Originally posted by jimkane

...the A point of that bigger bearish ABCD is a big, key area on the higher timeframes. So, it really comes down to if one thinks a bigger correction is at hand, or that was it and new highs are coming.

So we may expect stronger move either way in the coming week:

In the last 2 days ES had at least 7 unsuccessful attempts at the January 18th high marked with red lines. It also managed to "peek" 7 times above this level as shown by green lines. It usually spent there couple of seconds with a maximum "hold time" of 4 minutes on the 5th attempt:




It is now almost 15 minutes above this level and this should be really telling IMO

... and yet they were not able to close it above this level. We'll see tomorrow

What spectacular work shown in here today. I found the secret to this forum. I stay away and the forum becomes great!!!

I have a few times. T has sort of specialized in sequential ABCD's, and I know he's found some proprietary things. I think there is a lot going on with this kind of price action, but I haven't had the time to study it. Maybe someone could message him, and see if he has time to pop in and comment on this.

Originally posted by jarek

4th in a row bullish ABCD in ES played out:

Click image for original size

Have you ever seen anything like this, Jim?

I think this chart is more important than most people realize...

Originally posted by jarek

If the decline in Crude is not contained at recent low with the help of 1.272 DT ABCD than much more bearish scenario would be in cards heralded by this return move to the broken trendline:

Click image for original size

BTW, T's handle is TonyC, although some of us know him as 'cool2BTony'. Now, I have always wondered if that was the simple play on words about being 'cool to be Tony', or if it really means, in regards to Trader Vic's 2B setup, 'cool 2B using trader guy named Tony'. In case he shows up, maybe he'll break down and tell us. I will say, Tony knows his stuff, and anything he shares in here is highly valued by me, just as are all the great contributions we are seeing so much more of lately. Hopefully, he'll sense the vibes I'm sending out now thinking all this and materialize (or, someone will will message him...).

SOME GREAT INTRADAY SETUPS.....

Originally posted by jimkane

... I found the secret to this forum. I stay away and the forum becomes great!!!

I hope you won't take it too seriously Jim!

I think we may finally be holding our bull by the horns:

"A Tale of Two Lines" saga in Bonds continues but its end is already in sight:

clf has long been one of my favorite traders that i have kept to myself..... here is a peak