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jimkane
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Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic.
Let's make it another monster week for quality posts.
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rat89
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Posts: 7,015
my pocked has holes in it, so there's never been enough to put in a swiss bank



Originally posted by jarek

Do you suggest that Swiss banks are redundant these days?

JA
jarek
Rep: 94
Posts: 3,474
We have the first bearish ABCD in some time, so at last there's something to watch:

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rat89
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Posts: 7,015
we have abcd's in both directions.....what to do, what to do.....my gut says spy has to make a marginal new high somehow before a pullback, which would kind of "explain" why all the sharp pullbacks here are shallow and right to fibs and just peter out....

for whatever reason, I'm watching this dark blue schiff set on spy anchored on the 13377 > 13283 move....it has been respected several times

13411 = 1.128 and the previous high to the penny
13424 = 1.27
13420 = 1.06 of large swing down from 13411
13420 = 1.46 of 13377 > 13283 swing


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JA
jarek
Rep: 94
Posts: 3,474
I haven't commented on Bonds for some time because of this 3 months long consolidation around December lows:

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Is this possible that it was a W2 bearish EXP ABCD and we'll see W3 down soon??
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rat89
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rat89
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JA
jarek
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Posts: 3,474
Originally posted by jarek

We have the first bearish ABCD in some time, so at last there's something to watch...

It played just to the upsloping ML for a possible test and retest. If it wasn't just an AB leg of a bigger bearish ABCD at important line - we should see a decisive breakout to the upside:

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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

... If it wasn't just an AB leg of a bigger bearish ABCD ...

... and the rise stalled just there:

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Now the usual question: ABCD or W3 up?
RA
rat89
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last chance at the .685

keep in mind I'm looking for a retest of the upper line somewhere....
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RA
rat89
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nope! here's what really happened...

Originally posted by rat89

last chance at the .685

keep in mind I'm looking for a retest of the upper line somewhere....


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JA
jarek
Rep: 94
Posts: 3,474
Thanks - I must have been sleeping indeed