Welcome back everybody! Good to see so much activity and some new faces here

There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:



They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

Bears in Gold paid very high price for that failed bearish KZ ABCD:



... and the move in Crude following that test and retest from just before I left, was nothing else but spectacular:



How could anybody expect such chain of events at that time?? And yet the market has clearly signaled its intent...

jarek,

Welcome back.

Al Kamego

Welcome back, jarek. Your posts were sorely missed. I need my chart man, so I can make my comments only to see the chart was posted seconds before I did, and the new people can see a picture for what I am describing.

good to see you back.. i''ll let you carry the ball for a while...

glad to see you back Jarek...

Eric!, you're back, too. Been awhile since you last posted.

Stalking the trade through context and using the tools basis KANE TRADING.

iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....