Just imagine where this thing would be without any helping hand. Imagine what the market determined price would be...

This is how I see things now:

Just one ABCD after another. It really doesn't want to make a decision in this 'congestion' area that really started last Thursday. But if they can't move it up, they may move it down.

Okay, they are beginning to run this. Is this the start of the move we've been waiting on?

And, again, they sell it right back down. This thing is so weak.

the july 3 gann low approaches.....it is fascinating to study which stocks went early, late or not at all off forcast april high..the general forcast was correct from feb low to april high was to be most relentless up of year... this swing was to be most relentless down.which has been true in many stocks and groups...on another note, i showed the PHM exit after the jerry's dragon set up...reacted as expected.....now TRV....

Originally posted by jarek

... The breakout from this coil should show us direction for some time to come...

So they did it under the cover of the night. They grew it for months in such manner, will the majority of the drop come outside RTH as well?

Amazing, eh, jarek?

'Game Zone' in here.

That's the one.