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MarcinO
Rep: 67
Posts: 5,506
Just preparing for a flat correction scenario.
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
I'm thinking we may see that 1500 run soon, perhaps well before the European open. If not, surely when they open. I know we are hitting into a key 'throw over' area, but I'm thinking the odds are increasing that 'all bets are off'. How fast can the Dow put on 500 points? In less than a week, I suspect. Or something like that.
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jimkane
Rep: 3,058
Posts: 33,089
This is pretty cool. Click on the years and see the components.

http://etfdb.com/history-of-the-s-and-p-500/
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jimkane
Rep: 3,058
Posts: 33,089
Okay, folks, the best I can hope for here is down to about 87.25 plus or minus. How incredibly pathetic.
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jimkane
Rep: 3,058
Posts: 33,089
And likely it won't even do that...
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jimkane
Rep: 3,058
Posts: 33,089
Down 3.75 points so far! Woo-hoo. I can't believe it...
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jimkane
Rep: 3,058
Posts: 33,089
But, here's the breakout 'retest' area.
RA
rat89
Rep: 0
Posts: 7,015
Asia is not looking so hot again tonight
MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
RA
rat89
Rep: 0
Posts: 7,015
how much do we want to bet that between the debt limit vote and aapl earnings, they will pin it high into the close?



Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
Look at the AAPL close on a 1-min. Very curious.