Let's see if we can do better posting this week than last week...

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Just looked at that one, via the GC, with a student today. One scenario is the ABCD completes lower, at that modified Schiff lower // you show. I sure would love to see that. Of course, I'd like to see it be a 'W3' even more and break that lower //, but that couldn't happen, could it?

and then there is the bounce scenario into an abcd around 165 area that takes to lower //

Yep, 5 waves down in here already, bounce up and form an ABCD in the BC leg, then down. That sure is one scenario I'll be watching.

Whole big job to a trash at the beginning of the year ? I don't think so. I'm against this crazy move

So they did it in new year. It is strange that they waited so long. Happy new hossa.

Move this morning looks strong to me. Price Action looks out-of-parameters to be a Kane DT ABCD.

Al Kamego

happy new year everyone

Happy New Year to all.

Al Kamego

Keep an eye on how the ES handles this 76.75 area here. I see nothing but new highs off this sweet ABCD it put in, but if they are out of gas, this is a spot to watch.

In my opinion they did what wanted to do. Last move up before close was to keep faith into rising. Globex will sent SPY back below 200 daily moving average. We will also see pretty “island reversal” on daily chart.

They have long term plan and executing it. I think currently they have full wallet of shorts. Probably they see bigger money in bankruptcy European Countries then in printing money.

Of course „We will see”