I sure wish someone else would step up and start these weekly topics...

Lay down, you piggie. Give up. Roll over. You got nothing. Oink. Oink.

Yes, I'm trying to goad it to take one more shot to the upside off this key area. But I think it wants to close indecisive. What a shock. Recall my theory about closing at key areas.

48.00 here is soooooo critical.

This area has one of the largest confluence of lines (short and very-short-term) that I have ever seen. If they forsake it, that tells me something.

And they look ready to.

Close cash on it, and then do something strong, either way, right after cash?

Nope, strong off it into cash close. Then some big earnings and after-market run to 55-56?

There are some areas to go long if they do

Originally posted by jimkane

I'd like to say gold better hold this daily/240-min TL here, which it saw and bounced right off of, but I can't imagine they won't play games with it, it is so obvious. I can't imagine they don't try to get under it to catch those stops.

I'm just conjecturing here. It's all 1-min chop. I have no conviction off this 48 area, I only know the line confluence is in the handful I've ever seen. And it should have produced a huge reaction on the 1-min if they were really serious. Sometimes, though, they see what happens, and when they sense the area will be lost they just keep holding it until all the bears quit, and then they just goose it a little and up it goes. We'll see. I'm just saying, something 'big' may be happening in here, being decided at this little spot.

3D, Kane ABCDs completing in the Kane Zone, and a Kane DB ABCD completing at 0.500 fibo this morning.

Al Kamego

Post like this has incredible value for my learning process. Thank you Jim.

I've got many questions how to act in few areas which are shown on the chart and I found are critical in early stage of trade, but I know you can't answer it on the forum. I have ideas and experiment with it and I'm very interested in opinion about it.

Originally posted by jimkane

Okay, here's a chart showing some of my posts, marked at the times, as best as I could do it, when I posted them. Also check out the post I made at 15:53:40. I couldn't find the room to squeeze that one on the chart. Everything I mentioned was based on the methodology. Look at some of the other posts, like the one about the lines coming in. Look at that EXP ABCD. Study the higher timeframes and see why I thought this may go up (other than it was Friday close and time to prep for Sunday night GLOBEX/Monday).

No matter how many cool areas lie below, or how much I want this to sell, 'they' want it up, and the defense of the GZ was a clear signal. Note my post before I started this sequence, about rigorously defending the LOD via the GZ. It wasn't my first mention of that. Clues. Technical factors. The methodology. What roofer likes to call 'the tools'. Now, do some work. Study what led up to what I have shown here.

Click image for original size

Chart created on QCharts, courtesy eSignal.