Just over three hours until the futures open. Although there will be a break for part of tomorrow's RTH time, otherwise it's still 'game on'. I'm bored and ready for action. I'm not sure what my life would be like without the market, I guess I'd find something else that I find exciting...

This is the longest stretch in quite a while where the tools have worked so well on a consistent basis. It's almost four weeks I think....price hitting levels within pennies and turning. Amazing stuff, one trade at a time...

Yeah, how anyone ever concluded the market was random I'll never understand...

The more their predictions don't work, the more random it is

Kane 4PCP completing in Kane Zone in preopen.

Al Kamego

Originally posted by albert

Kane 4PCP completing in Kane Zone in preopen.

Al Kamego

Click image for original size

Er.. Make that ABCD completing at 0.618 fibo retrace ( in Kane Zone as measured using ENSIGN "Fibonacci Retracement" tool)

Bingo. The KaneTrading tools work very well. I did not stay in this trade long enough, but I am working on that. I am starting to look more closely at Japanese Candlesticks.

Good Trading, All.

Al Kamego

Watch this overhead TL here at 10.50 very closely.

See?

Originally posted by jimkane

Watch this overhead TL here at 10.50 very closely.

Now watch this price flow area at 8.25. The coil is tightening... It may break to the downside.

See?

Originally posted by jimkane

Now watch this price flow area at 8.25. The coil is tightening... It may break to the downside.

Hmmmm. Hmmmm is my favorite expression today, it seems. Usually it's 'Amazing'. Anyway, the SPY has drifted back down to below the ES closing level. I'm not unhappy at all, just a bit surprised that they can't bounce this even in the aftermarket hours with nothing else trading. Very curious. I hope we see that 60-65 soon, preferably Sunday night, before we get 'the big bounce'. Then down into those 1100's, if I get my way.