Okay, no one has started the new topic, so here it is. Silver ready to hit 48, gold at another new all-time high, ES futures are up and rising, the Aussie is looking strong, CL another new high for the move, and working on that contract high. Same old, same old. 'Risk on'.

I'm not suggesting a potential top in ES, but this place may be good for a bigger correction (like 5 points or something ):

Originally posted by jarek

Recent developments in Silver look for everything but not for the start of the move up off our bullish ABCD... I would be pleasantly surprised if it held

The form of the initial move off the ABCD is terrible, but the intentions to defend the lines were clear:

Give that man a cee-gar. Someone who understands what I'm usually getting at (oh, I know others get it, too). This thing is so overblown and overstretched it's just insane. Like they say with overbought and so on, it can get way more overblown, but it's about as nuts as I have seen. Unless the dollar actually does collapse in here, this thing is on borrowed time. At least from a snap back perspective. Okay, bathroom run is over for me, back to bed, I just checked to see what was happening on the charts before I turned in again.

Originally posted by EricD

great reads Jim....Everyone is looking one way. Usually when you make a comment like "Gold 2000" it makes me feel to be on guard. As there is always something deeper behind the words.

The move up in Bonds continues after a classic breakout above the lines:



I wonder if this is still a part of Bill's plan, or not?

In fact there was a small 3D at a spike line at ES overnight top and the green ML was just reached:

re top... no.... re dollar collapse/ gld.....look for both to accelerate....re trading... going to do what jim should... take a month off and work on health....

however, i am jarek's camp looking for 5 point pullback..hahaha!

That small 3D was good enough for 7 points already and counting:



I have to admit that I was not expecting such deep correction at this stage

Originally posted by MarcinO

Cable hits 18 months high...

I showed this EUR chart several weeks ago:



The chosen path should be obvious by now

The behavior of AMZN after very weak earnings looks as completely irrational. But somebody wanted this KZ DT 1.272 ABCD to play out fully:

Originally posted by jarek

10th bullish ABCD in the recent uptrend in the making?...
This must be really boring for all long on EUR...

Almost fully completed now: