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 jarek

Will this bullish 4PT play out or not?

We have Kane Classic with small 4PT as W2 of the move off the bigger 4PT:

On a higher timeframe our 4PT looks like test and retest of a major ML:



At this point it seems like up is the only direction

If our 4PT was a W2, than bulls should reach this line in the Game Zone with no problems at all:

... and in such case the ML of a set confirmed with test and retest should not give way to a quasi 3D:

... and yet it did. Very early warning about potential problems of the long side?

slv is pretty much where roofer pointed out....

Yep - he misses very rarely. AMZN is also on the way to its target.

Now we shall see if something more serious to the downside has started at HOD:

slv has not broken its trending mode..... there is one higher number 3362...AMZN is exactly in the area where a screaming short cover rally could launch. i have not covered but have tightened stop.. it is still trending below ml... i am sitting back and waiting on slv

Originally posted by jarek

Now we shall see if something more serious to the downside has started at HOD:

The final decision could be made for today if the small bearish KZ overpowers the bigger bullish one:

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....