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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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JI
jimkane
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Posts: 33,089
Did I nut that or what? This is amazing beyond comprehension, this move.
JI
jimkane
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Notice the EXP ABCD it is reacting to.
JI
jimkane
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Back to the KZ. Clue time. I already have an idea.
RA
rat89
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Posts: 7,015
??


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jimkane
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The odds are low, but I know what they want. They want to close this + on the day.
JI
jimkane
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It's what they want. But, we'll see. This EXP is slowing it down. But that LOD is a major, major key area I've been waiting on for a long time.


Originally posted by rat89

??


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RA
rat89
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jim, are you telling them what to do?

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JI
jimkane
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Nope, just trying to read their minds...

Originally posted by rat89

jim, are you telling them what to do?

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JI
jimkane
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Look at this ABCD!
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jimkane
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Posts: 33,089
But understand, we have a major area pushing this up, a bearish EXP ABCD, and now a smaller bullish flat ABCD, after a monster 'W1', which should need more time to digest.
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rat89
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Posts: 7,015
it might have to, and we'll find out soon



Originally posted by tx_ches

I could certainly see it going lower though.