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:

what is truly remarkable is that the overnite geometry was perfect as jim and jarek showed: and yet the day only geometry was perfect also......... this chart shows something that was pound the table important to tim morge when he was in his teaching prime.... as important as gap sets....

i can not imagine the geometry speaking more eloquently to a pivot that represents a moment in time that may be important the rest of our lives

you have to admit it feels like we are being jerked around.... but what if oil holds? what if instead of rocketing to the moon GLD is forming a large megaphone pattern?the line and the 1,128 come together just ahead..and what IS the market doing? perhaps it is doing some sort of elliot abc-x- abc? we have been in need of a larger corrective pattern.. it is NEEDED TO LAUNCH AN EVEN BIGGER WAVE UP.

PERHAPS THE ANSWER WILL COME WHEN TLT FINISHES ITS STRANGE JOURNEY TO THE LINE

Very cool posts, roofer. Lots of the same kind of thinking I like to do going on there. I just find this very interesting in here, how it is set up, and what it may do (or should I say how they plan to manipulate it next).

Quite curious, it hits a .786 ABCD and they can't sustain it, and down to another new low for the move. This is just amazing to me, the persistency of this downtrend.

possibilty for this move..... would not be possible without jim

i hear reference here to elliot... given the background, the moves should be emotional and violent.... here is possibility of large pullback

Now that would be cool. I love ML's set up like this, they really have a lot of power. I sure hope that plays out. I'd love to lean on the short side for awhile. Got my fingers crossed for that kind of action...

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....