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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.
JA
jarek
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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.
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.
JA
jarek
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1.272 of the recent bearish ABCD in ES lies exactly at that all important line:
But if it doesn't overcome current .886 retracement - this would be even more bullish short term
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But if it doesn't overcome current .886 retracement - this would be even more bullish short term
JA
jarek
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WoW - double .886. That would really be something:
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JA
jarek
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Failure of this small bearish 4PT at TL should lead also to a failure of this bigger bearish ABCD that ended at .886:
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JA
jarek
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If they take out this geometry in the Game Zone - the bigger ABCD is theirs:
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RA
rat89
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me too.....I have a LOT to learn from all of you.....never let ignorance keep you from posting....I haven't
Originally posted by jarek
I started to post here when my knowledge was probably 1/20th of the current level. Check yourself my charts from the beginning of 2009... But it somehow happenes that the more I post, the better trader I become
JA
jarek
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Originally posted by jarek
If they take out this geometry in the Game Zone - the bigger ABCD is theirs...
They formed a launch pad for this - small DT ABCD that back-tested that downsloping TL:
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JA
jarek
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This DT played out as expected, but the bigger ABCD still holds. It should be the matter of time though IMO:
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RO
roofer
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some classic short term action...../it is stranger than strange how the charts sometimes fortell the real world... look at BPH before well blew...../ i think the chart of BBY says it all... to me shorting BBY again and again, even in the face of the market ramp has been a no brainer.... i see bankruptcy within 2 years....strictly based on the charts...lastly, unless ndx can escape, i will find it hard to position trade long
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JA
jarek
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Originally posted by jarek
... the bigger ABCD still holds. It should be the matter of time though IMO...
... and it was indeed!
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That concludes my live report from forming this potentially important bottom. Thank you watching "Deciphering the market using Kane methodology". More to come after some commercials