Click image for original size
However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.
JA
jarek
Rep: 94
Posts: 3,474
ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:
However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.
However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.
RO
roofer
Rep: 3,689
Posts: 3,574
i will just post this as a matter of information as a set that price has respected in a classic way
Click image for original size
RA
rat89
Rep: 0
Posts: 7,015
abcd to 768 with a retest at 768....blue box would take it to 1.27 of b upswing...
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyone following that MUB short setup I mentioned? It has continued to roll right off that .786 'retest'. As I said, I can't imagine them letting this play out fully (despite the idea that it looks clear to many that the fundamentals on the muni's are totally shot) in this day and age of total bailouts. But, I'm seeing what this one has to give. Maybe jarek can update the chart I think he posted on this one?
JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks, Eric. Now, is this going to form a bullish ABCD in here, to take out that bigger bearish pattern, or not? That is the question. I just don't see how they won't come in the bail out the muni's, especially since 'Pimp-Co' is wildly long muni's.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, ES now up 8.50 and looking incredibly strong. Could the pattern at the low have been any clearer? Up almost 15 off that. Was that the 'correction', and up to new 'bulls#%&' market highs this goes? I can't wait to see. The areas between here and there are very clear. I'm sure tomorrow jarek will be showing them. Just remember what I said about the obvious, posted on every blog scenario...
JI
jimkane
Rep: 3,058
Posts: 33,089
So, ES to shoot for new 'bulls#%&' market highs, and CL down for awhile? Very interesting.
Originally posted by roofer
i will just post this as a matter of information as a set that price has respected in a classic way
Click image for original size
ER
EricD
Rep: 63
Posts: 692
GEOMETRY HIT AT LEVELS...NOW IN CORRECTIONS FOR ONE LAST HEAD FAKE..AS TIME MAYBE APPROACHING....
Click image for original size
Click image for original size
Click image for original size
