ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:



However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.

correct chart

so what is the practical use of this?example... when i hit the trend trade button, i had target firmly in mind.

it's like the two men going through the doorway, each of whom is too polite to go first.....eventually they agree to go together, and don't fit

Originally posted by jarek

Originally posted by roofer

... PLEASE do not waste your votes on me....i post for my own reasons...

We understand that you don't care about votes. But we respect your work too much to let us have our reputation here higher than yours

Originally posted by jarek

Bulls in ES defended the Kane Zone, but have problems with getting over an important upper ML...

They managed to get over it but quickly came back to retest the Kane Zone:



It if fails, I'm switching over to bearish scenarios

My first bearish scenario is changing the orientation of our big 4PT from bullish to bearish:

A day later than expected and with problems, but Crude bulls showed up at a major battlefield on that market:



"At my signal - unleash hell!"

Test and retest in $NDX?

watching very carefully.....nothing is broken yet, but the test on iwm and spy is coming up.....if in fact roofer's thesis is correct, the buy could be soon...

yes, thanks jim

Originally posted by jimkane
Hopefully at least this leaves you with some understanding of my reasons.