I wonder what are the chances that our "locomotive" will stop all of a sudden just here:



If it reaches this upper ML it will not only retrace the whole 2008 debacle, but also should get to this downsloping parallel on the monthly chart, which marked the 2007 top:




I simply don't see any meaningful targets in between...

i have said this before.... but here it is again... the number one way i know a setup is going to fail is if the VERY FIRST THING that happens is kane abcd sets up against trade...

And, as fully expected and mentioned in here, there's the new high for the entire 'bulls#%&' market, in the Sunday night GLOBEX session. It didn't gap up for it, but it counts all the same. Again:

Here's my usual look:

Here's my surprised look after this new high:

If this was the whole correction of the move off the bigger ABCD then beware bears!

After all it's not that complicated to control this Kane Zone:

bears last stand...especially if confluent with 13165 spy

How many of those last stands were there already ...

If it breaks to the upside here, than the move off our big ABCD would most probably be something more than W5 finishing right at the target zone:

Looks like they wanted to retest .447 at rising TL. OK - let it be:

Originally posted by jarek

After all it's not that complicated to control this Kane Zone:

I may just repeat that comment:

So, I heard that move up today in cotton took out the 150-year civil war high, and set an all-time high. Wow.