Giving Al a break this week. I was thinking about what Marcin and Rat said. The pattern that you described Rat, is a textbook Trend Direction ABCD . Nice call. Internals make more sense, found my ABCD in the BC leg. Fibs perfect. Yeah Marcin, I am not that good at counting, just looking for trend and a correction to get in on.

This should be an interesting week. Will we have a new English Prime Minister? What about the wall? What will that crazy guy do to roil the markets?

Duane,

Thanks.

Al :--)

Originally posted by Duane

Great Charts Albert !

Paper trading. FB had a nice move up yesterday morning and I made a bit on long calls, trading a move between Points C and D. ABCD up into the 0.382 fibo, measured from the half gap.

Al :--)

rat,

Awesome charts. I am studying the FB chart.

Al :--)

fb is confusing, because it is so far out of sync with qqq, having peaked much earlier....I'm really not sure what to expect going forward, but spx just hit 2645, which is the 50% retrace of the drop, and a key area here, into oe....

Originally posted by albert

rat,

Awesome charts. I am studying the FB chart.

Al :--)

nflx....assuming my count is correct, and assuming that 358.85 was the completion of wave Major [2], wave Major [3] targets 193 area, where [3]=1.62*[2]

Nice charts Rat , Thanks !