On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

Now watch this ABCD area here.

All I can say about the countertrend shots is one thing (no claims): Got-cha, you oinker. Gotcha.

This is a key spot, so I'll be taking that into account.

I'm not saying the move/play is over, I'm saying this is a key spot, so I am watching for clues.

So, what would I like? I'd like it to get to that lower 80's area I have. The methodology calls for 'management mode' here, so it does what it does. There is no spoon...

marcin, please.....he's just feeling a little under the weather

Originally posted by MarcinO

The one rat shown looks more like a dying pig.

spy 15 - a funny thing happened when I pulled the green set back to the prior swing high instead of 207.14.......note the red fibs showing 1.618 of 207.14 - 203.09 and 2.0 of 208.60 - 207.00

Right back to the SL it broke out from, to the tick. That might be it for now. We shall, indeed, see.

Monster cluster of short-term Fibs and such right on the line that has another line right over it from the 240-min/daily chart. Crazy spot here. Hopefully it gives way.

It really should produce a substantial bounce, though, or reverse it. If it doesn't, that's a big clue.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!