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JI
jimkane
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Posts: 33,089
I have to start the topic again? C'mon, let's get some volunteers in here. Okay, Sunday night showtime, let's roll.
TX
tx_ches
Rep: -10
Posts: 514
So does that make the lower case d the C point of your alternate version?

Originally posted by jimkane

Notice the structure of the last big leg down (off your highest lower case d)??? I see that as 5 waves for that leg, in perhaps an ABCD starting at your upper case C. Part of a bigger DT ABCD (a way overextended one...), or maybe just an ABCD off that C point (my viewpoint), even if A is nominally higher. I see that happen all the time. Just something to think about.

JI
jimkane
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Posts: 33,089
Now, that was one of the most incredible things I've seen in my career.

Originally posted by jimkane

Now dropped down to the KZ. Watch what it does... Battling KZ's.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes.

Originally posted by tx_ches

So does that make the lower case d the C point of your alternate version?

Originally posted by jimkane

Notice the structure of the last big leg down (off your highest lower case d)??? I see that as 5 waves for that leg, in perhaps an ABCD starting at your upper case C. Part of a bigger DT ABCD (a way overextended one...), or maybe just an ABCD off that C point (my viewpoint), even if A is nominally higher. I see that happen all the time. Just something to think about.


RA
rat89
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Posts: 7,015
how so?

Originally posted by jimkane

Now, that was one of the most incredible things I've seen in my career.

Originally posted by jimkane

Now dropped down to the KZ. Watch what it does... Battling KZ's.

JI
jimkane
Rep: 3,058
Posts: 33,089
ES fails to roll down at first KZ, coming off much bigger bullish area. Clue. Goes to next KZ, rolls slightly, to much lower degree KZ, setting up bullish ABCD's across the board in everything I was watching (ES was an EXP). Clue. So, big area pushes up, next lower degree pushes down a little, next lower degree area pushes up. All KZ's. Patterns set up to support last KZ. ES explodes about 5.50 points straight up like a rocketship. Cah-ching. 'Too easy'.

Originally posted by rat89

how so?

Originally posted by jimkane

Now, that was one of the most incredible things I've seen in my career.

Originally posted by jimkane

Now dropped down to the KZ. Watch what it does... Battling KZ's.


JI
jimkane
Rep: 3,058
Posts: 33,089
I think they are in frenzy mode now. That makes me think new highs are coming (not today, but soon), that the 'correction' is likely over, and that they really, really want to close this on the high, plus on the day. There are plenty of areas all the way up, and maybe they are just short-covering a little, but I suspect we may be right back to the same old game again. Let's see if it stops going up the second I post this...
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jimkane
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Posts: 33,089
And why did I finish that post with that comment? Because a lot of times when I sense 'frenzy' it is because it had climaxed itself with covering, and that's the end of it. I'm always aware of that, and keep an eye out for it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Geo made the big time. Check out his pic on Joed's blog. Not that I have to post this, everyone here reads Joed's blog minute by minute anyway. He looks about the same as the one pic I have seen of him, but a little older. And, he's at a fishin' hole, so that's the same as the other pic. I even wonder myself why I am willing to spend any time at a computer when I live in a place that looks a lot like that pic...
TX
tx_ches
Rep: -10
Posts: 514
Easy? If you were looking for bullish ABCD's in a downtrend but I didn't think we should be doing that. I need more than 2 months experience I think.



Originally posted by jimkane

ES fails to roll down at first KZ, coming off much bigger bullish area. Clue. Goes to next KZ, rolls slightly, to much lower degree KZ, setting up bullish ABCD's across the board in everything I was watching (ES was an EXP). Clue. So, big area pushes up, next lower degree pushes down a little, next lower degree area pushes up. All KZ's. Patterns set up to support last KZ. ES explodes about 5.50 points straight up like a rocketship. Cah-ching. 'Too easy'.

JI
jimkane
Rep: 3,058
Posts: 33,089
Been there, done that...


Originally posted by jimkane

And why did I finish that post with that comment? Because a lot of times when I sense 'frenzy' it is because it had climaxed itself with covering, and that's the end of it. I'm always aware of that, and keep an eye out for it.
AL
albert
Rep: 99
Posts: 3,094
jarek,

Very impressive work!

Good Trading,

Al Kamego