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?
JI
jimkane
Rep: 3,058
Posts: 33,089
Now you can see the last critical area I am watching before this 'blows out to new all-time highs'. Notice, though, the unfilled gap right above this area.
MR
mreiserer
Rep: 110
Posts: 2,220
If prices reaches the ext 1.618 retracement of Wave 3-4 the gap would be filled. Hmmm...




