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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic.
Let's make it another monster week for quality posts.
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

Slowly but surely Crude continues its decline...But before it drops below this Kane Zone at line, bulls might feel still safe

This last assumption proves correct time and time again

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JA
jarek
Rep: 94
Posts: 3,474
In its move up EUR is throwing in one bullish Kane ABCD after another:

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JA
jarek
Rep: 94
Posts: 3,474
If this is not the correct count, then Gold bulls may find themselves in troubles:

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IX
ixon
Rep: 0
Posts: 25
Good chart Jare, eur/usd.
JA
jarek
Rep: 94
Posts: 3,474
I'm not sure if Jim allows for DB ABCD retracing so much of the preceding leg, but for sure ES tries to turn at .886 to the tick, very close to the major Schiff upper ML:

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RA
rat89
Rep: 0
Posts: 7,015
morning jarek, hope you had fun


today we have .886 at 4102 to the penny....though I have my eye on 8527 iwm, which has not been hit....is this the turn we should be watching here?

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RA
rat89
Rep: 0
Posts: 7,015
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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by rat89

morning jarek, hope you had fun



Sure I did!
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

...Bulls need to get over this Schiff upper ML as soon as possible. Otherwise my recent itching could prove justified


They tried few times, but were not able to. Is Big Dog showing us the direction?

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JA
jarek
Rep: 94
Posts: 3,474
It's smaller cousin doesn't look any better at all and starts running away from a broken upsloping very important line:

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JA
jarek
Rep: 94
Posts: 3,474
Thanks - I must have been sleeping indeed