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

Okay, 4 is critical here. Reason is in the methodology.

And up off 4 it goes with vigor. Some surprise there.

So, notice how it acts at every spot to rollover, and every spot to resume the trend. The clues are clear. Vigor, to the upside. 8.75 here is now a minor area to watch the reaction. A move up here without a small checkback is a big clue.

I'm thinking they want the S&P to finish positive today, real bad. That implies to me that the sellers have capitulated, and the idiots may be back in control of the asylum. But, it isn't done until it's done, and I have to see it to believe it. The areas above are clear from the methodology. Notice the .382 off the top is right at ES + on the day...

13.75-14.25 my next key area (after the obvious one at the .300 and key lines at 11.25-12.75). If it can even get there, it may be done already.

Okay, first area hit. Let's see. Otherwise, this is 'management mode' price action reading, 'ride until close' type of action. And if it starts talking otherwise, then that can be taken into account. Great read off the low, roofer! I like it when we see the same things via our own variations on the geometry.

Amazing, huh?

Jim,
when you do these very brief updates like below, are you talking
about the ES on a 5 minute chart?

Originally posted by jimkane

And up off 4 it goes with vigor. Some surprise there.

tx... you''ll have to wait until jim's accomplice jarek gets back.... as fast as jim thinks jarek posts.

interesting spot for amzn....I wonder about the power of the turn and can't believe it won't retest.

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..