There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:



We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train

I wonder if there is a serious alternative to just taking out this downsloping ML. Would you believe in such series of waves 1 and 2??



... because I don't

Looks like I may have said that in a wrong hour. 10 minutes of freefall and we went almost 20 points lower Something is fundamentally wrong with this market

a key.... that spike down was needed to get aapl to complete geometry..... now we see if holds

EU Energy chief speculating about nuclear crisis in coming hours supposingly caused the spike down. Luckily we were ready to short if there was a reason.

Originally posted by roofer

a key.... that spike down was needed to get aapl to complete geometry... now we see if holds ...

I truly admire your ability to read the markets with the help of your tools, Geo!

Can we treat today's drop in a ES as a possible .886 at geometry??

so......is the hold your nose and buy spot??

if you are going to buy, make damn sure the big dog does not break pattern.... if it barfs the next target is way down and its break will break the complacency of the market....

Roofer your tools and knowledge make you have that "Spider Sense" .
Truly thankful..

Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.