I'm starting this week.

Okay, it's collapsing. The EXP is hit already at 96.75, at key lines. Now we see. Unreal. Just amazing.

Okay, the lines and EXP give way. This could just be a little spike through, but this is the last chance for this pattern and area. Not often in this market something looks so much like a collapse, and it collapses. That seems like a real change of character.

I know this should be in the economic section, not the trading section, but since we are getting pretty far off topic in here now and again I'll post this here. It's for those who think the economic crisis might actually be over, and that solid growth is upon us. Too funny. They have postponed the inevitable, and perhaps a lot longer than I ever thought possible, and maybe it still has ten years to go, who knows (because they are infinitely creative with their games), but I still feel 100% is it inevitable.

http://www.zerohedge.com/news/end-road-teaser

Looking good on that 'W2' poke through 'retest' of the 4 PT. I'm still a bit wary of this playing out fully, but we'll see. With such a deep 'W2' it is primed for strong new highs. But, again 'we'll see' is all I can say.

Originally posted by jimkane

Okay, it's collapsing. The EXP is hit already at 96.75, at key lines. Now we see. Unreal. Just amazing.

And then... Oops. Right off a key line area the Chinese PMI contracts again and they crush it. Oops. You can see why I was nervous on the long side on this one. It just wasn't acting right.

.942 of the big swing and 1.27 of final swing



it looks like a channel.... .768 at the bottom and 1.27 at the top...symmetry

I thought this was interesting price action. I believe that I am learning more about the tools and methodology used here at the Kane Members Only web site and I feel that my eyes open wider each day. I marvel at how the price bounces around, as the factors seem to work in harmony with each other. I like to say that implementing these factors into a style is difficult for me, but I feel that I am improving each day that I practice using these tools and methods.

Good Trading and Thanks to all the Kane Traders.

Al Kamego

Just a little note here. It may not happen, but it is interesting enough to mention. When I see a slow illiquid low volume grind down like this, but no real sellers, especially when it gets to a GZ like here, it frequently pops up hard, making up the grind that took hours in minutes. Just something to watch for.

This doesn't mean that if I'm in an intraday short right now that I'm closing it. It just means I expect a possible huge snap up any second now because it is a game I've seen them play over and over and over again. If this collapses, all the better. I'm just ready, in case.

Now that the GZ is violated, watch the plus or minus 1 or 2 ticks from the LOD game next.

Thank you, Jim. Your answers really help me.