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

Bullish flat ABCD here, up against the big area at the HOD. Probably means chop.

not again

So, here's a perfect example of why I posted this. The flat gets stretched down by a point, but they come in for it, in an explosive MRRD pop. It looks unstoppable. It gets near the high, into the .786/.886 zone, and what happens? They sell it right down. So, the ABCD didn't give way, it produced a reaction, but instead of ramping to a new HOD, it comes back in.

Now, will it follow through to the downside into the close now? Heck no, they will snap it back up in all likelihood. But, how far? Just far enough to snap it back down, In other words, chop. This is a very typical pattern when you have two opposing areas coming into the end of the session. Many times, too, they like to resolve it in the after-cash (1:00 PM - 1:15 PM) before the RTH ES futures close. If not, GLOBEX should be fun.

Originally posted by jimkane

Bullish flat ABCD here, up against the big area at the HOD. Probably means chop.

Sorry the above post is time-stamped at least five minutes later than I wrote it. I thought I posted it, and then realized I got distracted and didn't. It pretty much did what I said there, just chopping up and down. Now we can see in the after-cash if they do anything with it. It very well may just keep chopping.

ES catching some traction here.

Everything according to the plan - 2 small bullish ABCD played out perfectly well to 1.272 since I left yesterday:

Medium term there's some resistance here (including the major ML of our old good Schiff set) so let's see how bulls cope with that:

In fact the area here is more serious than I previously thought, because such a bearish TD ABCD with an 1.000 ABCD in its CD leg is still possible:

Nice bounce in Crude after breaking through the lower ML yesterday, but not bigger than is should be in the lower gas prices scenario :

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.