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

I think the chances of this bearish ABCD at line and .300/.447 overlap getting any reaction is about 0%. Up this goes. 'W3'.

TNA 30 minute chart update.
Price reached the ML of brown set and started up.

You always say that. Hard to take it seriously after a while because I know you'll say it no matter what.

Originally posted by jimkane
Up this goes.

Watch the GZ closely here. I don't see a new LOD, but if they do take it down, the next area is 54-55. 1.272 is at 56.25.

I was going to actually comment and explain my message in that one, and I decided not to. Then I saw your post. That makes me realize you may be starting to 'get' me a little more. It's always a battle between technicals and the idiotic madness of crowds. I find, for me, it's best to go with the technicals. I think no one would agree more than roofer, who only looks at technicals and doesn't even bother to worry what the maniacs are doing, it's all in the charts.

Originally posted by tx_ches

You always say that. Hard to take it seriously after a while because I know you'll say it no matter what.

Originally posted by jimkane
Up this goes.

Now, this is a serious comment. I would be surprised if they didn't defend this low here vigorously.

And defend it they do.

Do we have a higher low?

How's that for vigorous?

Originally posted by jimkane

Now, this is a serious comment. I would be surprised if they didn't defend this low here vigorously.

Serious comment. Up now.

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