So we are in advance, which statistically happens once in a decade and there are some lines in the current area, but who said, we can't go for something even bigger than that this time around?



Somewhere in the coming week I'll disappear for more than 2 weeks for my first holidays this year, so you'll have a chance to rest from me for some time

And there's the pop on volume and 'squirt effect', right to 40.75. Hmmm, what a shocker.

Originally posted by jimkane

If this gets going my next area is 40-41.50.

ches- i am keeping my eye on the prize....since the spy triggered the .886 on gap on 5 at geometry....the big target has been the medianline... every target in between has been taken out.

So, where am I looking next on the higher timeframe? Well, there is a little area around that 1350, and another just over 1360, so perhaps that whole range is a bigger level. After that, I have a real magnet calling this around the low 1400's (let's say 1402-06, for example). I'd be pretty surprised if it doesn't get there fairly quickly.

After that, new all-time highs. Trannies got within about seven points of new all-time highs, Midcaps and Russell not too far away. S&P is a bit away, but I can see it if they keep this going. It's a race to see if they can get to new highs before Europe completely implodes. Then again, if there was a total meltdown over there, with defaults left and right, entire countries falling, I bet the stock market would go straight up.

Hmmm, I just got up to use the bathroom, and see a nice 8 point drop off the highs there. A very pleasant surprise for me. After a just past 1.272 push off today's ABCD that Al showed, too, indicating a possible end for the move. Despite my looking at strong upside potential, I am waiting/hoping/begging for some downside, and this is a great place for it to start. I won't hold my breath, but I'm ready, let's put it that way, if it starts. And if it does, my s#%&-eatin' grin will be from ear to ear.

Watch this 'backtest' of that 15-min TL here, at a lower // off a key set, at this 32.75 low. Good place for a clue. Looks like it may not hold. Sweet. Okay, back to bed, if I can sleep now with all this excitement...

I know this sounds crazy....but does this .685 and 1.27 area throw it back down for a retest?

is this the prize you mean?

Originally posted by roofer

ches- i am keeping my eye on the prize....since the spy triggered the .886 on gap on 5 at geometry....the big target has been the medianline... every target in between has been taken out.

what I saw going into the close yesterday..... .886

some median lines have been hit....

spy not yet, not here either

I do have to say, as much as I like other work by this author, many commenters called into question if his research was accurate. Perhaps it is not. Nonetheless, that was one heck of a government manipulated ramp, I'll say that.