The geometry in ES is also there:




The question is: will it reverse right here to give the Wave 3 callers some more hope or will it accelerate to the upside to deprive them of it straight away?

Remember Thurs is the ES contract rollover date into Dec.

Nobody today at all??? How disappointing...

So, the market seems over the Deutsche Bank news. Ramp to resume again?

Keep in mind the possible significance if this nice-looking ABCD here fails, especially given the 3-4-5 look to the move up (look at the Sept contract, as the 'splice' from the rollover today on the continuous will distort this).

But I wouldn't count on that failure just yet, as I think they fully want to explode it up from here on this smaller 3-4-5 into the pattern.

I'm not sure if such sets are valid during rollover, but I'm watching this bullish ABCD:

It can be tricky during rollover on the sets, but that's the pattern I'm watching.

So all it could produce was this .300 bearish ABCD:

Yes, but outside of the distinct possibility this is all just noise in here, how about a 3-4-5 down with 4 being an EXP ABCD, and that low was it? That's an interesting possibility. If so, up it goes.

Do you see it this way?

Yes, that was what I was pondering. If that does turn out to be what it is thinking, it may rocket up off the ABCD right from here. But the indecision is just profound in here, so until one of the machines kicks in it may just chop, and then something will happen in a flash. But, the scenario you have laid out there seems the most likely to me right now. I just don't see them having any reason to sell. That DB offering is dilutive to the tune of about 30%, and the stock dropped 3%. Imagine someone cut the amount of product you had in a basket by 30%, and the price of the basket dropped only 3% instead of about 30%. What a bunch of suckers to pay 3% less for 30% less product. That's our market. I want the other side of that deal...

Plus 9.50 now. Not too bad.