At least we have a Sunday session to work with... Given the run up into the aftermarket close on Friday and the 'news' that the joint Israeli/US military exercise will be postponed, the market could really gap and run. On the other hand, we are hitting into a super-key area for the intermediate-term, and if the 'top' is in, this is an area it really should roll down off of. I think we are at a crucial time/area. I'm looking forward to this week.

And there's another break to the upside. It's all buyers for now. Less than four points to a new high for the entire move, and my next level. And they look hungry...

Another new high, and a few ticks from the next area...

There it is! 98. Now we see.

Originally posted by jimkane

I posted this three days ago. The 'RTH' high for today was 92.25, and it closed just three ticks off that. But, the noteworthy thing is that the 8.50 point checkback on the way up was dead off my most key line in that area, and that this run up has used a different set perhaps as much as I have seen a set being used. And now it closes the 'RTH' at my area right at the key set line for that set. I'm not saying this convinces me it will roll over here, only that it sure likes to move to the areas that stand out so clearly to me on my charts.

This acts like it plans to keep rising. I'd be shocked if it didn't. But, I may feel totally different when it hits the next levels. For the shorter-term influence, I am watching that 98-99, but the broader area is really 1298-1301, which is only a three point spread on a big move, so that's really the 'center of area'. There is a ton of stuff there. I then have around 1307.75-8.75 or so. Then I have 19.25-22.50. This is the 'super-key' area because of something that comes from the weekly charts, even monthly. If that area, or something in there doesn't turn it, then I think it is possible, even likely, we may take a shot at the all-time highs.

Now, these are all just frameworks, things I am watching based on the technicals. PTA's are only 10%-20% of my 'Trading Plan'. I need to see how things develop, how they act, what their sentiment is (I base this on 'feel', not sentiment indicators, as I am referring to it here), and so on. "Then we'll see."

Posted-01/13/2012 : 16:22:23

Originally posted by jimkane

My next levels are 92.00-.75 and 98-99, give or take. Then it jumps up to a higher timeframe, and those low 1300's levels from way back come into play. Then it really gets moving...

99. Still rising. Let's see if there is any significant reaction at all off the full body of the area, or if it just keeps rising. This thing is a monster.

1300.50 trades, and no letup in the rising tendency. I'd be really shocked if this area even produces a reaction. They really want this thing. But, profoundly important decisions are at hand, and making it look tremendously strong into a key area like this is also a trick they love to play, so I'm 'ready' for them.

It hits 1300.75 right around the European open, and starts to react. Will it sustain? Probably not. We shall see. All I can say is I was ready to be ready. Then it does what it does.

Kane ABCDs. Kane DT ABCD is also Trader's Dream.

Good Trading,

Al Kamego

Kane TD ABCD completing at 0.300 fibo.

Al Kamego

Looks like that KAne ABCD completed at 0.236 fibo instead of 0.300.

AK

It couldn't reach for the level I was watching, that will have to wait for Sunday night GLOBEX, but it did set the new high for the entire move by one tick! These guys, they are so funny. See ya all Sunday.