I sure wish someone else would step up and start these weekly topics...

Quadruple bottom? How stupid.

Okay, it takes out the GZ, but guess what is waiting right in here? The GZ for the AM low...

The 1.272 and some super-key lines hit at 32, then that .382 at 31, then my next level. Lots down there. I'd love to see it get there, but, alas, this low we just took out is part of that bigger GZ, which it is now bouncing off of. They may defend that vigorously, just like the smaller one.

I didn't explain that right at all, since I was hurrying to post and watch at the same time, and do all of what I have to do. What I meant was, it was in the area to do a little GZ of the GZ from the AM low that we have been watching. So, if it takes out that little GZ, and then the triple bottom, it still has the rest of the range, down to the .886, of the same GZ from the AM low to battle with, to take it fully out. That was a really poor post, and most people would have deleted it, but I chose to try to clarify it.

Originally posted by jimkane

Okay, it takes out the GZ, but guess what is waiting right in here? The GZ for the AM low...

VIX went quite strongly higher.

They are vigorously defending the LOD.

Yes. Recall the chart I posted.

Originally posted by sirios

VIX went quite strongly higher.

Yes, I remember it. I think that VIX may gives a small sign that they finish it in a different way.

I bet it goes straight up hard right now.

But, watch this 1-min bearish ABCD with an ABCD in the BC leg here, in case. My last post was based on how it laid out like that was a little 'W3' there.

Post like this has incredible value for my learning process. Thank you Jim.

I've got many questions how to act in few areas which are shown on the chart and I found are critical in early stage of trade, but I know you can't answer it on the forum. I have ideas and experiment with it and I'm very interested in opinion about it.

Originally posted by jimkane

Okay, here's a chart showing some of my posts, marked at the times, as best as I could do it, when I posted them. Also check out the post I made at 15:53:40. I couldn't find the room to squeeze that one on the chart. Everything I mentioned was based on the methodology. Look at some of the other posts, like the one about the lines coming in. Look at that EXP ABCD. Study the higher timeframes and see why I thought this may go up (other than it was Friday close and time to prep for Sunday night GLOBEX/Monday).

No matter how many cool areas lie below, or how much I want this to sell, 'they' want it up, and the defense of the GZ was a clear signal. Note my post before I started this sequence, about rigorously defending the LOD via the GZ. It wasn't my first mention of that. Clues. Technical factors. The methodology. What roofer likes to call 'the tools'. Now, do some work. Study what led up to what I have shown here.

Click image for original size

Chart created on QCharts, courtesy eSignal.