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???

This is a tough spot here. If it can keep going without a checkback that is not only impressive, but heading into that third area, likely exhaustive.

0.75 points from the third area. And note that is the bottom of the center of the area. Let's not get too picky.

Just amazing, I said 45 way back during the regular session. 45-47 center of area, but watch 45. It hits 45.25 and is now up 13.75 points at the high so far. Today's high that brought it down was 66.25. I said watch 67.50 (but go back to the posts and see when I said that, and keep in mind I post centers of groupings, not exact spots!). I said watch 59.00-59.75. It hit 59.00 and is now down 3.75 so far off that.

Am I on fire, or what? No, actually, this is business as usual for me. All posted in advance. Day in and day out. I'm not bragging here at all, not even slightly. I'm making a statement to all those that hate me so much 'out there' and refuse to 'make me rich' buying a set of books that may or may not have anything of use in them. Too funny.

59.00 hit, as explained in the last post.

Originally posted by jimkane

0.75 points from the third area. And note that is the bottom of the center of the area. Let's not get too picky.

1-2-3-4 off the low. Will it 'retest' this high area more deeply with a 'W5'? We'll see. I was already triggered off the high, so this is a cat and mouse chess game here to see what they try to do with stops and such. Ah, the technical aspects of this in here, it's just a blast to experience as it unfolds. And if they just smoke it up here and do another monster blast up and I'm not in? So be it. I think my read was dead on, nearly perfect up to this point, and the short shot off area three was a good probability deal in case. Now it does what it does, and no matter what that is, I'm very happy.

Watch the 1.272 off this 'W4' at around 60, to see what it does. If this keeps rising past an area three, 5-waves, and final 1.272, it is monster.

Let's see if it fails here at 58.25...

Just for informational purposes my inclination on the short side off this area is to have the position size 1/4 of what it would be on the run up. Just a dabble, in case.

Now, does everyone see the absolutely incredible line at the high there at 59.00, to the tick???

Even if this potential flat ABCD sends it up and over here, that line is critical to see.

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???