Can the recent high in February stay with us for quite longer than almost everybody is expecting at this point?



We may not know the answer to this question for some time to come, but in my opinion this is a viable alternative to consider!

AMZN 60 minute.
Find some FIB confluence coming up in AMZN when gets above 172.17 for a possible bearish ABCD. The D point, if it plays out, could occur at several places.
Still looking for the ML confluence but there are horizontal S/R lines from prior pivots.

And right down the ES goes off that area. Do the work, it's 'too easy'.

Originally posted by jimkane

Notice the 15-min SL and 1.272/1.460 from the 5-min, all hitting at the HOD. Now we get a clue for the next phase...

at an example joed posted

Months ago, I saw joed's work at another forum which no longer exists. I asked him some questions and he told me to study roofer's charts. So I started downloading all charts off the forum from roofer and making notes. I asked roofer some questions and he pointed me to Jim Kane. So here I am. Joed has a lot to answer for. :-)

So, did we see a 'hard core' Intermediate top in gold and silver today??? One of the reasons I ask such a question is because I can't find a single person that says we did...

Yes, he does!

Originally posted by tx_ches

at an example joed posted

Months ago, I saw joed's work at another forum which no longer exists. I asked him some questions and he told me to study roofer's charts. So I started downloading all charts off the forum from roofer and making notes. I asked roofer some questions and he pointed me to Jim Kane. So here I am. Joed has a lot to answer for. :-)

How funny, Eric, I post a silver comment, just 22 seconds after you posted your silver chart. Yes, that bearish ABCD in the KZ was just a 'gimme', IMO.

i hope all lingered at the public side long enough to see this... a trader congratulating himself on a GS trade that went against him multiple dollars befor he ''pocketed'' pennies... not one word was raised against the stupidity of the trade by the ''crowd'' there...

I don't know if this will have any significance, but I think we are in prime time for QE3 to be 'announced', and that will crush the dollar (I think), and take out all those key supports, which is exactly what ChairSatan Bern-Qwacke wants/needs. Just a thought.

http://www.zerohedge.com/article/someone-leak-something

you mean white bg vs blue? interesting...

Originally posted by tx_ches

rat89,
I like the color contrast on your last charts -easier on my eyes.