Not too much activity last week in here... Has this forum already lived through its best days in the current form??

BTW, I think it is going to go up hard for awhile now. Just a hunch.

That said, this 26 area is my first area, and even with that short-covering initial spike, it is struggling here, and shouldn't be. If they can't get over this with aggression, I will cancel my thought about going up hard.

Deep 'W2' ABCD test of the lows?

Okay, after that one last shake the low is in, I think.

I don't have any important lines at the LOD, but finally the bullish green ML was met:



Some relief for the bulls coming?

Use the $SPX and draw a TL from the July '10 low to the Aug '11 low, on a daily chart.

It's a dead exact hit on the SPY on my charts.

Did everyone see the higher timeframe long on gold, complete with 'W2' ABCD? If the market is going to rise here, this should do well. We'll see.

i do not know what to make of this........

now i an interested if it will hold that line AND give a buy signal.