I wonder what are the chances that our "locomotive" will stop all of a sudden just here:



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:




I simply don't see any meaningful targets in between...

I can't see any selling beyond this 15.25 low. I'd be surprised if it doesn't explode back up. But, you never know...

Originally posted by jarek

... the one in AAPL just failed...

The one in ES immediately followed suit, but it could morph into a .447 TD ABCD:





At least it is line to line and strong finish is not out of the question yet...

Straight up, as expected.

Here's my usual look:

Here's my surprised look:

Same old, same old...

Originally posted by jimkane

I can't see any selling beyond this 15.25 low. I'd be surprised if it doesn't explode back up. But, you never know...

TOAST... rat i hope you see these...

I don't think the market likes this Egyptian mess. We have lots of warships closing in, as the people close in on the presidential palace since Hosni won't step down. I'm not saying I think the market could go down more than a little, only that it is a nice excuse for them to scare it down a few points and pick off some suckers and get a better price for more ramping action.

i have become a big fan of www.stockbee.blogspot.com .... not because of the way he trades... which is not my way.... but because of the way he thinks about setups and his perspective on the health of markets... his lastest post echos what i said yesterday about the eem and explains how i have been having such success this week shorting by finding my signals in the right groups....while the indexes moved up....

This thing doesn't look very strong overnight. It needs to react here if my yesterday's cat was not only a ... dead cat bounce

The setup above played only into a bearish KZ ABCD:




The magnet of this major ML doesn't let the price get away from it

This spot is quite critical: typical target area for the move off this bearish KZ ABCD, .886, major ML, bullish 3D and retest of a bigger Kane Zone:

This is how it looks on a larger timeframe:




We have a double .886 bullish KZ 4PT

So, I heard that move up today in cotton took out the 150-year civil war high, and set an all-time high. Wow.