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:

Crude,Gold and Euro are connected.

4060 is of great interest perhaps

hmmmm.....1.128 at the red line?


8537 = 886 at megenta line

it is fascinating how yesterday's gap sits right at what has for now become the .382 of this move using the existing high

This .382 bearish ABCD simply has to fully play out if bears want to avoid another round of grilling:

grilled bear for lunch? didn't know we were having a bbq

Originally posted by jarek

This .382 bearish ABCD simply has to fully play out if bears want to avoid another round of grilling:

if 61 marks the turn is this the c point of a kane pattern setting up? a trip to 4620 at 1.46 to set up the next up move?

Originally posted by jarek

This .382 bearish ABCD simply has to fully play out if bears want to avoid another round of grilling

They are fighting desperately at this KZ ABCD, but bulls are already preparing cutlery:

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...