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jarek
Rep: 94
Posts: 3,474
So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:

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Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there's the first price action that says this could dump...
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES really wants those ABCD areas in the 70's, but other issues are ready to drop. Very interesting place we are in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Will the .886 ABCD be enough? Somehow I just don't see it, but I'll let price action be the giude here.
JI
jimkane
Rep: 3,058
Posts: 33,089
With GLOBEX data it actually got better than half way between the .886 and 1.000 ABCD. So, it did actually complete the ABCD.
RO
roofer
Rep: 3,689
Posts: 3,574
i do not know... just trying to show how i am using tools to probe market......
JI
jimkane
Rep: 3,058
Posts: 33,089
I understand. And I'm just trying to give readers a feel for how I read the price action, as that's a big part of my approach. We each show what we do, and let people learn as they will.
RO
roofer
Rep: 3,689
Posts: 3,574
amen....AAPL probe

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JI
jimkane
Rep: 3,058
Posts: 33,089
Getting ready for a possible last hour dump in the ES...
RO
roofer
Rep: 3,689
Posts: 3,574


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JI
jimkane
Rep: 3,058
Posts: 33,089
Yay! Thar she blows!
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, 67 was it. See ya all Monday. Great posts, everyone.