This coil will get unwound after Tuesday's meeting. The question is which way?

... and now coupled with 3D at a spike line:

I don't recall when this first target at ML of the green set was not reached after a 3D at a spike line:

Yes, that's why, but I think it is about to give way any second...

Originally posted by jarek

Originally posted by jimkane

...this is a very dangerous area...

On my chart too:

Click image for original size

Looks like it wants to respect our area at least little longer:

Okay, rush it up time for one last push? This looks like a great spot.

This is very disproportionate but the whole action from HOD to LOD might be seen as 1.000 standard bullish ABCD, with the 7 min bearish ABCD after the announcement being its BC leg:





In this context this sharp move to the point A of the ABCD doesn't bode well for the bulls. But do they care?

Did I nut that, or what? Wow.

Originally posted by jimkane

Okay, rush it up time for one last push? This looks like a great spot.

And there it is.

Originally posted by jimkane

They want that new high soooooooooooooooooooo bad, and I fully expect we'll see it.

I would be nothing else than amazed if this next green set setup plays out in this environment:

So it is up more than 30 points since yesterday's low. It is nice to know that there is only one way - up. But how to enter if there are practically no corrections?

And the bulls win once again. They will win until the total collapse of the known financial system, in my opinion. Look at commodities. How huge increases in food, pump gas, building materials, etc. will help this recovery I just can't fathom. I think crude will take out the $147 high soon. I use the term 'soon' here in a relative way. Go back to the trend into $147, put that slope on it from here, and estimate the time. I think it will happen faster, but my conservative estimate is about that. But, this time $147 won't slow it down, in my opinion. Bern-quacke is getting exactly what he wants. Heads we lose, tails we die...