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.

And I barely hit send and it's got the new HOD. Watch for the possible one-tick game.

Originally posted by jimkane

You beat me by a minute. Yeah, that's the line. I even refreshed and didn't see a new post, so I posted mine, but yours posted while I was writing mine. Man, you are fast.

They need now to rush to the dance floor in order to be there before the music starts


PS. Thanks Roofer for this allegory - it will stay with me forever

Originally posted by jarek

Originally posted by jimkane

Bueller? Anyone?

Who's that Bueller?

This is kind of an inside American joke from the movie 'Ferris Bueller's Day Off'. Here's a clip so you can get the background of the teacher:

http://www.youtube.com/watch?v=dxPVyieptwA

And now here's a clip about that same teacher taking attendance:

http://www.youtube.com/watch?v=NP0mQeLWCCo

45.75, duel 1.272's. Watch this closely.

Originally posted by jimkane

If they are planning to come back in, here's the spot I'd most expect it. That's a big if, though. A bounce and roll would be really nice.

Posted at 14:49. I'd say I nailed it. They even surprised me, since I thought it would be a struggle for them, and it was easier than pie.

Originally posted by jimkane

45.75, duel 1.272's. Watch this closely.

Yee-frickin'-haw. Look at it sell off that duel 1.272 overlap. I will paraphrase from the movie The 'Burbs', where he says: "God, I love this street" and say "God, I love this methodology".

Originally posted by jarek

They need now to rush to the dance floor in order to be there before the music starts...

Looks like some started to head towards exit instead.

With so little time left I would risk saying that our intermediary top might already be in.

This might be a tough area to overcome:

Boy, jarek, that would be the best early Christmas present I ever got if it was!

What a day today was. Wow. Down like 14, then up like 14, all in about an hour, then, as usual, some oscillating range trading with an upward bias, hitting patterns, lines, areas one after another. No claims or anything, but wow, if the market is going to be 'nutzoid', it sure is cool that it seems to do it in such a way that the methodology looks to be followed incredibly well. Just one man's opinion.

Thanks Jim. Have a good weekend!