That was a wild Asian session. Lots of swing points.

back to HC

woohooo, 12 posts in a row without being interrupted. This is better than marriage, heh heh...

This time I was not chicken. This ABCD down with 78.6 CD into 200 moving average on 11:05, I had to go long :)

yep, a setup as good as it gets, ABCD with ABCD around ML in the BC leg. For me it was an .886 ABCD, but the outcome is the same

So, anyone doubt my 'call' now for 870 and then maybe higher? I think the odds are over 90% we will be up until May/June, and see one of the areas over 1,000. We'll see. One thing I can say, I think this may be the best KT day I've ever seen. Beautiful smooth action, clear patterns and ABCD's, every turn at a key obvious area, this is as good as I have ever seen. If there has been better, I am just too loopy right now to recall it.

But, it still has to handle those 870 and 883 areas first... I just see the momentum building, the money coming off the sidelines, the frenzy starting, and that could drive it up quite a bit more.

We should see 870 very shortly. The volume on this last ramp was extraordinary, they are running this with huge conviction. Normally I'd have to say this would be climactic, but I can hear old Carl Futia, one of the biggest bulls I have ever seen, saying it is a 'demand shock' and much, much higher prices are due, and raising his already high price target up a bunch more (I haven't read him lately, so I don't know what he is actually saying right now). My point is, though, we have a big 'volume divergence' here, where this last higher high is on lower volume. I can't say for sure that means squat, but it is noteworthy as we head into the first super-key area, as has been discussed and pointed out multiple times by M. But I have to say, all I see is much higher prices. I'll still trade what I see, but the die seems cast.

And yes, from a daily/weekly perspective and this monster set line, we are close enough right now that I would be ready for a trigger.

Okay, M handled the morning alone, I'll handle the afternoon alone. Yep, like you said, just like being married :-)

3-drives into the area. It's all coming together. Yet it looks like much higher prices coming. That will make everyone very scared to short this as the frenzy climaxes.

GOOG 1-min ABCD here with ABCD in BC leg, at .300. But it does look like they sold it out for now.