Okay, let's kick some you know what this week in the market. Let's get some posts going. Enough slacking, you slackers.

One last note before I go back to bed. There are some 'layers' up here just over that key 1250 area. It is possible that a 'fake' over 1250 to get near the last layers may have happened, and then it dumps hard. I would not bet on that. I only mention it because this so strong to me here. It looks monster. It looks like a runaway freight train on a steep downslope, in terms of 'unstoppability'. I mean, it looks like at least another 500 is due tomorrow, minimum. And that tells me something.

Just what are they trying to get me to do right here??? Just a thought to throw into the mix, in case I see some behavior here that looks like a dump starting. If it stays strong, wonderful. But if they are trying to game me, they'll have to get up pretty early in the morning (stay up pretty late at night?) to pull the wool over a Kane Trader's eyes...

here's my spy....based on where it turned, I'm not convinced x marks the spot will necessarily hold it. nothing would surprise me in either direction at the moment

Originally posted by jimkane

Check out this chart at Slope Of Hope, showing a few of the standard lines that gave me my 1250 area that I was talking about way back. Throw in all my own work and you can see why it was a magnet. Imagine if that doesn't turn this down. How technically bizarre that would be to me.

Wow. More upside overnite.

Kane ABCD. Not what I expected, but one must respect the market.

Al Kamego

Kane FLAT ABCD. Kane trading rocks.

Al Kamego

remember that .768 was at the top on the last turn down.....spy and iwm are there

Nice down move from " Mod. to Tim's 80% Rule" setup.

Al Kamego

If this gets going I'm look at a key area around 1233-34. Otherwise, a 'retest' of this ABCD here (watch the GZ) at a super key line convergence is critical.

Look at that coil in crude, intraday. Stock traders can look at a chart of USO.

This is acting like this ABCD will hold and send this up. But, if they do send it down (on a Friday after a monster up week, when does that ever happen...) I also have a nice area at 1240-41 on the way down.

Second .786 GZ bounce. They don't want to let this go. And if they don't let it go...

Incredible charts, roofer.

Yeah, you have it covered. But, alas, it is futile. That's why we were exiled (or I was) to the private forum. I mean, the work we show, much of it in advance, the things we see and post (in advance), over and over, how we explain it all, not just post, how we are willing to answer questions, even take on occasional students, and I am not missed even slightly out there. All those posts, all that contribution, and not one single person e-mailed me and said they wish I would post out there, not one post saying what a waste, to drive Jim out. Nope, no one cares. All they do out there (and I mean in all forums, not specifically here) is slam.

Look at that thread for my books at Elite. It's comical, and I'm so far beyond discouraged it is unreal. My work, roofer's work in here, to me it's just so profound, amongst the best material ever discovered in the markets by anyone in any time period in market history (that's my honest opinion). And all people do is attack it, instead of see it for what it is, and go nuts absorbing it. I give up. F#%& 'em. You can lead a horse to water (or the best champagne in the world)...