Well, since jarek is off this week, I guess I'll start the topic this time...

???

sorry if this seems too dense, but I find it interesting how three sets are coming together here

yep... if this is the wide leg of some sort of wave 4 triangle.... 1301$spx MUST NOT BE TOUCHED!!!!!!!

ACROSS ALL MY TRADERS ... DOWN SIDE TARGETS HIT!!!!I AM FREAKING LONG INDEXES!!! STOP BE1

.886 on a day that opens with a gap??

I'm keeping an eye on that 6.50 for another roll. It really needs a bigger bounce, so this will be a good clue to see how weak (or not) they really are in here.

For the new people: it will be more useful, I think, when my comments are combined with jarek's visual charts. I'll try to be more active after he comes back next week. But, as you can understand, I'm a little 'busy' right now. Plus, roofer is posting a lot to keep everyone's attention.

Nice clue. Pulls back in a small ABCD, and then starts right up again. So far, so good on the long side. I guess roofer and I are both holding our noses after the real fun wound down (for now?). Now, where is the next key area I am watching?

Originally posted by jimkane

I'm keeping an eye on that 6.50 for another roll. It really needs a bigger bounce, so this will be a good clue to see how weak (or not) they really are in here.

Yes, it's here at 8...

the key is to do the hard mind numbing work to know when the indexes are going one way and certain stocks are going the other way.as the indexes are going up you will get to the point when 90% of your stocks are on sell... then the indexes go down... here is why i was short AMZN all day as the indexes were going up..