Here is my chart of the weekend:

Unfortunately there was no pattern before this bounce off the line in the Kane Zone:



Maybe it'll come back to form a bullish 4PT or Flat?

Why couldn't that swing low be a D point? (I'm asking to learn.)
That'd make the swing high (if you call that box a swing) the C point.
I get 146 nearer to 'C' than 127 (my data points may not be as exact
as yours). And I get the swing low at 190.2. I saw some sense in that as an expansion of the normal range.

Originally posted by jarek

Unfortunately there was no pattern before this bounce off the line in the Kane Zone:

$Tran is on fire today.

what I see so far.....

Originally posted by tx_ches

Why couldn't that swing low be a D point? (I'm asking to learn.)
That'd make the swing high (if you call that box a swing) the C point.
I get 146 nearer to 'C' than 127 (my data points may not be as exact
as yours). And I get the swing low at 190.2.

Because 1.902 is too much for an EXP ABCD and 1.272 at the high is too much for a DT ABCD (in which 1.902 would be slightly stretched, but OK)

I'm still thinking 136.71 886 retest up there, but of course I thought it would just go there in a day, silly me

watching bear abcd at .618 though for some sort of pull back....to where though?

I saw 55.23 as bullish spot.....is this a bounce in a bigger move down?

1.27 at the high the other day.....magenta set is schiff set....median line target hit....interesting little bullish abcd with the .447 at 28.28

there's something else though....not a retest of the high.....a potential bearish kane pattern at spy 139 if my calculations are correct...

My numbers come out the same as yours but B is closer to .618 than .685 so I also looked at Gartley and Crab. They seemed to fit closer (.10 range for BC and XA calcs).

Originally posted by rat89

there's something else though....not a retest of the high.....a potential bearish kane pattern at spy 139 if my calculations are correct...

And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...

http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident