Is the move up that began on Friday a final acceleration to the 1330 area mentioned here couple of times? Or is it a start of something even bigger to the upside to finally convince everybody that this thing is never ever going to drop again? We'll have to wait to know the answer to this question. My personal opinion is closer to the second alternative, but of course I might be wrong. Some people say that the drop from May 2008 to the final 2009 bottom was an extended 5th wave. Such waves are usually fully retraced, and in such case the upper ML of the recent set needs to be met:

Welcome rat89, glad to have you. Have fun studying. Feel free to ask questions.

ES moving up off a .300/.382/.447 overlap, right at a key line. 1.00 points from another new 'bulls#%&' market high. These guys...

the big picture in uso is bullish... first step... must overcome this pattern

what i am doing playing kane abcd382/87.. the mad short seller lives .....

done

beautiful, roofer

You are a madman, roofer. Countertrend at new all-time highs for the $MID, and S&P 'bulls#%&' market highs...

Hey, the big dog is finally seeing a little downside...

rat89 and all the other new people: when you get 100 points you can vote posts up to show the poster that you found value in their posts. That can help people see what everyone finds of value. So, everyone, vote up the new people when they post to get them up to 100 points so they can contribute in that way. And you new people that haven't introduced yourself, make some comments so we can get you up to 100 so you can make your voice heard. We can't tell what you find useful unless you tell us.

testing....

one more.....

rat 89 will remember this one....it is a rare day when i will short into oversold.... but the pattern repeats over and over.....rapids and waterfall... the key is the flattening right before price goes..under the cover of opex, the computers were using the patterns to get price to the correct strike.... something else.... i feel a wave four triangle of some degree just ahead... the down in many stocks can be seen as the ab leg of abcd's that i think the c will setup just as the triangle leg is set to go....