Broader indexes like IWM shown by Roofer and MID below should show us the way in the coming days:
They were usually first to advance in the recent months and we'll see soon if this is the case this time as well
RA
rat89
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Posts: 7,015
yes....ok....
Originally posted by jimkane
I'm saying the low at 326.26, at the D point for the Kane Pattern, was also the D point for a DT ABCD whose A point was the start point of your ML set, at the upper left, at 364.90.
AL
albert
Rep: 99
Posts: 3,094
Kane DB ABCD completing at 0.618 fibo, reaching 1.618 fibo. What a collection of trades signalling sell: a Kane DB ABCD
along with: X marks the spot, Spike Line, Head and Shoulders (HnS), Trader's Dream, and Mod. to Tim's 80% rule. And what a reversal reaction at the Kane DB ABCD 1.618 fibo! Maybe a good reaction to the Consumer Confidence report at 10 EST?
Good Trading,
Al Kamego
along with: X marks the spot, Spike Line, Head and Shoulders (HnS), Trader's Dream, and Mod. to Tim's 80% rule. And what a reversal reaction at the Kane DB ABCD 1.618 fibo! Maybe a good reaction to the Consumer Confidence report at 10 EST?
Good Trading,
Al Kamego
TX
tx_ches
Rep: -10
Posts: 514
On AMZN, I'm watching the 174.25 to 174.63 area. On one of my sets, it corresponds to 38.2/112.8 and a 127 near 48%.
RA
rat89
Rep: 0
Posts: 7,015
beautiful Al.....I think you missed one line
Originally posted by albert
Kane DB ABCD completing at 0.618 fibo, reaching 1.618 fibo. What a collection of trades signalling sell: a Kane DB ABCD
along with: X marks the spot, Spike Line, Head and Shoulders (HnS), Trader's Dream, and Mod. to Tim's 80% rule. And what a reversal reaction at the Kane DB ABCD 1.618 fibo! Maybe a good reaction to the Consumer Confidence report at 10 EST?
Good Trading,
Al Kamego










