Okay, I'll start it off.

I want to see big downside, but this 5.25 (I thought 6.25 would be it, but it looks like it wanted one more little push) may be it. It just seems so 'enthusiastic'. So much for a global asset selloff... They know right where the edge of that cliff is at all times, don't they?

We're looking at the same play, roofer, me via the ES. With four pushes now into a key area, though, I suspect the ES is done. Hard to hold these deeper checkbacks... I'm just not seeing the downside this high should produce. I'm wondering if it wants the 24-25 area (or a little higher if it happens fast), or, more likely, new 'bulls#%&' market highs. Back to that nonsense. It was all set for a monster selloff, too... Darn it.

Originally posted by roofer

what?!!! roofer is trading numerology now?at the 618 the SPY traded at 1618 off that high a nice abcd retrace setup to sell with 10 cent stop..short....fully expecting to be blown out of water....

Roll over, you pig. Oink for me, baby. But I doubt it will...

Let's hope the obvious TL around 9 can stop it. But, it's too obvious. I think it wants a new HOD now. Darn it.

I say it squirts over the TL. Then we see if it's a snap trap. I doubt it will be.

Bearish EXP ABCD at .447 at TL and natural set line, and is 'sees' it. Who could ask for more. But I doubt it will be enough. It 'wants' up.

Got to respect the clues...

Now, I'd say that shook everyone out, and now it's free to fall, but I can't see it. I just don't see that. I see 'up'. Better than seeing dead people, I guess...

What's your target on this one, roofer?

Originally posted by roofer

what?!!! roofer is trading numerology now?at the 618 the SPY traded at 1618 off that high a nice abcd retrace setup to sell with 10 cent stop..short....fully expecting to be blown out of water....

I used the movie reference below because TK got it into my head...

http://slopeofhope.com/2013/06/i-see-dead-people-2.html

Originally posted by jimkane

Now, I'd say that shook everyone out, and now it's free to fall, but I can't see it. I just don't see that. I see 'up'. Better than seeing dead people, I guess...

TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...