I couldn't post last week but at least I can open a new topic

Okay, watch this multiple 'test' of this 1400.00 level. If it starts to move up significantly off this, I think that has some meaning. Part of me thinks this could actually be done in here (I see that as a 1% chance, the rest is just wishful thinking), and part thinks it may need a bigger pullback/rest (via longer time churning and chopping up here), and then up. But mostly I just see 'up'. 'Up' until well into May and the Facebook IPO, and then down into summer and 'up' hard into the election if they want O'Bummer in, and 'up' until a few months before the election and then a big, relentless crush into the election if they don't.

A pop up from here should get this moving, as it takes out the level of all those previous swing-highs. Then we'll see.

Okay, let's see if we get the European open pop...

And 'There it is!'

And it turns out to be another spectacular snap trap head fake, this time for a down move. You don't see that too often nowadays. You know Jim is smiling very big now because any downside always makes him smile (and smile big). But, I really didn't think they had any selling in them, the way they've been gunning this lately. So, now I watch and see if this is just a bigger snap fake down below the entire area to the left, and then up it goes. In other words, I spend a lot of time watching them set up traps and spring them, instead of doing what I should be doing right now, and that is sleeping... This looks like it might lead to some real downside, though.

Preopen chart.

Al Kamego

Originally posted by jimkane

And it turns out to be another spectacular snap trap head fake, this time for a down move. You don't see that too often nowadays. You know Jim is smiling very big now because any downside always makes him smile (and smile big). But, I really didn't think they had any selling in them, the way they've been gunning this lately. So, now I watch and see if this is just a bigger snap fake down below the entire area to the left, and then up it goes. In other words, I spend a lot of time watching them set up traps and spring them, instead of doing what I should be doing right now, and that is sleeping... This looks like it might lead to some real downside, though.

Kane DB ABCD. Down so far. KaneTrading rocks.

Al Kamego

Support at 0.886, 1.128 fibo, SL combo after a "gap on 5." Thanks Jim, roofer, and all the Kane Traders!

Al Kamego

Nice charts, crew.

I just followed him





remember when the teacher would say "if albert jumped off the empire state building, would you do that too?"