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:

bear trap at the kz?

see if this .886 holds at .28

short with a ten cent stop

Originally posted by jarek

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 was away for some time and have to admit now that this was a hell of a call!

Originally posted by jarek

Decision time in Crude - one way or the other:

Looks like up, but I would not yet exclude a bigger bearish 4PT of which my previous abcd was just an AB leg:

Originally posted by jarek

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:

3 attempts already and no success. 4th one should be successful if bulls have anything left...

last small swing = 1.27 @ .78

If the recent correction in Gold was a KZ DT ABCD than the upper ML around 1500 is not out of the question IMO:

??

If ES is falling so decisively then maybe it can form a bigger bullish ABCD before resuming the uptrend?

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....