Okay, I'm still trying to get my footing here with this new format. I'm not sure where I'm going yet. We'll see...

And why are we even talking about this? This is only for very advanced students. The basic tenet of the methodology is an ABCD in a trend, at a .382 or .447 (or a .236 or .300 if appropriate), etc. Since we don't have that here, time to move on. Once one is very, very advanced, one can look at other things, like line to line plays like roofer likes so much, and so on. Trade some extremes. Whatever. But this is a much higher level skill, and one I only recommend the very advanced trader look at. Hence, I can't explain in a few words how I read the action and try to make a decision which of so very many line confluences and such I may look to trade against, use just for management, and so on.

It's way beyond the scope of this forum, and maybe even of teaching in general, to explain that. Just so it's clear why I have levels, and why I can't just say exactly what I think way in advance, before things unfold. I'm just posting levels so people can do work, hopefully find the same levels, and then have an idea what to look at as things unfold. Study some 'context' and decide on some premises on their own. That's the dream, anyway...

I've just not been in the mood to post lately...

I'm 'long side bias' very short-term off the pseudo-ABCD 'W2' GZ retest today. Watch the SL here, this is a key spot, and all this action since the low may just be a messy correction and it's just waiting to roll over hard. Just a scenario I am considering, and feeling cautious because of.

Okay, it poked its nose over the SL. Now we see if it's a 'peekaround' or something real. I'd like to see it get moving, but this is set up for a crush, too...

It really looks ready to launch up.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. No launch after it looks 'up'. Time to run it down? I actually think the most likely thing is is will just hack and chop and do nothing...

In the meantime I just stay with the short-term long side bias, and see how it handles this 'correction area' here at the SL. It sure acts like it will resolve it to the upside. And soon.

It's really curious to watch this act all strong as it bumps up against this area, but then do nothing, over and over. Keep in mind, this is nothing but super-very-short-term tick chart and 1-min observations, something I watch just to keep me occupied and busy so I don't get too bored. In the grander scheme of things it means nothing. It may mean a little something as far as the 1 or even 3-min timeframes. I'm just studying that theory about how they try to make it look a certain way right before they do the opposite.

This one, though, I can't imagine any resolution but up here.

Well, it's about time.

Now the question is, with this pop spike with big 1-min volume, was that it, or the start of a real move up? I'm thinking a real move up.

CDE got hit a little bit this week.