Looks like we may now safely concentrate on the upsloping sets instead of the downsloping ones:




The history likes to repeat itself and similarly to last year the July low at 38.2% was likely it. We still can't exclude a possible big flat that would retest that low, but Jim's scenario of "up, up, up and away" is in my opinion much more likely. In such case after a clear acceleration through the rising ML, the upper ML at 1340 should be the next target.

Switching to alternate count after the new LOD:

It is not surprising they are trying to bounce it after the stops were cleared. Below the Schiff ML at Kane Zone bears might feel really safe:

The center of the area was 92.50, and I had a little qualm about posting 92 because I thought it might fall a little shy of that, then I'd be wishing I had not just rounded to 92. Low was 93, and it then went up almost 16 points from there (how insane is that?), right back to the price flow it started from. Now it's back at that low (how insane is that?). So, I pretty much found both those reversal points essentially dead on. For trading, this is just unreal action.

Originally posted by jimkane

1197. Got to wonder if they'll come in for at least a bounce in here. 92 area is a serious price flow zone if not.

That's some incredible work you guys posted. Very cool.

So, they plan to run this until close now?

A small bearish ABCD at line in KZ - which time is it today?

Originally posted by jimkane

So, they plan to run this until close now?

Somehow I don't see it

Sorry, that was a joke. Should have put a bunch of smiley's on there...

Nice setup on your last chart. Look at it go. A big clue is if they set a new LOD, or just play with it in the Game Zone.

Show time in the Game Zone.

Thanks - it seemed to me, that they were somewhat closer. Must have been too tired yesterday...