I continue to believe that the move down off our big bearish Kane ABCD isn't finished yet because it hasn't reached 1.272 external retracement of that ABCD. Therefore I still look for a potential W4 correction of that move in the form of a sharp zigzag. My downsloping warning line was breached on Friday but there is a downsloping set suggesting that Friday's high could have marked the end of such zigzag. There was a clear retest of the line before the end of the session so it looks quite interesting:

Notice the 3D on the 1-min?

Now a '4-drives'. This looks ominous. The PPT/MRRD's need to show up now or this may get toasted.

great JIM..i have light bulbs going off right now...thankyou..i know it takes alot of energy.

Originally posted by EricD

great JIM..i have light bulbs going off right now...thankyou..i know it takes alot of energy.

As long as it helps.

PPT/MRRD's any second now... drum roll...

Originally posted by jimkane

PPT/MRRD's any second now... drum roll...

Translation: everyone can see if they don't come in soon this thing may get killed into the close. So, I am ready for them to do their thing. Sometimes they don't, and I suspect that is because they plan a big weekend thing which will crush short holders as more and more get sucked in. So, those are the scenarios I am watching for.

Otherwise, as I said, I'm just staying short side bias, hopefully until the close.

Hey, how come if people appreciate all my work in here, and think it is worthwhile, I get almost no up votes? At most I get one on some posts. Meanwhile out in the public area of the forum those guys are getting voted up like crazy, and have a much higher vote count than me. If you guys like what I do vote me up every time. I'm tired of having mostly zeros. If I don't see votes, I'm going to quit posting. I vote you guys up for good posts. You really want me with a lot lower vote count than the guys in the public area???

yes Jim..i have some layers at 64-62 that i am watching for mangement..also obvious break of support basis 60 min chart. What I love is also how many forums are bullish and a move down to 1000 or 940 is possible from my perspective but is not mentioned. I will try to post some charts over the weekend.

i love when it goes down nice an easy and I can trail it down with price flow..

traders here know i trade a stack of charts in groups of ten to look beyond the indexes to see if the parts support a bias in the market.. especially before a big report i ask the cold hard question strictly based on the geometry...'' is the geometry of sell or buy in place on the previous days close.. so that no matter how ''good or bad'' the news, the computers already know how they will react?''then i ask after the initial reaction on the open'' does any additional geometry, usually an 886 on gap at line, support a continued push all day in one direction...?''here is a glimpse of my charts... note KLAC is an old favorite of jim's... the dbs was just waiting to blast.