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JI
jimkane
Rep: 3,058
Posts: 33,089
I'll kick it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
21.25-.75 is the center of the area, but that was probably it.
JI
jimkane
Rep: 3,058
Posts: 33,089
That is, if the ABCD holds up, which it may not.
JI
jimkane
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Posts: 33,089
19.00-.25 and 17.00-.25 are the next levels.
JI
jimkane
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Posts: 33,089
21.50. First area now fully hit.
JI
jimkane
Rep: 3,058
Posts: 33,089
21.25 right at the line confluence. This is the first big clue right now. I'm 'hoping' for down.
JI
jimkane
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Posts: 33,089
But fully expecting up.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch from here to about 23.75 for the next clue.
JI
jimkane
Rep: 3,058
Posts: 33,089
Higher low on the 1-min? Here they come?
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the little bearish ABCD now.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there they are.
JI
jimkane
Rep: 3,058
Posts: 33,089
I think this is a good overview of the situation. No solutions (since there really are none), nothing new, but a good synopsis.

http://www.zerohedge.com/news/2014-08-02/do-over-groupthink-mass-delusion-and-hell-pay