Hi all.

One thing for sure .. 88.6 gaps do not always work :) I know .. I tried :) It looks so easy when roofer shows it. But in real time it is hard to pick the 'correct' swings for 88.6 retracement. And as ususal .. they sometimes do not care

Why don't you post a chart, Tomo?
It's not that hard we have all figured out how to do it.
I am not around this week, but am I reading this right? 6.1% contraction and we are up 150?

I will M .. just to lazy when I want to write something fast. And yes .. suddenly very negative GDP is good :) this can be very good day for int term top with FOMC

well, most of us aren't too lazy :)

For sure, the 0.886 gap plays are not 100% certain :( I watch the overnight session & a Kane 4 PCP BUY completed just before the opening. My trading plan says "Never trade against a Kane ABCD." You are doing good, though.


Al Kamego

Yes that is true Al. I saw this ABCD but I do not like those with spikes after economic news. But still this one was good. I have also another chart with Jim's tools covering 24h session. And for those who wanted trade at night all should see EXP ABCD just at the close yesterday on RTH session.
M .. I will post charts. I just wanted to say that if I want timestamp of my thought I cannot paste chart. But now I think that I can edit post and add chart later :)
And as soon as I started to write Jim left :) Should I stop ? :)

You are right. No, I do not think you should stop.

Al Kamego

I'm still here, guys, I just need a break from so much writing. All I have energy for right now is my own trading work.

There's the new high for the entire bull. 883 area before the meeting?

Yes .. I hope so .. now a time to go down below 814 SPX to the middle of May

How come you think this is going down to the middle of May, tomo?

Here are mine Elliot count? and Jim numbers for tomorrow 60 min.
We will see how market react with Chrysler belly up?
Nice 1.128 from previous top.







Mats