So, although I see almost no chance (okay, perhaps one in a million) that this will open anything but up, and then rush up even more, I'm watching 1233-34 if this 1240-41 (Friday's low was 1242, close enough given that 40-41 is the center of the area, not the entire area) doesn't turn it. Like I said, though, it's Sunday night, so it should gap up and run, right?

One scenario is they bring it down a bit more, and then QE3 is announced, along with more Euro bailouts, and then we start Carl's march well into the 1300's, and then beyond. I think they will print until the collapse, as I've always said, and printing almost always leads to higher asset prices. (The value usually declines in reality, but the 'repricing' in devalued dollars has a higher number, like when Zimbabwe went into hyperinflation and in Zimbabwe dollar terms their stock market was the highest performing in the world (from a percentage standpoint)).

So, I think it is just a matter of does it go straight up from here, or do they bring it in a little first before all the additional intervention drives it higher. They may also bring it up a bit, and then down into the early AM, to get better prices, and then up tomorrow. I've mentioned that game in here frequently, too.

Got gold???

they definitely saw it that time

So, the high was 65.75. 64.75 center of area. Little tick ABCD and final push gave the lie to the bullish case into the geometry. And pinpointed the final termination point. Good for 9.25 high to low so far. Just doesn't get any sweeter than this. All posted in advance. Too funny.

Originally posted by jimkane

Watch how this acts in this 'rollover' spot at 64.75. If it drops a tiny bit and they rush in for it, that's a big clue. If they don't (hah!), that's also a big clue. This is a spot in here.

.447 hit, right back at key lines tested at least 6-7 times so far. I wonder why it went back there? Too funny.

BTW, what if those key lines, tested so many times, give way?

Wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee! 10.75 points so far.

"It's all just geometry." -joed

Yes, indeed.

Originally posted by jimkane

BTW, what if those key lines, tested so many times, give way?

ES on the rise? That's interesting.

Same old, same old in the pre-European open. Best trading time of the day, by far, I feel. I had a pretty good signal off that 54.25 low, on the 'fake break' below the lines. It gave a little 'W2' retest, then the grind up started. Look at that DT ABCD for another good entry shot. Then the monster launch up, hitting the stops it couldn't get today. Nothing like a less liquid time of the day to be able to waltz it around wherever they want.

It's now at a new high for the entire move. I told you that H&S was too nice-looking to play out. The one thing I will say is, on the higher timeframe, say a 240-min all-sessions, this looks ready to explode to the upside. Now, are they making it look like that as it gets ready to tank, or is it 'for real'. One thing I will say, it has had chance after chance to start down, and every sub-level, it reacts slightly and then up again.

To be confident it is going to turn down off this profound area, well, I am at the point of feeling I am 'talking myself into it'. I have learned over the years that when I do that, it's almost always not to be. Just a thought here. I'm ready for a dump of big proportions, but I think the odds are starting to greatly favor a big upside spike. The final sub-levels of this key area, joed's timing factor, if it all gives way, Booooooom!

I'm not going to post tonight like last night. I just wanted to give some things for everyone to study, much of it posted in advance. There's more than enough there to work with, so I'm not going to do it all the time. But, expect some great action as the maniacs announce trillions and trillions more in money printing, all for the banks and gunning the market...

Ooh, nice dump off the open, with a lower high to kick it off. I'm watching 62.75-63 and 61.50-62. If they can actually sell this at all then I'd be looking at 58-59. These are the very short-term initial levels to judge any seriousness on their part.

Oops, I said I wasn't going to post...

And, drum roll please... right into the after-market close they hit... wait for it... oh, the suspense... 54.75. How did he know this? How??? Get serious, how is this possible?

Originally posted by jimkane

Now 54 and change in the after-market???