Starting it off.

retest at line and .886

I could show you exactly why I think it t reversed where it did. And it is almost all previous work.

Originally posted by MarcinO

Lot of lines around 1989

What will be interesting is what they do in the aftermarket. The 'norm' when they are bullish is to reverse a hard sell like this (usually hard sells are 20+ points, though) as fast as possible. They do it with smaller sells, though, too. Since they fell short today, they must continue this up hard in the aftermarket. if they don't, it might be a sign of weakness.

I'm going through it and yes, a lot of lines over there.

Originally posted by jimkane

I could show you exactly why I think it t reversed where it did. And it is almost all previous work.

Originally posted by MarcinO

Lot of lines around 1989

Now, where would I like this to go? 3.00-4.50 area. What's hidden there, too? The RTH all-time high. Even if it hits it in the all-sessions, it still is a known point. My main stuff are lines and some other proprietary things. Why wouldn't I expect just another new all-time high 'automatically'? It just did a 3D (that's why I suspected as low as we got today). Go to the higher timeframe and look back at the previous pattern. 3D, then a flat ABCD, then a nominal new all-time high, then a dump that shook out the entire 3D. I'm not saying it will follow the exact same pattern, only that it might, or it might do something similar. Usually a reaction to a 3D isn't a tiny dip and new highs. Just some thoughts.

My thought was that they are going to fake out the TL at today's LOD and 92.25low form 29th of August.
This is why I expected that the correction wasn't over.

Originally posted by jimkane

I could show you exactly why I think it t reversed where it did. And it is almost all previous work.

Originally posted by MarcinO

Lot of lines around 1989

There is something in the price structure here, though, that says this push is over, and it most likely will either turn down, or do a bigger pullback. If it does a bigger pullback here, though, I guess it could form a bearish ABCD to my area and then head down a bit as one scenario. From here that would be 95.50-97.00 in order to do a 1.000 ABCD into the posted area. But it could do any of the alternate ABCD levels, and hence who knows where it would pull back to, if it is even intending to do any of this. We'll see.

* Edited due to double posting.
This is what in my opinion could have been violated.

I know which downsloping line is at 95.50 now

Right, and that is valid logic, except that they have to have some TL's 'work' or all the suckers will stop using them. We had a lot of work lined up right on the TL that others would not see, so I thought they'd use it. There is also another line there from my 'proprietary' work that hits dead on, and that was what really convinced me that might be the spot. If you look long enough and hard enough you should be able to find it.

Originally posted by MarcinO

My thought was that they are going to fake out the TL at today's LOD and 92.25low form 29th of August.
This is why I expected that the correction wasn't over.

Originally posted by jimkane

I could show you exactly why I think it t reversed where it did. And it is almost all previous work.

Originally posted by MarcinO

Lot of lines around 1989

Too bad!

Originally posted by MarcinO

I'll be off the forum till 22nd September.
See you then. I already miss the action and all the posts in the forum during this time!