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'm wondering if they'll start to gun this up off that 19.77 low? If it were AAPL, AMZN, PCLN, NFLX, et al I'd say for sure, but here, I'm not sure if it will have any sustain.

AKAM also getting busted up quite a bit, too.

it is something so simple that i had not thought it through before... in stead of a kane abcd setting up as the first thing to negate a trade setup..... the 1.27 dbs was the first thing that set up to negate the trade.

i would note too how the more traditional kane pattern was the first thing that setup against the USO trade.the only thing i hate more than being long is being a dufus and losing money on a long trade... i was glad to have a reason to exit.

I've seen better ABCDs, but I'll watch closely the reaction to this one in the Kane Zone:

Point for the bulls - .382 bearish ABCD at major line hasn't played out to new swing low and was just taken out:

Interesting - it took out swing low right after taking out this .382 ABCD
We are in a rather important place here:

Did my overnight KZ ABCD simply finished slightly lower at .447 to the tick and this major ML??

ACROSS ALL MY TRADERS,,, DOWNSIDE TARGETS HIT.... HAVE COVERED 95% OF MY SHORTS.... if the market is going lower at this juncture, it is going without me

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