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?

That's pretty funny.

thank you all for grasping the importance of gap fib. for years jim has watched me pound the table about it and the only one who'' got it'' was jim...

Thanks, Geo. Well, once you see it, like a lot of this stuff such as 'adjusted' ML's, you can't imagine ignoring it.

Yes it's great stuff. You both are great trading minds. What a privilege to learn from such.

That was a nice three-drives to the top pattern on 1min chart. At least that's how I saw it.

Yes, and I find it is a key pattern to watch for in certain situations. This one was quite nice, and useful.

It also came together at a .886 from the previous top and a 1.27 ABCD as seen on a 13min or 60min chart. Nice synergy.
If this ABCD is dominant it could be a deeper correction over the next few days. Who knows....

Hello M,

I had the same thoughts.

quote:

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Originally posted by jimkane

Yes, and I find it is a key pattern to watch for in certain situations. This one was quite nice, and useful.

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Jim,

Could you elaborate on your statement? In which situations do you view the three-drives pattern as key?

Cheers

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