guess I'll start it this week

jim-can you find fault with the setup i showed in SLV as a classic kane continuation pattern line fib down?

let's face it... my specialty is finding junk trades that i can take with a tight stop to make 5 to 10 times the initial risk and do that over and over.with brokerage almost not a factor now, the dollar amount does not matter//it is the gain vs. risk..i do not care which side.... and often the best trades, the clearest technically are the last push into a sharp reversal at top or bottom....and the tools of this forum get us out at the extreme before the crowd...

I'm better at exits than entries because often I see the entry late...

jim is right of course about trading the trend... but our tools are just as powerful for looking for the end of big trend by simply doing the slog work of looking at hundreds of long term charts and seeing if long tern targets are hit or better yet if a classic kane pattern line fib continuation down straight from the books is in place.

and what of GS?price at pattern line fib completion on the biggest volume bar spike ( can you say distribution to the unwary?)before the news hit.... can you say ''muppets'?

It's a nice pattern, and I saw it when it unfolded, the only issue I have is it is against the big bullish ABCD off the top. I'm curious how that is going to resolve.

Originally posted by roofer

jim-can you find fault with the setup i showed in SLV as a classic kane continuation pattern line fib down?

once the new low was made in december, i thought elliot3-3- 5 with expanded flat in second 3.... in addition, there are large sell signals across the board in gold stocks on daily and weeklies with clear downside targets in all yet to be met... i am thinking that when 5 wave down completes, the targets will be met, the public once again chased from their holdings and then the kane traders will step in and take their shares.....

Now that's a plan!

bank of america: too crooked to fail:

http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314?print=true

So they didn't give us a solution.