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:

Sure seems like it wants that 1280 lower area at a minimum.

Crude still rising...

crude is still rising into the most crucial lines

Okay, I suspect we'll talk again in the 1280's. Keep in mind, if this corrects just like the last time, we may see 200 points of downside, and not even hint at a break of the trend.

Just 4 points rise to a tiny .146 abcd off an important ML after a 30 points drop, or rather a bullish 3D is forming here??

How long until gold hits that $1,500? This week? Early next? I think it depends on if the market keeps selling, and crude keeps rising. roofer has shown how critical this area is. It depends on if it respects it.

madman in the market

Didn't the February 2007 debacle almost exactly 4 years ago start in a similar manner??

Gold is starting to explode. Personally, I think we'll see $1,500 tomorrow or the next day at the latest. I think we are in an acceleration phase right now. But, who knows, it does what it does, and I just react to that.

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....