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
ER
EricD
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Posts: 692
14.5 week cycle..i showed this chart a couple months ago..it is my larger road map...
JI
jimkane
Rep: 3,058
Posts: 33,089
Overshot a little, probably because of the extreme volatility, but those KZ's are powerful. Stopped it dead, then a nice little checkback.
JI
jimkane
Rep: 3,058
Posts: 33,089
Strap in, and make sure seat backs and tray tables are in their upright and locked positions...
JI
jimkane
Rep: 3,058
Posts: 33,089
Phew, sorry I didn't post more. I'm drained. Now this is the kind of market I just love, I just live for. This is as good as it gets, for me, as far as action. Thanks for all the great posts, I can't get over how incredible this forum has become lately. It's what I always dreamed about when I used to get so mad and scream and yell awhile back when no one participated. Nobody pinch me, I don't want to wake up...
JI
jimkane
Rep: 3,058
Posts: 33,089
Six point drop here off that recent high. Off what? ABCD in the KZ, with multiple line covergence. I have at least four lines. Some are 'proprietary' techniques I haven't shown, so don't expect to find all of them, but you can find more than enough. Amazing, huh? And as I watch, in management mode, swooooooosh, now 8.50 down off that.



