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:

It's showtime.

because it may also be 941/941 4pt.... gone from trade at line

IF it really starts rising here, it would be right off the downsloping ML to the tick:

Those 'risk on' bulls are sooooo weak in here. They are still 'risk off'. At some point they will come in, full throttle, the bears will cover instantaeously, and up this will go. Is that spot right here? We'll see...

Originally posted by roofer

... gone from trade at line

Do you also use adjusted sets ?!?

Great play, one of the best I have seen. Nice job.

Originally posted by roofer

because it may also be 941/941 4pt.... gone from trade at line

Click image for original size

no that is the crucial gap set taught by tim morge.. gap sets in my work are more important than standard sets..... jim did not pound the table in his book for them.. i DO NOT use adjusted sets...

That's another key line I have in my mix.

Originally posted by jarek

IF it really starts rising here, it would be right off the downsloping ML to the tick:

Click image for original size

Originally posted by roofer

no that is the crucial gap set taught by tim morge.. gap sets in my work are more important than standard sets..... jim did not pound the table in his book for them.. i DO NOT use adjusted sets...

Thanks - I missed the gap

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....