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, this is a super-key area, and you can see they are postponing the decision as long as possible. Decision postponing usually leads to explosive moves in my experience, when the coil can't be tightened any further.

I think the odds strongly favor 'up'.

I will say, this is one amazingly tight coil and delaying tactic. It keeps looking like it will roll over. That has me thinking they may flush it down quick, suck a lot of people in, and then gun it up. If it rolls over here it will be incredibly obvious, and although sometimes the least obvious thing to do is to do the obvious, I just don't think they will play it that way. They want 'up'. Only real sellers can thwart that. Do they exist in here???

What a struggle at this area. Just amazing.

Okay, watch for an ABCD to form in here, or for a vicious fake to the downside. Amazing how tough this area is for them. Could real sellers actually take over and this go down???

Flat ABCD formed, and producing an initial reaction. Will it follow through at all?

Now it is a .382 Flat ABCD:

You beat me again!

Here they come. Right back within a tick of a new high for the move, right off the flat ABCD. Will wonders never cease. And alas, no fast up and over on the initial hit.

But I think they will get it very, very soon.

Too frickin' funny

Originally posted by jarek

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