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?

Hmmm, this action looks familiar. Great for the first 1.5-2.0 hours, then insane chop. I hope they break it loose sooner than they did yesterday. I'm not sure I can stand 3 straight hours of chop with those golf clubs calling my name from the car :-)

back to the pivot

And the most obvious ML set upper //.

bounced right at the .382

If you want to see why I think this ramped up, do a set on the 1-min, anchored around 11:22 to 11:48, and 'locked' at 12:41. Add on the .447 from the low. From the higher timeframe add on the set I mentioned above, based on the run up yesterday from 13:42 to 15:12, 'locked' at today's low. Look at the ML on that, based on the other things. Too easy.

That was my ticket to ride.

OK, now do a set using the move down for the launch compared with this current pullback, with a .382, and look at the ML from the last set. And if this doesn't hold?

grind..

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