There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:



We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train

Kane-wise this is also a moment of truth in AAPL:

for my own trading..... i want to see enough panic in the market that the BIG DOG AND THE PITBULL get down to the lower lines of larger sets....

Chart. Almost a DBS, 1.272 and 1.128 fibo. Price did not get to ML, but dropped instead. Price certainly is dropping.

Good Trading,

Al Kamego

Thanks Jim, thanks roofer, and thanks to all the other Kane traders.

Good Trading,

Al Kamego

Originally posted by jarek

Can we treat today's drop in a ES as a possible .886 at geometry??

Do I have any votes for a double one??

if the big dog barfs we'll need more than a new carpet....the real support for the q's seems to be right around 54

Originally posted by roofer

if you are going to buy, make damn sure the big dog does not break pattern.... if it barfs the next target is way down and its break will break the complacency of the market....

Wow .. BruceM is really and idiot. Sorry to bother you with this stuff but this dude is insane. Had to be very bad for him in my last post outside this forum. Who is the guy?
Ok back to my trading cave.
Great posts as usual. Hope Jim and others will not give Bruce another reason to be an as...e

did i just hear them give gs a few triliion and say bid it up?

t- at every forum i have ever been at there has always been one'''as aristotle said'' they who are to be judges must also be performers.''

does this qualify as a measured move in the big dog?

Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.