Well, just a few hours, and then we see how serious they were with that monster drop after the jobs report and that 45 minutes of trading time they had. This is going to be quite interesting, and I've been anxiously awaiting the open...

Nice one tick below the previous low retest of the area. Now we see. I already 'know' what we'll see, but nonetheless 'now we see'.

Oh, like that was hard to figure out...

And right here, like this move now is hard to figure out. C'mon.

Okay, one hint on that last comment, but that's all I'm going to do. If I give a man a fish, he eats for one day. If I teach him to fish, he eats for a lifetime. The cash market is closing. The ABCD was tested by one tick (recall how many times I've talked about the 1-2 ticks above or below game), and it snaps up. Now look on say a 1-min chart and draw the overhead TL in. Cash is getting ready to close (recall how many times I've pointed out how the cash close brings on responses and games), and barely one minute before the TL is violated to the upside. By how much? 2 ticks.

So, one possible, and likely in my opinion, response is a snap down. And they snap it down 7 ticks hard and fast. Ooh, you guys really fooled me. Sweep the downside, sweep the upside. What a shocker, I didn't see that coming. What's next? More games, of course. Once you learn how and where they play games, sometimes it gets so obvious you can't believe they will still do it, yet they do...

And now the rise begins? Could this bullish ABCD here be a shallow BC leg of a bigger bearish ABCD, as I mentioned elsewhere? The bearish 1.000 ABCD is now at 80.50. The 'earlier' ABCD price projections are in the upper 70's. If this just does a 1.272 ext ret off this bullish ABCD that comes in at 72.68. The 1.618 ext ret is at 75.44. So, any type of move off this area brings it right into the key area.

But, maybe it doesn't move up here because so many are expecting it. Just read the blogs out there, I mean everyone sees this area. So, I expect them to come in early and sell, or play games there and stab it up and over to spring the trap. I just love when something obvious is about to play out. I love to play detective and see how early I can get the correct scenario mapped out. It's just exciting and fun for me. This should be an exciting finish to the week. Like a pool or chess player, I'm already thinking ahead to how they will game this for Sunday night...

And yes, that big drop in the overnight could be part of a bigger, more complex BC leg, and the 1.000 price projection for that variant is at 76.00, right at the key area. Something to ponder, for sure.

Let the rise begin...

Rise, C'mon, baby, rise, let me make your dreams... come... true...

Sung to the tune 'Longfellow Serenade' by Neil Diamond

Okay, 68 here is the first real 'test' of this rise.

That sure is something, how I can pick out the areas like that, huh?

Originally posted by jimkane

I'm glad you are okay.

Jim,

Thanks for your concern. Sorry to cause you any distress. A little note from me would have helped. It is good to be in contact with you the Kane Traders again! I think I missed some good trading. Well, I hope there will be more opportunities.

Good Trading,

Al Kamego