Here is this potential bearish ABCD looming over the market for some time already:





Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.

Thanks for the nice comments, roofer.

As far as the votes, I want people in here to give me an up vote for every post I do that is useful. Just a click on the up arrow to the left of the post. That increases my reputation number. This way, when I go to the public area and try to make a difference for newbies, they see by the vote count that people respond positively to my work, and they tend to at least give me the chance to show them some things. It opens the door for them to listen and make informed decisions. Otherwise they may think 'who is this guy' and skip what I have to say.

I didn't know you didn't want votes. I vote up every one of your posts. I'll stop.

Cool Kane Pattern Line Fib with a 3-D in the CD Leg. ABCD reversed at 0.886.

Good Trading,
Al Kamego

This is rather telling that a bearish Flat/4PT hybrid formed right before weak housing numbers:

And now a potential W2 off it at ideal X marks the spot:

First correction in potential W3 took shape of classic Kane ABCD:

Watch 7.50 for clues.

Small bullish ABCD here. Notice it sat on 7.50, tested it many times, then broke below to catch the stops and snapped back quickly. Very interesting. But was that more likely the fake, the move up?

Where's the downside follow through?

It will have to prove here that this is a W3 down:

That 8.75 should do it, or it's just chop.

roofer, do you have a list of the stocks that you track?