ES closed strong and looks good for a strong start of the week:



However I'll be watching closely bearish ABCDs on the way up since long term questions remained unanswered yet:

I was not following up Silver for some time and found it in interesting position after opening this chart for the first time in a while:



After clear five legs up from the last bullish ABCD it reached concurrently major ML, minor ML and a spike line exactly at 1.618 of W4.
If the stock market is about to turn, then commodities need to turn first, don't they?

the big trade for me last week was trusting the geometry in cde as slv rocketed

That's the power of geometry - Gold strongly up, Silver strongly up and at the same time gold and silver mining company down... Pretty amazing

I wonder who was aware about this rating decision earlier today:



Because somebody must have been

jarek- you asked in the past if we are the only ones who know of the .447... well great minds run in the same rut and will all make the same discoveries.. the .447 is listed in bryce gilmore written work as important fib that predates jim's written work... the .486 is listed also.

That's what I suspected... Actually I just found it also in the work of Gann trader Bradley Cowan ...

i posted this geometry on fri....though rare , i have never seen it overcome....

speaking of which....

Originally posted by jarek

That's the power of geometry - Gold strongly up, Silver strongly up and at the same time gold and silver mining company down... Pretty amazing

I wonder if ES action in the last few days was not a W2 .447 EXP ABCD in which points C and D were pulled down by those who knew about this impending rating decision:

and it just kept on going...

I think it may head for the lower //, not even the ML. I've been thinking 35 since forever. Understand, though, this is really just an index against the Euro, which is by far the heaviest component. If the DX was going up, and the dollar going up against all currencies, the buying power of the dollar could still be going down, even rapidly.

All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...