We have the biggest drop in 2 months right after the breakout to the new highs for the year:




(in fact only after preparing this chart I noticed that all the corrections on the way up were so similar in size...)

In my opinion the odds are high that this was a fake breakout and at least the recent leg up should now be corrected. I'll stick to my bearish stance until the bearish ABCDs in the Kane Zone stop to be respected (and that might happen as soon as Monday night ):

The one in Crude was not in KZ, but it was a nice ABCD at key line:

The short term geometry is still respected remarkably well suggesting that an important turn is nearby

Jim,

My internet service seems OK. I could access Amazon, Safeway, & eBay.

Al Kamego

No Internet problems hear Jim. Wish you luck with those issues.

Excellent work with the charts Jarik, keep up the good work.

Thanks Duane. I try to carry the torch You did your stint in the past

Jarek,

Great job charting and commenting.

Good Trading,

Al KAmego

as AAPL turned down, the computers around the world chatted away....they signaled their intent 3 times by hittimg the .886 on gap 3 times in a row...

my posts with charts are not getting through

the game goes on...

this is a well known setup that another trader dubbed rapids and waterfall.... expectation is for another thrust down...

Lightning trade this morning.

Al Kamego