I'll start the week with this:

The odds do seem high that this is going to bounce off here. But, a small backtest, a fake up through the lines then trap and drop, or a bigger bounce? Can't wait to see.

Watch the small little bearish ABCD here for the first clues (I think it will blow it out to the upside). My next levels after this are:

37.75-38.25

39.75-40.50 (.447 just about a point above)

These are very short-term levels. The next area after short-term, where I'd really think this wants, is around 50+.

AAPL continues to trade like a champ... i have taken every trade given bt the tools since the 886 algo at top and all have worked... latest 40 point grab

traders late to the trade yesterday were given plenty of opportunity to get on board when dia was still up for day

awesome, roofer

In about five minutes the 'tan book' comes out. This may get it moving. It's sold down pretty good so far, so it would be something if it caused more selling. Hence, I think the odds favor chop or a bounce. A bounce would actually be good.

The ES reacted slightly to the ABCD and then topped at 37.75, and has dropped 12 points at the low. Amazing, this stuff.

Originally posted by jimkane

Watch the small little bearish ABCD here for the first clues (I think it will blow it out to the upside). My next levels after this are:

37.75-38.25

39.75-40.50 (.447 just about a point above)

If one is doing the work, it did the drop right off the 'backtest' of the broken 240-min price flow, with no attempt to push over and trap some people. That's weak, my friends.

I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art