Let's see if we can do better posting this week than last week...

It's funny, I had that 78 level at the high to the tick, and decided I just don't feel like posting today. It hasn't done a lot with it (yet?), and I also had the area it went down to and stopped dead on, and didn't feel like posting. If it weren't for what I see as an absolutely incredible track record with my in advance reads in here I wouldn't even mention it. But, from a learning standpoint, both areas are worth your workups and studying. Now, with the quick snap up fake to TL, and snap down and 1-tick new low is it free to run up to a new high for the move? Let's see. I think that's what they want.

Just because they want something, though, doesn't mean they'll get it. I just sense they are greedy, and the run up of almost 20 points doesn't satisfy them.

They 'want' around 85.00-.50, I think. If they get that, they probably want 88.25-89.25, to really feel better about themselves. This is just what I think, based on the technicals and their 'attitude'. Amazing how they gave up the Euro correlation, and now only care about running up the stock market and the financials. Idiots.

Here they come... Will they have sustain?

No sustain at all, just a fake pump up and then right back down to the range bottom. It will be interesting to see how they resolve this.

What I find real curious here is how this looks like it is about to dump hard.

My point is, notice the beautiful ABCD here. I have areas overhead it looks like it wants. And it looks 100% like it is about to be crushed into dust right from here, price-action-wise like it is about to literally implode any second. Isn't that all curious?

Originally posted by jimkane

Who doesn't? Oh, wait, just about everyone outside this forum...

Originally posted by albert

I love those Kane ABCDs.


Al Kamego

Too bad for them. IMO,they do not know what they are missing.

Al Kamego

Nope, but they never tire of slamming it, even though they have no idea what it is or what it shows. I guess that's the ultimate sign of ignorance...

Originally posted by albert

Originally posted by jimkane

Who doesn't? Oh, wait, just about everyone outside this forum...

Originally posted by albert

I love those Kane ABCDs.


Al Kamego

Too bad for them. IMO,they do not know what they are missing.

Al Kamego

In my opinion they did what wanted to do. Last move up before close was to keep faith into rising. Globex will sent SPY back below 200 daily moving average. We will also see pretty “island reversal” on daily chart.

They have long term plan and executing it. I think currently they have full wallet of shorts. Probably they see bigger money in bankruptcy European Countries then in printing money.

Of course „We will see”