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.

Another small bearish ABCD that played out to 1.272 to the tick:

... and it could be just the AB leg of a bigger bearish EXP ABCD:

You guys seeing what is happening in commodities? Look at silver!, gold, beans, cotton, sugar, rough rice (this is not a liquid contract, but is the indicator commodity to me, the 'canary in the coal mine', for worldwide starvation), just about everything. Wait until crude starts to break out strongly. And all this with the dollar kind of strong. Imagine if the dollar was weak! Something very big is starting to unfold, in my opinion.

If anyone wants to see what idiotic levels of liquidity and a broken market structure can do to a POS stock, look at PCLN. Now, how stupid is that??? Up over 1,000% since its low. Keep in mind, this is just my opinion.

Nice drop off that EXP ABCD with little overshoot in the CD leg:

Originally posted by jimkane

...Something very big is starting to unfold, in my opinion.

Are you thinking about this climax as something finishing the move or rather starting a new, even bigger one?

I wonder if a pause in this trend is coming?

This might get out of hand if a bigger bounce doesn't start somewhere here:

I see Eric that you are well prepared with the space on the chart beyond 2050

Jarek,

You really nailed that last ABCD.

Al Kamego

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