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JA
jarek
Rep: 94
Posts: 3,474
I wonder what are the chances that our "locomotive" will stop all of a sudden just here:

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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:


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I simply don't see any meaningful targets in between...
JA
jarek
Rep: 94
Posts: 3,474
Positive response in the Kane Zone here should "approve" the count:


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JA
jarek
Rep: 94
Posts: 3,474
Here is something from quite a different front - Warsaw futures:


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Although it looks more like a cat
it somehow reminds one of those Jerry's dragons, Roofer was posting here many times. I wonder if the aftermath would be similar
JI
jimkane
Rep: 3,058
Posts: 33,089
Amazing charts and work, roofer.
RO
roofer
Rep: 3,689
Posts: 3,574
bearrrrr!!!!! one more time .....stop be
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RO
roofer
Rep: 3,689
Posts: 3,574
did everyone see the freaking absoulte perfect set up in apple with a 25 cent stop BEFORE it tanked?
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

...I wonder if the aftermath would be similar


... and that would require pretty strong finish today on the other side of the Big Pond
RO
roofer
Rep: 3,689
Posts: 3,574
hit the GEOMETRY.... hit the geometry..

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RO
roofer
Rep: 3,689
Posts: 3,574
when the spy set up long i hit some long trades at.886 on gaps... here i risked 18 cents to make 250... at blue arrow
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RO
roofer
Rep: 3,689
Posts: 3,574
i am exhausted. i am done. i knew some new traders were coming and i wanted them to see how a trader can pound out the trades based on knowing the geometry so well that it is second nature. every trade shown this week is based on tools shown before.....nothing works all the time ... all we can control is that we hit the geometry with a target that gives us risk in our favor every time.
RO
roofer
Rep: 3,689
Posts: 3,574
careful!!!!!
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JI
jimkane
Rep: 3,058
Posts: 33,089
So, I heard that move up today in cotton took out the 150-year civil war high, and set an all-time high. Wow.