Kicking' it off. Going to be another exciting week of the same old, same old, I think. Let's see if that late weakness turns into a big drop, or if it does what I think is the highest probability which is setting the new all-time high. Remember, though, this is a monster area with a key backtest on the daily/weekly SPX.

Almost the entire drop is now made up. Let's see if it can really get going.

.886 to .886 now

It could/should pull in a little more here from this 75.50 area. If they are getting frenzied it won't, but otherwise it should. Of course, this is an area, so it could be done.

I'd really love to see it get to that 85.00-86.50 area.

Little bullish ABCD, or done?

That is so what I'm talkin' about. The methodology at its best.

Originally posted by jimkane

Little bullish ABCD, or done?

It probably won't want to waste it today and set another new high for the move, but it's within reach if it did want it. It most likely will do the save it for later routine. But, I'm long side bias and this is a classic 'ride mode', so we'll see. You never know, it might go for it.

Originally posted by jimkane

I'd really love to see it get to that 85.00-86.50 area.

There's the nominal new high for the entire move. Crazy. Up 24 off the low there. How's that for a move, though.

I've still got a shot at my area. I'm thrilled with the 56 read, so it doesn't really matter one way or the other, but when something unfolds almost dead on my best case read, well, it's just a lot of fun for me.

It also makes sense, with the low at 55.50, if it can get to 85.75 it will be 30+ off the low, and we know how it loves 20+, 30+, 40+, and so on. I'm not sure it can make it, but it sure is close...

PCLN not only hit another new all-time high today, it is pushing up on 1,500 a share. You read that right. Until this nonsense stops, the 'bull' isn't done, in my opinion.