Starting it off.

Al Kamego

the 1.27 meets the .618 at the .447 at x marks the spot....if this doesn't crash from here the abcd with an abcd in the cd leg suggest 104 area this week.

context:

'The Player' told me he's watching this potential bearish ABCD here, but otherwise, just getting ready for 'the move', happy to have some cushion.

As for me, I am watching 62.75-64.00 (key .447 at 64.75), 66.25-67.75, and a very strong area, 70.25-71.75. The exact levels depend to some extent on the time it would take to get there. I'm also keeping in mind if it rises in the overnight when do they get their 'better prices'? It may still get driven down before or just after the open, then up. So, it's no lock that it will take out this tough ABCD area here right now. We shall, indeed, see.

Nice chartwork and concepts, rat.

thanks jim, and as you point out, abcd's in both directions. there is a change in character in the market lately where we have had reversals on fridays that 1) don't get bought, 2) appear to come out of nowhere if you don't have our tools, and 3) are near term counter trend. among other things, it tells me to be on my toes for a larger move, but based on the relentless push up it would be completely in character to see a push to higher, by some if not all the indexes

Originally posted by jimkane

Nice chartwork and concepts, rat.

they could crash it...or this could just be a bear trap at the bull abcd....

1-min TL touch #5. Game time. No way I see it doing 'the obvious'.

So, it was pretty much chop.