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

you called it

Originally posted by jarek

Originally posted by jarek

Does anybody know what usually comes after?

Isn't it continuation of the journey to the next extreme?

There is still not much damage done to the long side, but I wonder how many will have the courage to stay long over the coming weekend:

Originally posted by jimkane

Hey, jarek, try charting FXE for the RTH Euro

OK - I'll switch starting next week

Believe it or not I am torn between trying to concentrate on the market, and still dealing with all that mess in the public area. I spent five hours after the market yesterday on one long reply (not in the forum, to one of the people involved in all this, and the direction going forward). It has really distracted me from posting in here, since when I get up in the morning and finally check my e-mail I've had many replies waiting for me, and I try not to look at them until after the market so I don't get all caught up in them. Then when it slows I can't wait, I look at them, and wind up split between watching the market and any possible positions, and working on replies. That leaves me with no time to post. Sorry. It's just such a mess, and I want to resolve it and move on as soon as I can. But you guys are impressing the heck out of me, I can't recall ever seeing such incredible work in here.

Originally posted by jarek

Where is Jim?!? We are going for the world record in the number of posts in our weekly thread and he's not contributing today?

weird, huh?

j- that is why i did not post today pushed all in at 119.00 dia short. covered 118 .06... the gann was there also.

i did not get fill first time... had to trade through to 11901 to get filled.

Yeah, Eric, those beans were the closest to a 'gimme' as I have probably ever seen.

Time to call it a week with this nice tiny bearish .300/.382/.564/.786 1.000 standard ABCD that will be scaring bulls till Sunday night :



Thank you all and have a great weekend!

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.