ES approached major downsloping ML on a daily chart:


Acceleration, bounce or coil now? In case of the first, our target area is just 4-5% away. Exactly the same as in case of $RUT for the move off its head and shoulders pattern confluent with the green set lower ML:

Bearish EXP not cleared out yet:



Slight overshot could be caused by Schiff ML magnet

j-i think joed is one of the great trading minds of our time.... but he said exactly what he meant about the inversion... in the ten years i have seen his work, i have seen 3 major inversions... all hell breaks loose....just be sure to be trading work that you can defend for yourself

Thanks for the insights, Geo!

by the way, i think jim is also one of the great trading minds of our time....remember also that at this time, joed is not showing the majority of his work....i watched joed catch trades for extended time with no fib no gann no lines... but only hurst bands and indicators....he has yet to show that work publicly...

roofer, can you explain a cycle inversion for me?

Originally posted by roofer

j-i think joed is one of the great trading minds of our time.... but he said exactly what he meant about the inversion... in the ten years i have seen his work, i have seen 3 major inversions... all hell breaks loose....just be sure to be trading work that you can defend for yourself

turned just above the 886 on the first day in five that did not open with a gap....

a cycle inversion occurs when all the cycles line up with the geometry and the trade seems like a sure thing.... but in cycle language, instead of a turn, as the cycles forcast, the cycles unexpectedly ''invert''and an acceleration occurs.... here it would be a collapse....what joed is saying is''PRICE MUST LEAD NOW!'' or something is seriously wrong....

thank you...

Originally posted by roofer

a cycle inversion occurs when all the cycles line up with the geometry and the trade seems like a sure thing.... but in cycle language, instead of a turn, as the cycles forcast, the cycles unexpectedly ''invert''and an acceleration occurs.... here it would be a collapse....what joed is saying is''PRICE MUST LEAD NOW!'' or something is seriously wrong....

is this a moment of some truth?

Exactly. A breakdown here would imply something is seriously wrong, and an acceleration 'should' occur. Imagine if that acceleration is through the area everyone is watching at that 200 dma. Imagine the stops and programs that might kick off, and how instead of triggering buyers, it may feed on itself. Just a thought.

Originally posted by roofer

a cycle inversion occurs when all the cycles line up with the geometry and the trade seems like a sure thing.... but in cycle language, instead of a turn, as the cycles forcast, the cycles unexpectedly ''invert''and an acceleration occurs.... here it would be a collapse....what joed is saying is''PRICE MUST LEAD NOW!'' or something is seriously wrong....

Okay, that's it for me. I probably won't post again until the Sunday night session.