Hi Jim,

Thanks for opening this Forum to your students and giving us an opportunity to show our charts and share our ideas.

Here is a chart of todays ABCD's in the russell. I will post a context chart later. Today was one of those days where the market changes direction on Jim's unique Fib numbers, Had you been trading with standard fib numbers you may not have noticed these PTA's. Is it me or is .564 becomming more and more prevalent?

Well, that's what I'm thinking, based on the price action so far. But until it shows me this smaller 'wave 2' action is not going to hold, I have to assume it's triggered, until it tells me otherwise. And it very well may. The markets always like to postpone key decisions as long as possible, in my experience.

jim - i believe it is not the same. i would not have posted it if it was the same.. i see different lows ..different fib relationships...in he iwm vs. er.

chart

Thanks, Geo, I didn't quite catch what you meant, but I do now. Nice work.

ABCD completing @ 1.128

quote:

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Originally posted by jimkane

What would be an average first thrust for the 4-Point? Did it make it there yet? If not, could we be in a 'wave 2' of the first thrust? If so, what possible ABCD style patterns could be shaping up here? Or could all this be a EXP ABCD, perhaps as a 'wave 4' and then the 4-Point really completes a bit higher, or the EXP even used to get it to the bigger ABCD's we were looking at above? The flow of the 60-min upper// and sliding // should be respected if that recent high was the reversal point for the 4-Point. I will mention that there is another, unreleased ABCD variation that completed right in here, and I'm watching that, too. So all these factors, and some others, give me things to watch as I lay out scenarios and assess probabilites as new price data comes in.

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right again, great teaching post

Watch that daily set ML in here... Russell, I mean. It is hitting with my 13-min ML, right here.

i could swear i am seeing lots of jim's'' new'' abcd's today.

.886 prevailed

Watch the 800 area like a hawk if it gets there, followed by 805-6 and 810-11. This is it, if the 13-min ABCD propels it up here, the key points for me to get a handle on if this 'correction' may be over and new highs coming, or a 'wave 2' or BC leg of an ABCD that is just completing. Now, this is an exciting time for the market, if you ask me.

thankyou duane i knew it was back there somewhere...