Welcome back everybody! Good to see so much activity and some new faces here

There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:



They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

good call

Originally posted by jarek

If ES is falling so decisively then maybe it can form a bigger bullish ABCD before resuming the uptrend?

This downtrend looks so healthy so far:

High was 36.50. Not bad for a post made last night. Not a coincidence, in my opinion, that they decided to dump it there, or that I was watching that exact spot...

Originally posted by jimkane

...I'll be watching 1336-37 or so (depends on when it gets there) on the way up.

I actually had two lines hitting there (one was the one you posted in the next chart) with the .886 close by. As far as sleeping I set an alarm for when it gets close, and it wakes me up so I can see if I get a trigger. Doesn't make for being the most rested, but it let's me see things I would otherwise miss.

Originally posted by jarek

Originally posted by jimkane

... I'll be watching 1336-37 or so...

Jim is probably asleep but this call was spot on - the high so far is 36.50. I bet Jim has a downsloping line somewhere here:...

Was this collapse in Bonds a great buy?

Thanks, jarek! I hadn't read this post yet when I mentioned above how close my read was.

Originally posted by jarek

Originally posted by jarek

Originally posted by jimkane

... I'll be watching 1336-37 or so...

Jim is probably asleep but this call was spot on - the high so far is 36.50...

I was away for some time and have to admit now that this was a hell of a call!

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So, there is something key right in here at this low. But will that slow them down, or bounce it?

And isn't it rather curious how they went into gold, silver, and crude as the dumped the market, and all the currencies stayed about the same, including the Swissie? This is a 'new' thing lately, and I think it has some profound significance (exactly what yet I am not sure, but I have some ideas, and they aren't good for the citizens).

this doesn't make me feel like going long, but is this the target for now? I think Jarek's buy point is down around the lower line?

Actually, that's the rollover to the June contract (see how 'continuous' contracts can really distort the technicals???). If you look at the ZN M1 contract you'll see there was little movement.

Originally posted by jarek

Was this collapse in Bonds a great buy?

Click image for original size

'My' platinum is moving up strongly. Did anyone do the work, when I pointed that out near the ABCD area? Look at it go.

iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....