So there is another chance to extend the recent string of Monday up sessions, which Jim is stressing so much lately. Based on the fact that Kane ABCD completed exactly at .382 of the previous swing we know that there is exactly 87% chance of taking out February highs. And looking at counts posted on various sites by prominent elliotticians pointing to imminent start of wave 3 of 3 down, we may expect that there should be enough fuel to propel such a rise.

Nothing decisive happened to the long term picture of the issues posted here last weekend. One interesting development though is 10Y yield. While many (including myself) were expecting a break and acceleration to the upside, we had a strong move down right off Kane ABCD:



Hard to imagine that this was a Wave 2 ABCD, but we can't rule it out...

Nice chart work, jarek. Now, notice how this went right up to the .382 and double line area, with an ABCD with the 1.000 price projection there, and dropped like a rock. But now it sits just above the low there, not wanting to drop. This is typical action right before they gun it up. It doesn't imply they will gun it up, only that when they do, they frequently do it after stopping dead at this area (the 'necessary but not sufficient' concept I wrote about in one of the free articles).

Watch this 3D here very closely.

Notice how this 3D stopped it dead and it started this sideways chop in the area. Very curious. 3D into a flat ABCD.

Notice, if you look at the entire run up not only since the Feb 5th low but also from the recent ABCD, this looks like it need more of a correction here than this little flat. Maybe it can keep going, but it is 'overdue' for a bigger pullback.

Originally posted by jimkane

I'm thinking I could be short-side bias until close...

So, even though the point move wasn't very big, the bias basically held. Another decent read.

And it's set up to run up in GLOBEX now. I do expect a bigger pullback soon, but when, we'll have to see.

Okay, crew, I'm done in here for the day. The Jim and Jarek show... This forum is never going to be anything of any mean substance. But, I guess that's just the way it is.

I'm long-side bias in GLOBEX here, having gotten a very short-term entry signal. Although I think this needs to pull back in more soon, until I see them shying away from the 'Risk on' trade, I'm going to keep shifting back to long-side bias at any support this thing 'sees'.

Anybody following that nice Kane 'rocking chair' pattern in the EURusd futures? this just awesome. Will post chart later in the sticky rocking chair topic if I get the time. The trading is quite busy right now so I don't have much time. It's jumping all over but the bigger picture is clear to me/us who know what to look for.

woohoo what a night ! setups after setups hitting all over. Having a blast..will post charts later of the nice plays im getting if time permits..sorry it's gonna be after the fact..no realtime posting possible right now.

We'll take whatever we can get in here, T, it's so dead.

Ho-hum, another new day, another new high for the move. Russell 2000 and S&P midcaps setting another new high for the entire bull, again. I wonder how many days in a row they may do that?

Okay, folks, the one man show is over for the week. We got a high close for the week, we got the big up day I expected today right off that ABCD I mentioned, we got the jobs report beat I expected, it's all following the manipulation script as expected. I see some exciting times ahead. I think the only thing that can stop this runaway 'bull' market is a crisis. Not the threat of a crisis, but the actual crisis grinding manipulation to a halt. Since the expected reaction to a crisis is to manipulate the market up even further, the only thing that will likely stop this, in my opinion, is a crisis such that they simply aren't able to run money into it at that point.

Keep an eye out for my monthly commentary, which I hope to have posted tonight, but if not then, by this weekend. See everyone Monday. All two or three of you...