The question is: was this already it, 1 day and 9 points away from our perfect 'symmetrical' target or yet it needs to reach the 1.000 ABCD regardless of the time factor:





This 3D at spike line might suggest the former, but if it breaks to the upside it might break the whole ABCD as well and go up, up and away as per Jim's scenario

Yes, jarek.

Did it just put in a 'W2', or a BC leg??? Higher low?

Just approaching the area with nice bearish setups:

Okay, sometimes my reads are amazing...

Although being very cautious in here, I think this will be more like a 'W3'. Nice initial reaction, though.

It sure looks like it is going to roll at this ABCD. If it does (I just can't see it), I can't see a new LOD. At best I think it would chop within the ABCD range, doing endless ABCD's one after another.

And there's the new high for the move off that 'it sure looks like it is going to roll' fake. They are good, I'll give them that. 'W3' coming... (But, be careful this isn't a 'one-tick' final fake move to catch 'em both ways. Yes, I have a suspicious mind, one has to have one nowadays, I feel.)

Some like fine food, some like women (no offense to my female readers), some like sports, for me, there is nothing so sweet as catching them on the way down into an area that is anticipated, then catching them going the other way off that area, and just nailing it to a 'T'. As they say, it doesn't get any better than that.

It simply has to roll over from here if this is a bearish ABCD:

I'm being very, very careful here at 54.50. Watch for a possible 3D, too, forming, if it puts in another push.

Beat me again... I keep refreshing first and don't see your posts, so I go. I must be a slow typer, such that you are posting while I'm typing like a snail.

Too frickin' funny

Originally posted by jarek

Yep - very interesting finish to what looked like yet another day from "Reminiscences of a Grilled Bear"