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

Whup! There it is.

1-2-3-4-5 and now a crush??? I'm wondering...

Looks like a perfect Elliott 5 waves indeed, but that could have been just W1 of the move off our bigger bullish EXP ABCD

It just isn't acting like it intends to go down at all today. Yes, a deep pullback to 'test' the bigger setup would be a 'normal' thing for it to do. Keep in mind, tomorrow is the big jobs report. I suspect no matter what that comes out, the market should be up big on it, all right off this setup.

jobs way up - economy doing great, market is undervalued

jobs the same - things are as they have been, market's been going up, it should keep going up

jobs way down - uh, oh, better get that QE going fast, and make it bigger than already planned, market up huge

And just as he says that... My new favorite line.

Watch this 1-min ABCD.

See if they do any after-cash reaction to it.

Barely got that posted and it's rocketing off it.

Very cool, and amazing, how this line has been completely apropos over and over lately. It acts one way, I comment it won't likely go that way, it immediately moves that way, then snaps the other way and shows it to have been a trap. And once again it does the same thing.

Originally posted by jimkane

And just as he says that... My new favorite line.

And there's the explosion in the after-cash, to new highs for the move, by a long ways. Right off that ABCD. And, as I suspected, it didn't go down, the short side didn't play out as I mentioned, and it pretty much did exactly as I said all along. Sure, sometimes my read is not what plays out, but what happens a lot of the times, it seems???

Too frickin' funny

Originally posted by jarek

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