Today is series s4L and the SPILL PRESSURE IS UP…
Ok, you have a follow up to the last nano EW chart today. This was from the Sept 20th commentary written after the HIGH on Sept 19 that was confirmed by the FAILURE to MUST hold 1702.5 SPOT and committed and confirmed by the 1693 and 1681.5 SPOTS…
Right now assign SPOTS at 1728, 1734.5, and 1742. There is larger fibbo resistance at the 1757 and 1768 CASH but the BIGGEST AREA is 1776/1779 (too many eyes on 1779).
I repost that excerpt because of the 1757 CASH figure: I get lazy and round prices when they are out into the future and far away in cases. The point is yesterday’s high was within the rounded margin of error. Furthermore, it is the last price which the pencil and eraser crowd (I R 1) who occupy the permabear space can see the whole move as a completed ascending triangle using the 1560.33 CASH origin as they will plead ‘e’ overshoots or undershoots (overshoots in this case-get out all the charts with YELLOW ELLIPSES) the touch points and we focus on THRUST away from that point as confirmation’.
More importantly they will yell to the high heavens the move up from 666.79 is finished. I see that as LOW ODDS.
It does provide us a price marker for a sharp drop as the extended 5th confirmed by the acceleration through 1720 CASH could well be in the process of being corrected as of yesterday. MORE IMPORTANTLY, if we take out the high from yesterday, another round of buying should occur which drives us into the 1768 to 1829 CASH ZONE that envelopes ‘too many eyes on 1779 cash with a small speed bump at 1764.56 (not rounding this critical price ) which is an addictive high obtained by subtracting the Obama crash low 666.79 from the wave I high on your weekly charts 1356.58 and then adding it to the MY NAME IS BEN AND I AM THE MARKET LOW at 1074.77—see annabeth 7/7 2011, 3/06 2009,10/04 2011…
HONING: my apologies for not pointing out the INVERTED T’S yesterday in the commentary prose as they assured us of 1 good down..Many of you know to look for these and tight T’s ..The bounce off the 42 SPOT was weak in from and did produce a wheezy rally back to the 1752.5 SPOT…
If the BEARS take advantage of the NORMAL pattern today then they have a shot at recovering the outstanding slice and dice of the 1729 SPOT before Friday’s close — they drop the soap again on converting the 1752.5 SPOT ..SPOTS TA ROUNDIES
FV -5.29 NUMBAHS s4L 10/23/ 2013 DEC. contract
[table]
DAILY , WEEKLY
PIVOT 1748.5 , 1721.0
S1 1742.7 , 1701.7
S2 1736.3 , 1666.9
R1 1754.9 , 1755.8
R2 1760.7 , 1775.1
MAX H 1767.0 , 1809.9
MAX L 1730.5 , 1647.5
[/table][table]
Range Projections,
1745.5-1757.9 Primary , 1669.8-1728.6
1739.3-1751.7 Alternate , 1640.4-1699.2
[/table][table]
TVS,
1754.4 HIGH , 1740.3
1753.3 LOW , 1695.9
[/table][table]
TWO DAY
1762.0-1765.6 HIGH
1730.8-1734.4 LOW
[/table][table]
OPG 1744.3 , 1687.0
H 1754.4 , 1740.3
L 1742.0 , 1686.2
C 1749.0 , 1736.5
[/table]
