Thanks david. As a non EW follower, most of the stuff didn't makes sense to me, but I could follow enough of it to understand his targets were similar to ones that I would come up with via Andrews.  Again, all roads lead to the same place, just depends on how you get there. 

So what is the confusion with the 2012 highs?  I may have misled you and blu earlier to on my 504.  I wasn't sure what you were referring too (maybe still wrong) but I just created  a DEC only continuous chart back to 1960. It is something that I really hadn't thought of much.  But on that chart, ZCZ4 April top was 517.00.

As I studied the chart some, it flows nicely.  And appears to be completely trade-able. Price dances through the lines just like the would if it was a front month continuous.  Admittedly a little surprised...then again, I shouldn't be.  I have been developing the theory of the energy being passed through the spreads from what our resident basis guru has been saying.  This only confirms this theory further.  Not sure what fork blu was asking for, but here's the most recent pendulum.  Also, Pitt always talked about the retest of the broken TL coming at some point, and I agree with him.  I am pretty confident that the TL isn't just a TL but a center.  Using that concept, my concern is this formation is the often babbled about here center formation.   And this where my concern resides with low prices in to the next decade.  If we can't achieve the levels vertically, which we all hope we don't/cant, the other way to do it is on the "X" axis.  Either way, they both are gonna hurt, just one a whole lot longer than the other.  We need to meet Tara's 5.20 level to shorten the time element down, but I personally can't see it, but I am hopeful he is right, and I am wrong!!!  Otherwise, welcome to the late nineties price action with volatility contracting.

(zczconti weekly.png)

(ZCZw conti center.png)

zczconti weekly.png (53KB - 177 downloads)

ZCZw conti center.png (51KB - 168 downloads)