The debt limit issue should be resolved soon.
Be ready.

Looks like the next level may be hit soon... Wow. Can't say I'm not happy. The way this looks now, it may hit the upper level before the open tomorrow.

i believe today was an important bottom based on many factors...looking for new highs.

64... Next area coming into view. Staying 100% long-side bias. I'll see if they check it back off the next area, but I'm only seeing 'up' right now.

Yes, absolutely. Big-time 'up' coming, in my opinion.

Originally posted by roofer

i believe today was an important bottom based on many factors...looking for new highs.

That said, this next area has a super-key line (short-term) that it just hit there (the line is dropping, and the time spent getting there put it a little below the Fib grouping). So, I am going to give this respect here. It may check it back a bit, or it may do nothing at at. But, I am pointing out that it is a powerful area, so I will give it due respect.

the geometry is certainly there.... will price respond?

recent price action in SLV has allowed me to create a teaching set that incorporates 95% of what i have ever shown here.... if i show it.. no one will learn... i invite traders to attempt to show every detail... you should be able to express at least 15 things....

Great learning op! I'll work on it tonight. Anyone else?

Originally posted by roofer

recent price action in SLV has allowed me to create a teaching set that incorporates 95% of what i have ever shown here.... if i show it.. no one will learn... i invite traders to attempt to show every detail... you should be able to express at least 15 things....

DIA open bar low on 5 was the 88 line from Y low. Watching to see if holds. No good MLS but I have a warning line.

Originally posted by tx_ches

Great job, Al. You caught a lot more things. You are good at drawing the SL. I particularly missed 2 even after drawing 1 and 3. You also caught many more .886. I particularly like your 6.

I thought this was a great exercise on how well the tools can work near a turn as joed has said. For myself, it also showed me that I had made some progress with the tools since the last time roofer gave a list of charts to try them on.

For the record, I did try Jim's two recent detailed postings on action, levels, and turns but gave up in frustration. I never know with his stuff if he means 240 min or 3 min.

Thanks, tx. I spend probably too much time looking at the smaller details and not enough scoping out the "bigger picture," like the turquoise line 4. Kane TD ABCD. That is a good one. I looked at your work and picked it up right away. I do not know if I would have seen it by myself. I need to spend more time looking at larger as well as smaller timeframes for larger Kane ABCDs and structure. Many times I have been mentally involved in a smaller scale pattern, and missed an easy, larger Kane ABCD. This work requires a lot of expertise. Please keep up the good work.

Thanks, roofer, for the invitation for us to try our hand at your techniques on the SLV chart. I am sure there are a large number of things that I missed.

Thanks, Jim, for hosting this forum and sharing your thoughts. There is surely a lot of your work that I don't "get," but I am working on it.

Good Trading,

Al Kamego