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JA
jarek
Rep: 94
Posts: 3,474
I wonder what are the chances that our "locomotive" will stop all of a sudden just here:

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If it reaches this upper ML it will not only retrace the whole 2008 debacle, but also should get to this downsloping parallel on the monthly chart, which marked the 2007 top:


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I simply don't see any meaningful targets in between...
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

Originally posted by jarek

...I wonder if the aftermath would be similar


... and that would require pretty strong finish today on the other side of the Big Pond


And such a strong finish could come only after a successful KZ 4PT:


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RO
roofer
Rep: 3,689
Posts: 3,574
could be serious AAPL RETRACED TO BREAKDOWN POINT.. THE STANDARD SET AND MODIFIED SCHIFF ARE THE SAME! RISKING ONE DOLLAR TO MAKE 20 ON ENTRY... STOP NOW BE...... WILL MOC IF DOES NOT MOVE TODAY.
JA
jarek
Rep: 94
Posts: 3,474
Looks like computers trading AAPL also have the .447 algo embedded:


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JI
jimkane
Rep: 3,058
Posts: 33,089
They want to break the ES above this multi-touched TL here soooooo bad it's crazy. Normally I'd say the odds of success in the last half hour of today are essentially 100%.
JA
jarek
Rep: 94
Posts: 3,474
Will it be exactly same story - an ideal KZ 4PT - in AAPL and ES on the exactly same day??


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JI
jimkane
Rep: 3,058
Posts: 33,089
And lo and behold... 'Too easy'.

Originally posted by jimkane

They want to break the ES above this multi-touched TL here soooooo bad it's crazy. Normally I'd say the odds of success in the last half hour of today are essentially 100%.
JI
jimkane
Rep: 3,058
Posts: 33,089
Less than 2 points from a new high for the entire 'bulls#%&' market...
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, panic selling. What's up?
JI
jimkane
Rep: 3,058
Posts: 33,089
They don't like Hosni saying he'll stay until Sept???
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

Will it be exactly same story - an ideal KZ 4PT - in AAPL and ES on the exactly same day??


Nope - the one in AAPL just failed. What a wild day in big dog!
JI
jimkane
Rep: 3,058
Posts: 33,089
So, I heard that move up today in cotton took out the 150-year civil war high, and set an all-time high. Wow.