Just getting ready...

Seems he's moved on to greener pastures. Too bad, he was a key poster in here, really adding value for everyone with his quickly posted, in advance charts. But all good things must come to an end, and it's no different here. I'm sure he is still reading the forum, but I think he's moved on to study new techniques.

Originally posted by tomo

By the way ... Where is Jarek? Anybody knows?

This was posted at 15:00. Low was at 15:03. My trigger was at 15:05. Now up 10.50 so far at the high. So far. I am soooooooo glad no one 'out there' can see me post in advance and be inclined to buy my books and make me rich...

No, I can't let it go. It's just sooooooooooo unjust and unfair, I just can't get over it. I honestly think what I offer people is the highest value to cost possibly of any product offered at any time in human history. Maybe that's all just in my imagination, but I truly do believe it. And I'm preaching to the choir in here, since everyone in here has already bought the books, I have nothing to sell you, no need to convince you of the value. I say this just to let out what I feel.

I guess, in all this ranting I've done lately on this topic, at least I came up with another KT slogan. I have my trademark 'For those who want to do the work'. I have 'Without 'context', you have nothing'. I have many others. Now I have 'Business as usual. Day in and day out.'

Rant over.

Posted-12/22/2011 : 15:00:03

Originally posted by jimkane

But, watch this little bullish ABCD here now for clues. I'm just not seeing downside... It may be coming, but I don't see why they'd sell here. I don't mean geometrically, I mean sentiment-wise.

Next leg coming?

Very interesting. They push it up to a new high for the move, by three ticks, and then smack it back. Now, my center of area is that 54.50-56.00. But, from the higher timeframe my two key lines are, at this time, about 56 and 58. So, this is the key spot right here and now. Higher timeframe, hard core. Will it just hang around here and chop, and then burst up and over, like that last very key level? I don't know.

It may sell down a little to give them better prices for the next leg. Or they may just low volume grind it up for another week with no checkbacks. I can't say it isn't worth a shot in here on the short side. It's forming a very time asymmetric bullish EXP ABCD here on the 5-min. I want to see what it does with that. I want to see if it gives a trigger for the short side.

So far it has rushed to every key area, stopped dead for awhile, and then burst over. It has taken out area after area, still being influenced by that long area I posted the chart for. That was a very key area. I can't imagine this not taking out the Oct high. But if it is going to roll, this is a key place. Now I watch for clues. In the meantime this is in 'management mode' for the long side.

And they come in hard right off the EXP ABCD. Right back to the session high.

What a battle at this area.

Yes, it triggered, at 54.75. Now we see if it yields anything significant. I suspect not, but this is one of those layouts where it seems worth a shot. Again, the issue for me isn't taking a stop out (perhaps a stop out after the stop is moved) if this turns back up, it's the idea of getting off the long side and missing a continued move there.

It looks so strong that everyone or almost everyone want to buy. Trading could be to easy if they send it up from here through resistance which we have. But we will see, they are still in up mode

double .886

Cool SPY chart, rat.

Here is a chart of a Kane DT ABCD and a Kane 4 PCP. Point C of the Kane 4 PCP was only a o.685 fibo retrace.

Good Trading,

Al Kamego

I also wish you all Merry Christmas.