Darn, I was watching the ES, it opened and dropped right to a line I was watching, to the tick, and started up. I got a buy trigger. I decided not to post on this. My motivation wanes from time to time, as I get so little interaction on all my posts. Now the ES is up almost 20 off the low, much more than I expected by now. It's really getting ramped hard. Oh, well, I wish I had posted it as it was happening. I used a really cool line technique to get my line. I had it on there shortly after Friday morning got started.

Yes, I know it's at a key .447 in here...

Ive got an interesting area around 38-39, and another around 47-48. I am using a little bit different type of techniques for those areas than my usual 'levels'.

The current 32-33 area here 'should' produce a bit of a checkback, but I am watching, in case it ends the run. I wouldn't think it would, but just in case, I am watchful here.

And there's the checkback, off the posted area, right on schedule. Watch for a potential ABCD forming in here.

Notice, too, how this potential ABCD is forming in the KZ.

BTW, that's a new (but very nominal) all-time high for gold there.

That checkback was a bit larger than I expected. Note that this has now put in a higher low) best seen on the 1-min) at a multiple line convergence here. Now we see what their intentions are...

Wicked 1-min TL creep. In 'the old days' this broke down, in my experience, almost every time. Until Mar 2009 I think I had a total of two examples when it didn't break down when creeping like this.

I'm watching 18, and below that a really cool area at 13.75, which is the .886 and bottom of the GZ. But I'd have to wonder why it would drop below such a powerful line convergence here if they planned to have it rise...

Well, the creep broke down, but I doubt it will sustain, like it used to do in 'the old days'. Back then, it usually produced quite a flush, in my experience.

Okay, not trying to be overly critical, just making sure I understand what you are saying.

Originally posted by MarcinO

Of course I meant KZ. I'm sorry if I confused anybody.
I'm quite bussy at work nowadays and I can hardly post charts, which resulted in an obvious mistake.

Originally posted by jimkane

Marcin, do you mean KZ?

Originally posted by MarcinO

Gold stucked a bit in the GZ reacting off upper //