Wow, that was a sweet little 1-min bar stop run breakdown there. I love it. Maybe that's all the downside it has, though. You know the games they like to play before they do a Sunday night GLOBEX/Monday run up. But, one of these times we'll get some real downside... It's sure all set up for some right now, as discussed previously. I'm patiently (Hah!) waiting for it...

Notice the 1 or 2-min bullish DT ABCD here.

Those actually do fall into the two areas, and are part of them, but I also have some other things that make up the areas, and those things I can't post. Sorry, not everything I do is something I think should be made available via posting.

Originally posted by sirios

Are these levels also based on expanding 1.27 and 1.618 of big ABCD which send it up ?

Originally posted by jimkane

Okay, so overhead I'm watching these levels:

37-39

50.25-52.25

This is based, of course, on this A+++ 'W2' area here giving way. We know 'they' want nothing more than to take out that high, gun this up, break the big fractal pattern, and send this to new all-times highs. 'Up until April/May, drop it down, get lots of bearish talk, run it up to new all-time highs for the election.' To me, it's almost pre-ordained.

Watch 22.50-23.50 here for them to come back in. If they don't...

Might be off by a tick on that, perhaps 23.75 is it. But I'm still rooting for Sol...

One thing I do want to mention here. This seems a little silly, or not realistic, but I take it deadly serious. I said way back, based on my own thinking, and then a few articles I saw out there mentioned it, that the 'bull' will be over when Facebook IPO's. Like how cyclical bulls usually end in a secular bull trend when a new world's tallest building comes on line. This bull would end when the most over-hyped, overvalued, overly useless for real productivity sign of man's hubris gets valued at $100+ billion in these economic conditions. That's the final blowoff move.

Anyway, they filed today. Now we just need to see when it comes to market. Point is, it is lining up with where we are on the charts and the big fractal pattern. And if we did dump in here somewhere, this could be the 'retest' of the May 2010 highs, which my most fervent wish is that that marked the end of the bull, not in here. If we set a nominal new high it would be a tough call as to which high was the 'real' end of the bull. But, to be consistent with the Facebook theory, it should set a nominal new high here which would mark the end of the bull. We'll see. Probably won't matter; nothing can stop this thing and the 'election plan', right? Money printing always rules. But I can root for Sol, can't I? Ya neva, neva know...

No, it just traded 23.25 and then snapped up a bit. What a battle.

Originally posted by jimkane

Might be off by a tick on that, perhaps 23.75 is it. But I'm still rooting for Sol...

Just look at how they are 'holding' this level. They know...

With a 1-min 'shelf' like this and the strong upward manipulation bias, I think they will want to stab it below, and that will cause a very rapid snap up, and clear it to run up more. We'll see. I'm just saying, it is set up perfectly for it, and the break would suck a lot of shorts in.

There's the break, but no initial flush was triggered. That's extraordinarily odd to me.

That couldn't indicate some real selling coming, could it?

I think it also pays to look at other markets when doing 'intraday swing trading' (daytrading to most). Gold, the currencies, and crude were anything but dead today.