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jarek
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Jim suggested to take a look at daily charts of some secondary indexes and here is my current $RUT chart:

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The green ML of a set based on big bearish 3D happens to be also a neckline of a classic head and shoulders. If bulls would not be able to defend this line next week, then a move to the lower ML should follow. This would also be a perfect fulfillment of a successful H&S pattern.
It is all the more interesting as this big bearish 3D fell dead on at the upper ML of a quite important set:

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rat89
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jarek
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And now we combine our previous smaller ABCDs into a bigger KZ one
:

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tx_ches
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TNA 30 minute. Will it make it to the yellow ML?

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rat89
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albert
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Kane 4 PCP ABCD completing at 0.618 fibo. Breakout of triangle at ML Upper //.

Good Trading,

Al Kamego
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rat89
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rat89
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jarek
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Above this point it'll be a clear W3 up:

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rat89
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a fascinating spot.....abcd to 1.128 on iwm
almost 886 on spy....I was looking for it at the bottom but it never came.....was it meant to be at the intraday high?

is this how we either get our a) bull retest, or b) break to new lows?


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jimkane
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Trichet press conference.

http://www.zerohedge.com/article/trichet-strong-vigilance-needed-july-150-rate-hike-coming

Originally posted by jarek

What suddenly happened to EUR??

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rat89
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it might have to, and we'll find out soon



Originally posted by tx_ches

I could certainly see it going lower though.