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

This is getting the cart a bit ahead of the horse here, but I see one scenario as a rush up to around 37-39, then a little pullback, then up to that 57-61 (hard to say more precisely, maybe 56, it depends on what info is revealed along the way). Now, it could do none of this at all, maybe it gets hammered in the overnight (you'd hear my cheer all the way to your house if it did), but, I have very specific reasons why the scenario I laid out may unfold, so if it starts to, I will base potential trades around that framework. If it diverges, I'll look for another approach.

Wow, as I write this I see they ramped it hard right to the after-cash close, hitting 35 already. That far away 37-39 is now just barely above. They really are rushing it.

Be curious to see if my playbook plays out, with this as a supporting concept:

http://www.zerohedge.com/article/advance-look-tomororws-reg-sho-buy-list

The high so far is 37.50 - right in your range. I was so concentrated on the top being in, that I have completely omited this big bullish 0.786 ABCD, you are basing your scenario on:





Lots of clues coming from how it plays out

across my stack, i had sells.. so i have been a seller this morning...

stop now break even... we shall see

I would also be cautious on the long side after this steep rise to the .786 of the bullish ABCD above ...

i was thinking
gs often goes early

i want to sell in the area of x marks spot

i want to sell .886 on gap at line...

if it works or not is out of my hands

Kane EXP completing at 0.382 Fibo Retrace, ABCD Point d also at 0.685 Fibo Retrace with 3-10 SMA Oscillator Divergence, Kane EXP ABCD also coincides with Kane Pattern-Line-Fib.

Al Kamego

Great Chart work Jarek..."JIMADAMUS" as usual or should I say "Spidey". We are at the 162 day window from the 4/26/2010 top at Geometry. Decision Time.......

Sometimes I scare myself. In the GLOBEX there were two clear pullbacks, 37.50 and again at 39.00. High today so far 54.75, up 27.75 off the low. And I emphasize so far, as I don't think this is done for the day. Did I hit this dead on, or what??? Let me quote what I said below:

"...I have very specific reasons why the scenario I laid out may unfold..."

Amazing.

Originally posted by jimkane

I would suspect it will run up in GLOBEX and gap up, and then go from there. I think up +20, or maybe even +30, from today's LOD. We'll see.

I'm thinking it wants 57-61 ASAP, if not tomorrow then over the next few days. Just a 'hunch', based, of course, on the charts.

This is getting the cart a bit ahead of the horse here, but I see one scenario as a rush up to around 37-39, then a little pullback, then up to that 57-61 (hard to say more precisely, maybe 56, it depends on what info is revealed along the way). Now, it could do none of this at all, maybe it gets hammered in the overnight (you'd hear my cheer all the way to your house if it did), but, I have very specific reasons why the scenario I laid out may unfold, so if it starts to, I will base potential trades around that framework. If it diverges, I'll look for another approach.

Wow, as I write this I see they ramped it hard right to the after-cash close, hitting 35 already. That far away 37-39 is now just barely above. They really are rushing it.

Too frickin' funny

Originally posted by jarek

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