Here is the update of my longer term ES chart:



I know this potential drop of 10% in a couple of weeks is hard to conceive for some. But I can't find a better explanation for the corrective nature of the March-May rise

Originally posted by jarek

This is a good place for at least a pause. It's already 11.50 points from LOD:

This small DT ABCD should be it if this was just a pause:

I don't like such straight shots off an ABCD to the Game Zone. More often than not they mean a failed ABCD later on:

Jim,

I was not watching the ES market yesterday afternoon because I was at a dentist appointment and because I was running errands. Last night, I turned my computer off because of lightning, tornadoes, hail, and severe thunderstorms rolling through the area here in Texas.

Generally, I use up almost all my points early on in the day. I vote up some of the newer members to help them along, and because most of their posts are terrific. I apologize if I neglected you.

I appreciate your insightful comments on trading, especially the ES, and I try to avoid the sucker traps.

Your comments about the price movement are uncanny and very helpful, but I doubt that I will ever learn to think like like you do.

For me, and I have felt this way most of my life, examples work best. If I understand an example, I think that is the most direct way for me to learn.

Good Trading,

Al Kamego

Originally posted by jarek

I don't like such straight shots off an ABCD to the Game Zone. More often than not they mean a failed ABCD later on...

...and this was exactly the case this time around as well:

bought theopen based on redline green set.... stop be

So first they took out our small bullish ABCD and then the previous HOD:



Looks like they want to get rid of as many players on both sides as possible. Usually a nice and sustained move follows. The question is in which direction?

I was kind of asleep for that one....

am i nuts?

roofer....do I dare think about a retest?

Okay, see everyone later. I'll try to do those updates on copper and the Swissie like I mentioned in those sections, and get to jarek's question on that being a KT rocking chair pattern failure setup, some time this weekend.