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...

My goodness! A Kane EXP ABCD completing at 0.564 fibo, a Kane DB ABCD completing at 0.564 fibo, a Spike Line, a Kane DT ABCD completing at 0.618 fibo, nice ML Upper // touch near "X marks the spot,"at 1.125 and 1.618 fibo, ML Lower // touch, a "mod to Tim's 80% rule" at 0.685 fibo.

It looks like "the tools are working better and better."

It looks like price is making "bee-lines" between turning points.

Al Kamego

the computers have hauled out all their guns to trigger bounce!

if this fails..... look out!

So my bullish ABCD failed, but just to 1.272 and there is no follow through. Looks like this market doesn't want to fall either:

There was also a bullish 3D at LOD and green set quickly did its job:

To get it into right perspective: over the last 3 days we have just corrected .300 of the smallest swing:

This is how I see ES now: flat ABCD that played out to 1.272, immediately followed by 1.272 DT ABCD:

roofer, I know at least one is. The others haven't answered me back as to how they found me... Thanks for all the effort.

Originally posted by roofer

...jim- i hope some of those people are the result of endless hours i have spent encouraging people to buy your books...so that they can join the forum....

That's a great summary, roofer, I think it hits the nail on the head. And when we combine our approaches in one forum (mine via jarek's posts and my comments), one has a very broad view of a large set of skills, and they can pick and choose and hopefully find their own unique combination and approach for them. I think that's the biggest benefit to the forum.

Originally posted by roofer

jim and all-
i have been contacted by a number of traders asking about jim's work.
here is exactly what i tell them.

flat out , i can not do what i do without my knowledge of jim's work.and i can not show you my complete work because i can not show you crucial aspects of his work.but know this. the way i trade is not in jim's books. jim is a trend trader;i use the tools to try to capture the swings at their extremes. EVERYTHING i do has been shown at jim's forum, access to which you get when you buy his books.

jim- i never bs them.... i say i cant' show you the trend continuation patterns... so how can i show you what i mean when i say the best way i know if a setup is going to fail is if a kane pattern sets up against it? how can i show the use of fib if jim has at least six fib i have seen nowhere else thus i can't show you?then i honestly tell them everything i teach is archived with hundreds of examples at the forum..then they decide.

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