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.

Yeah, that 89 is so stoo-pid good the more I look at it, the crazier it seems. Anyone who knows my work well is surely shaking their head still, as I am, at how straight up the work is, and how the frequencies line up as good (and numerous) as I have perhaps ever seen.

Oh yes... I see it now. I pulled up the chart you showed me on my computer. I've been trying to identify on my own, but had to use my "cheat sheet" Clear as day. Crazy cool.

We should see now if this is ready to clear that KZ, or not.

See if you have four overlapping set lines (anchor lines and reversal point lines), all overlaid.

Originally posted by JaLee

Oh yes... I see it now. I pulled up the chart you showed me on my computer. I've been trying to identify on my own, but had to use my "cheat sheet" Clear as day. Crazy cool.

I am loving the gdx trade.....the gold bugs keep getting it wrong at every turn.....my sense is that it's in a major ABC up to around 28 before tanking, and major [1] of C ended at 23.82. corrective move is in play now, with minute 1 ended at 22.71, minute 2 as a flat ending at .618 = 23.40 this morning to set up the drop to around 21.99 = .382 or 20.85 = .618. Wave [2] should raise doubts about the trend, so I would look for the lower target, however, the B wave was very shallow. Lots to think about. A completion of [2] heading into the fed would be sweet.

It can't hack that KZ at all so far.

Nice charts, rat.

I believe so. It's hard for me to say 100%, but it appears that's how it is laid out.

The ES may be getting ready to dump right now. If so, it may just be a 'retest', but it may be heading for that lower area, too...

Okay, it's in the 'test' zone here. Is that it, or is this going to dump? It could 'test' this all the way down to a nominal sweep under. After that, swoooooooooooosh.

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!