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JI
jimkane
Rep: 3,058
Posts: 33,089
Starting it off. Due to the Monday holiday I believe bonds and FX open outcry are closed, but GLOBEX is open. Stocks and futures for them are open as usual.
MA
MarcinO
Rep: 67
Posts: 5,506
Regular zig-zag to hunt stops below 62?

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es 2013 11 12 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Not too many people are thinking downside here. It's also a potential 'distorted' H&S top, too.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it does like this 58.50 area and 1.272 ABCD. Interesting.
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's see how it handles the TL area and the next spot right after that.
JI
jimkane
Rep: 3,058
Posts: 33,089
Reacts to TL, goes to next level in a bearish ABCD. Now we see. I'd be surprised at anything but 'up', but let's see. Maybe I'll get a nice surprise.
RA
rat89
Rep: 0
Posts: 7,015
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screen shot 2013 11 12 at 2 56 19 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I said, and there's the explosion blowing out the ABCD.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is a key area here, but, again, I doubt anything will stop 'up' until close.
JI
jimkane
Rep: 3,058
Posts: 33,089
Solid respect for the area so far, but at the critical pullback spot, so watch closely here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very technical action. Bounces right up off the obvious area, right to the exact bounce spot the geometry shows, then down into an ABCD, which it 'sees'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Amazing how, after they popped it once more to new all-time highs into the cash close, they let it come back in a bit.