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...

And in the meantime Gold bulls invalidated their own bearish KZ ABCD:





Turns out that major commodities don't have to march together in one direction

In ES it was a Kane classic, but ... in the other direction:

Just to 1.272 to form another possible bigger .447 bullish ABCD. Was my previous one premature?

Looks like this last one is a candidate for Play O'da Day:

I'm starting to think if I'm not posting too many intraday charts. If this is becoming annoying for somebody - just let me know

j, I like your charts and comments. I try to follow what you are doing. You see a lot more in charts that I do. Thanks for sharing!

Al Kamego

Jarek your charts are awesome....I can't always follow intraday so when I look at them at night it is like following a story of the day using the "Kane Methodology". Thank you for all that you do and also everyone else that contributes on a Daily basis.

OK Al - I'll try to keep up if others have nothing against. Actually I'm not sure how to interpret those votes up on my previous post... Are they for posting or against?

2 votes for, so I'll continue - at least for now

Originally posted by jarek

... candidate for Play O'da Day:

It has to respect the KZ now if the count is correct:

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