The question is: was this already it, 1 day and 9 points away from our perfect 'symmetrical' target or yet it needs to reach the 1.000 ABCD regardless of the time factor:





This 3D at spike line might suggest the former, but if it breaks to the upside it might break the whole ABCD as well and go up, up and away as per Jim's scenario

I'm glad you got that, I didn't know if it would translate well.

Originally posted by jarek

Originally posted by jimkane

...I need to go back to work in the department of redundancy department.

I'm ready for an upmove to start any second now.

Same as yesterday, 'just as he says that...'.

Originally posted by jimkane

I'm ready for an upmove to start any second now.

I understand that you base this on the bullish EXP ABCD at .447 of the last leg up:

Originally posted by jimkane

I'm glad you got that, I didn't know if it would translate well.

We have some of those departments at where I work

Excellent, yes, and the ABCD in the CD leg (a good thing in any non-standard (zigzag) ABCD).

Originally posted by jimkane

Same as yesterday, 'just as he says that...'.

And same as yesterday, it does that initial fake, and then does exactly what Jim was expecting.

And yes, I am long side bias intraday (but ready to give that up quickly if the setup jarek just showed does not continue to play out). Still short-side bias intermediate.

This is just sooooooo weak here, but boy, would I love a bounce to around 54 and then a hard roll to well below the pattern area. That would be a lot better, to me, than a roll from here.

Is this because the 'Kane Zone' at line right there?





In the meantime it is falling of .382 of the last leg down

Too frickin' funny

Originally posted by jarek

Yep - very interesting finish to what looked like yet another day from "Reminiscences of a Grilled Bear"