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:

DBC another new high today... It sure is stretched. But it could get a lot more stretched.

it has almost 2 more months to go...

That does sound about right. Nice to see an overlap with what I suspect is joed's timing factor? I think commodities and the market will top around the same time. Risk on, then risk forcibly off (it will never come off voluntarily). Let's hope...

Another new high for the ES. Should make for some nice .886 gap on 5 setups, unless it just gaps up huge and drifts up, and that's all. But, they like to bring it in, too, to get better prices, so maybe we'll see that approach, and that should make for some great trading conditions. I'm thinking they want the 1350's next real bad. I'll be watching 1336-37 or so (depends on when it gets there) on the way up.

EUR moved nicely off that Ixon's bullish KZ ABCD. It managed to get over this important downsloping ML and later back tested it. Next hurdle on the way up is the previous high:

ES finally reached the Game Zone of the whole drop. Even without all those lines they would play games here

Decision time in Crude - one way or the other:

Originally posted by jimkane

... I'll be watching 1336-37 or so...

Jim is probably asleep but this call was spot on - the high so far is 36.50. I bet Jim has a downsloping line somewhere here:

... maybe something like this:

just some astro i've been looking at from sheer boredom

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....