Not too much activity last week in here... Has this forum already lived through its best days in the current form??

No buyers anywhere. They are lining this up for a massive slaughter. A slaughter into the FED announcement. Very odd. They must come in here...

Yes 4PT did not work. Nice call Jim. Thousends of hours at the screen make the difference.
But at the time it looked good. I even took long for quick to handles :) Lucky I guess.

And this is how it played out :)

Wow. Check out those 0.886 fibos. I forgot what Jim calls an 0.886 DBS. A Kane DBS?

Good Trading.

Al Kamego

Al, I haven't named that one. You pick a name. Perhaps one without my name in it. Since the DBS is roofer's pattern (and the .886 mine), maybe something creative that takes all that into account, or maybe just something without any of that.

Well, in brief, look at this chart. See how it jumps up off the 4PT, then rolls over. Fine, that's okay. Then it starts up, but rolls again. That's the danger sign. But, it may be forming a deep 'W2' ABCD. It hits that area and just goes right through to the downside. Although anything can happen, even a nominal new low and then up like a rocket, the odds say to me this thing is going to fail. The big warning was the double top this did at today's high with Friday's high. Anything plus or minus two to three ticks from that high, without a quick follow through, is a big warning sign, a real red flag. And it happened dead on a SL on the 15-min all-sessions. This was a disaster waiting to happen...

Originally posted by tomo

Yes 4PT did not work. Nice call Jim. Thousends of hours at the screen make the difference.
But at the time it looked good. I even took long for quick to handles :) Lucky I guess.

And this is how it played out :)

Click image for original size

everything i took the time to post at the slate pile....... it all happened today....the very first chart in the pile was the CF chart with 2/3rds of the trade taken off..... hmmm i wonder what roofer did with the other 3rd?KTK!!!i spent alot of time showing how the computers meant to do harm to AMZN..... but KTK this today AMZN completed abcd off the top...we know that now makes a selloff a crap shoot with the edge gone.

YEARS AGO!!!! back in the day pre computers, i would take heat breaks mid day and go sit in trading rooms and tape read with the old men... it was a common cry out'' beware the dow is marching alone...!!!''i found myself muttering it again today at 2:15.

i traded today basis TWM... HERE WAS THE MESS AT END OF DAY

I RISKED 30 CENTS AND MADE 3 BUCKS.... THIS IS MY KINDA TRADE...

Originally posted by jimkane

Al, I haven't named that one. You pick a name. Perhaps one without my name in it. Since the DBS is roofer's pattern (and the .886 mine), maybe something creative that takes all that into account, or maybe just something without any of that.

Thank you Jim. Well, I am thinking maybe "0.886 DBS," if that is acceptable to yourself and to roofer.

Good Trading,

Al Kamego

now i an interested if it will hold that line AND give a buy signal.