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:

Originally posted by jimkane

Actually, that's the rollover to the June contract ...

I was not aware of this. But isn't this amazing that even a rollover was right to geometry?

Everyone saw the magnificent ABCD in silver, right? Look at SI #F (not SLV) on a 240-min all-sessions, from 2/21 - 2/24. Can't ask for more than that. Of course, this was all coming off that monster setup from 1/27, on the daily.

A few interesting things to observe. The 'up' first day of the month didn't happen today. Very interesting. The area I had in here hasn't held, and didn't even produce a bounce. That's also very curious. After selling this much on such a key, usually bullish day, and it doesn't want to bounce off a very solid spot. Even if it is headed for jarek's ABCD down lower, you'd think they'd want to bounce it along the way. Now, it may just be a slight overshoot of the area, and the bounce is going to start any second, but I'm not counting on it. I'm strictly short side bias until I see something happen.

Originally posted by jimkane

Everyone saw the magnificent ABCD in silver, right? ...

Here comes the chart:

Notice the move into treasuries and crude in here, as this sells, and out of the Euro a bit.

Nice chart. It shows the bigger ABCD nicely, too. Ah, my chart guy, he's the best... Now, no claims of any kind whatsoever, but if one can't make money from that...

Originally posted by jarek

Originally posted by jimkane

Everyone saw the magnificent ABCD in silver, right? ...

Here comes the chart:

Click image for original size

This thing wants to get to the ML so fast that it's getting ahead of itself. 30 points already off Jim's amazing call spot:

It reached this ML already. The funniest thing here (maybe not for bulls) would be ... an acceleration to the downside:

Originally posted by jimkane

... and out of the Euro a bit.

Looks like bulls may have no fuel left for this 4th attempt, which according to Gann is almost always successful:

Watch this area in here at the .685. Anywhere from here to the more typical .786/.886 (which is also the Game Zone) could be a 4-point. Just something to watch for a possible reaction. Imagine another one-day wonder, right to a 4-Point.

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....