Starting it off.

Al Kamego

Well, it sure is battling it...

And, as I 'feared', it needs to play more games (or even not play out 'up').

See how it went up to the 'other' TL from earlier, the bigger 'triangle', and is now back at the 'backtest' level with a higher degree swing. Now we see. I don't think it will respond 'up' in the RTH.

Wow, cool, they did come in at the 're-backtest'. This may be enough games. It does look 'ready' now. Let's see. It may just be a simple trap, too.

Now back at the bigger 'triangle' line. If it takes that out it should pop, in my experience.

But it may just play more games as the close nears...

Yep, games, just as I 'feared'. So, is this a bullish ABCD here? Nah, probably just more games. Could be, but may not be. I like better odds than that.

Overall, I can't get over the size of the swings we have had lately. The range is wonderful. But two-point swings are now becoming almost instant, too. I recall during the crisis when 10-20 point swings were becoming almost instant...

Look at it dump. I was all over how they'd play this, as far as games. They never change.

One thing I have noticed is that the big stocks, the high-flyers I follow, are all selling proportionately much more than the indices. This may be 'the sign' I've been waiting for. Or, maybe they just come back in at some point, like they have for five years, and just run them right back up. But, I still think they will act as the canary in the coalmine.

So, it was pretty much chop.