Here is an interesting story. While writing the topic above I was thinking about what chart to show this weekend. Then I noticed that the second date is a palindrome or in some way it is 'symmetrical'. Then I recalled Jim saying that sometimes ABCDs like to be symmetrical around certain point. Then I started digging and ended up with the following chart:





We may see that the BC leg of our current bearish ABCD, which was an ABCD itself was perfectly centered both in price and in time around its 'hub of the wheel' point on August 17th at around 1082 level.
To share the same characteristic the big ABCD should end on September 29th at around 1162 level. What's more interesting - this point is pretty well justified geometrically. Very curious.

This is very telling - bearish .786 Kane ABCD right into the 'Kane Zone' denies bulls from reaching their green line:





And this magnet very rarely fails to attract the price...

The ABCD above was just an AB leg of a bigger bearish flat:





Bulls are still fighting on the lower ML of the bullish green set, although this more and more remainds a TL creep

Nice work, jarek.

Here's one of many examples why this market is completely and utterly broken, and, I feel, will have some severe repercussions for being so broken and still being allowed to operate.

http://www.zerohedge.com/article/44-4-less-second-todays-flash-crash-brought-you-courtesy-nasdq-and-broken-circuit-breakers

Let's see how it handles this obvious TL from that Sunday night 'pop top'.

BTW, I'm quite surprised that this rolled down after the original pop, and after such a nice initial reaction to my 44 area. I like that it came in more and gave more higher timeframe positioning opportunity, and after such a big run up, as I mentioned, one would expect that, but to see this thing show any weakness really catched me by surprise. Now let's see if it can take out this TL and give an upside breakout signal to the 'suckers'. I'd expect it would most likely set a big trap in here.

This thing is so close to jarek's big, key area that it is actually close enough that something could happen right from here. I'd prefer a nice, solid test, or even a little overreaction up and a little over, but that's so obvious, I'd be a bit wary if it actually did it.

Bulls got in under control after these 3 unsuccessfull attempts at LOD. Let's see how they cope with the downsloping TL at the 'Game Zone':

This time you were faster Jim

Yes, for once I got it out there before you

Okay, they took out the TL, as anticipated. Game time? Or simply run time? Just staying with the long side bias, hopefully until close.

Interesting so far. Pop up and over, catch the 'suckers' on the 'breakout', and crush it? This might get hammered.

Most likely scenario, I think, is lots of games in here, hyperfluctuating until both sides give up, then big up. But, a crushing sell is not off the table, I think.

Thanks Jim. Have a good weekend!