Duane,

I tried to find your posts on Jim's rocking chair pattern. No luck. Would you be so kind as to post that link?

Thanks...jan

OK, I get asked this so many times, and the topic keeps getting lost, so I'm posting the link and making this topic sticky so it stays on the first page from now on.

Rocking Chair example

Mostly everything is in this thread:
http://www.mypivots.com/forum/topic.asp?TOPIC_ID=1253&whichpage=40

Flip back a few pages to see where this originally came up.

That's the page above, 'Rocking Chair exampe', that I linked to, M.

Thanks, Jim and M.

Here it goes, and still ongoing as of time of posting.Will try to update this as it goes...or maybe not.

Jim - wasn't the recent development in 10Y notes an example of the KT rocking chair pattern failure setup?

Originally posted by jimkane

... I have a big, very key pattern. I get the expected reaction off that, and it sells (in the case of a short pattern), usually to an expected spot. It then bounces up in the first correction of the new possible trend. So far, so good. It then rolls back over. Everything is on track at this point. But this is 'wave 3' supposedly, or 'wave 3 of wave 1'. This wave should accelerate. It stops somewhere near the previous swing, slightly above, below, or equal to it, and then starts back up. Although it is possible for this to be a 'wave 2 of wave 3', it's unlikely.

Now, here's the key for me. There is usually a very noticeable line right in here, not only over the recent peaks, but from before, usually the line the setup was based on. It usually closes right here. Although it could roll right off this spot, it seems to gap or explode up. This price action is not in keeping with the setup and layout. It frequently looks like a rocking chair, but it needs the key line, and all based on a big setup with respect to the current swing sizes. ...

Many other Kane 4PTs may give the similar impression ...

Note from Jim:

Post moved by Jim to Klassic Kane area (or feel free to start your own topic if you want, ixon). This topic was designed just to show the rocking chair pattern because I kept getting questions about where the original posts were. I'm going to lock this topic, as just the original material serves that purpose.

Also, I voted up the original post by clicking here, since I can't vote it up where I moved it, it is under my name. Once a member has 100 points, he or she can then vote.