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

64-64.50 is the next key level.

So, notice how I thought the odds favored a break 'up'. Nope, didn't happen. That's why I call them 'odds'. I'm just trying to get an edge on my read. It will never be certain. Yesterday I thought there might have been a big change in character, and we may be headed up to 1325-35. Nope. Although my second most likely scenario was it was over right there (and it was), my highest odds scenario didn't play out. So goes it. They are just 'reads', scenarios.

I'm looking at what I think is the most likely and second most likely scenario (sometimes I have a third most likely), and I see what it does. That's all I can do. Many, many times the reads don't play out. This is a big clue when reading blogs. If the person seems 'right' almost all the time, trust me, they aren't. Something is wrong. And understand, if an area is wide and the bounce small, it is 'easy' to be 'right' almost all the time and impress the heck out of newbies, but not be showing anything that could actually make money. Think long and hard, technically, about this last comment.

Stopped it dead. Now it has formed a little 'W4' bearish ABCD. Clue time.

Originally posted by jimkane

64-64.50 is the next key level.

So it 'fulfills' the little bearish ABCD, right down to 64, and starts to move up. 5 waves down, right to the area. Finishes with an ABCD and a push to hit the low end of the area. Is this a big surprise? Now, same routine, where's the .382/.447 and line area on this bounce? How does it act? Lather, rinse, repeat.

Originally posted by jimkane

Stopped it dead. Now it has formed a little 'W4' bearish ABCD. Clue time.

Originally posted by jimkane

64-64.50 is the next key level.

Goes to the .382 and line, and rolls a bit. Back to the key line, and it snaps up. Now up and over. But, it does it with an ABCD. Will it react to that, or is it a 'W3'? No one will ever convince me it doesn't 'see' this stuff. Understand, none of this will ever be enough to tell me what to do, what side to trade. I use all the info from the methodology for additional clues to help me make decisions, be them decisions about a premise, or on management. Make sense? Look at how many clues this thing provides, over and over.

Next very-short-term levels I am watching are 68 and 69.25.

Assuming the bearish ABCD here doesn't drive this lower.

You notice, though, how ultimately this is just chopping around trying not to make a decision on the bearish TD jarek showed.

And it did like that ABCD.

Originally posted by jimkane

Assuming the bearish ABCD here doesn't drive this lower.

And off the ABCD it goes to... my 64 again, and up like a rocket. They sure are defending that LOD.

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.