W2 ABCD with TL backtest?

It's a good time to be wildly long gold and silver (for the short-term) now, isn't it?

Buy! Buy, buy, buy. Buy!

You all saw that, right? You understood my remark?

Only after the fact - due to huge timezone difference.

They made it look monster strong. So, my expectation is fake up, fake down, huge move up. And they did it. The crazy part is, look back to that bearish flat ABCD. Up and over the previous swing high, sweep down, sweep back up and over, then that big sell, forming the bigger ABCD. Hmmm, have I seen that before?

Originally posted by jimkane

You all saw that, right? You understood my remark?

Okay, let's assess a few things real fast, then I'm done, exhausted. What a day. The ES goes up 30+, then down 50+, then up 20+, in how long? A month? A week? No, mere hours. Notice how all the moves were that multiple of ten, plus a little? I wonder why they do that... And I wonder why people just keep saying new all-time highs are coming... They may be, but they are saying that in the midst of endless warning signs, just like they said that's the low all the way down in 08/09, until the bottom, where they then said it's going to zero. Go figure.

But, my most interesting observation is that we are in one of the longest-running 'bull' markets in history, just off all-time highs, the market moved over 100 ES points in smooth trends today, and there was not one single RTH post in here! WTF! If it was because everyone was so busy with all this insane action, well, that I can see. But, we all know (me, I guess...) that that has nothing to do with it. It's so discouraging.

It was time, so swoooooooooooooooooooooooosh. Cool.

Time to make it all back as fast as possible.

Gotta say I like it...

Up 44 points from the low last night, by my data. The size of the moves is just blowing me away. I love it unimaginably, but I can't get over it, just like I couldn't back in '08/'09.