I tried to find Jim's missing upsloping lines coming through the current area and here's what I've come up with:



I'm not sure if these are the ones, but if not, that would mean there are more than 4 important lines, which would only add significance to this area

I just can't see fighting the frenzy here. Many times I do, but right now, I can't 'see' it.

Yep, should have, but just couldn't 'see' it. Woulda, coulda, shoulda. Let's see now if that's all it checks back, right in here.

Originally posted by jimkane

Three pushes into a 1.128 ABCD... Anyone got the nerve to short this? I probably should have...

There still is some order in this madness:

And that was all it checked back, to the minute on that post.

Originally posted by jimkane

Yep, should have, but just couldn't 'see' it. Woulda, coulda, shoulda. Let's see now if that's all it checks back, right in here.

Originally posted by jimkane

Three pushes into a 1.128 ABCD... Anyone got the nerve to short this? I probably should have...

And .447 to the tick was it as it comes for the move of this bearish ABCD:



It now goes like in a tango - two lines up, one down, two lines up, one down...

I'm 'guessing' we may have a major change of character here, and we may see a strong rise from here. Enough 'tests' of the low there, and a nice 'catalyst', a totally BS news non-event about Greece. It may not happen, but I'm 'ready' for a strong rise for days here, of some good-sized magnitude.

Okay, one scenario is this is a one-day wonder and it sells off from here as they have buyers remorse. I can't really see that. Look at what some of the commodities did today. Look at corn and sugar, for example. Super-big sell-off, then bigger reversal. Sugar did an almost 8% reversal, making up all the loss and then some. Corn was about a 7% reversal, also making up all the loss and then some. This is quite a change in sentiment.

So, I am watching for this to be it as far as the ES. The second scenario is a strong rise. My bigger areas come in around 1325-35. If it starts to rise strongly and looks like that may play out I'll refine the levels and try to remember to post them. I'm hoping it sells off from here, as I am intermediate-term heavily short-side bias. It is hard to tell 'nowadays' how much sustain these insane MRRD government ramps may have. Just some thoughts.

if that's the case, what if this is what we saw today at the .886 low roofer pointed out...

My area of 1325-35 seems to line up with your upsloping blue ML there.

ches- compared to past spikes this was childs play....back in 2001 there was a spike in the last 50 minutes of trading that took the dow from down 441 to up 55 to then closing down 55. the qqq used to have 8 to 10 points of swing greater than a point on average day...

I have no problem if you post in the Kane public area. If we get any responses at all that are even slightly critical I'm going to delete them, no response. I am not going to address posts, as I am not going to get involved in that. So, expect responses from other area public 'regulars' to get deleted. I may also post a note saying this is 'my' area, and it is not for questioning the posts, it is for observing the posts, and replies that are critical will be deleted. Just letting you know ahead of time, roofer, what I'll be doing.

As far as viewing posts, I believe you can't see charts unless you register. You can read the text, but the charts won't show. Registration is pretty easy, though.

Originally posted by roofer

it has been so long.. i have 2 questions. can anyone just hit my pivots and view the public areas.. or do they have to join? and... jim asked us not to post in public areas... i have been talking to different group of traders.... would it be ok if i did presentation in kane public area for them to see? that would be easiest for me... and who knows .. we might get some new blood.