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JI
jimkane
Rep: 3,058
Posts: 33,089
I have no life... I'm starting this topic early because I am sitting around, waiting for Sunday night GLOBEX and my world to begin again...
RA
rat89
Rep: 0
Posts: 7,015
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RA
rat89
Rep: 0
Posts: 7,015
still measuring fib from the center of the gap, and there's the abcd to the kz that nobody is watching.....
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AL
albert
Rep: 99
Posts: 3,094
Cool charts, grasshopper. Nice move up on ES this morning. Kane ABCDs completing at 0.685 fibo.

Al Kamego


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RA
rat89
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Posts: 7,015
morning albert....I stand slightly corrected


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JI
jimkane
Rep: 3,058
Posts: 33,089
Time to see if this is, indeed, a bearish ABCD with an ABCD in the BC leg.
JI
jimkane
Rep: 3,058
Posts: 33,089
FB a 25 handle! Like I said...
JI
jimkane
Rep: 3,058
Posts: 33,089
Down about 43% from its high in just over two weeks. Nice.
JI
jimkane
Rep: 3,058
Posts: 33,089
Bearish ABCD getting a reaction...
JI
jimkane
Rep: 3,058
Posts: 33,089
Now that's quite a pop up.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm thinking this wants to get to around 1313-19 or so. A key .447 is at 1329, though, so it could push that far. I have a massive line convergence by the .382 at 19. So, that gives us the general area. I may be able to refine this if it gets closer. It may die out around 1301 or so, we'll see. But I'd think it would need more in here. And this all assumes it can overcome this ABCD here...
JI
jimkane
Rep: 3,058
Posts: 33,089
Loopy Jim. I need more sleep. Lots more sleep. I was just sitting, watching the news on TV, pondering my day with the markets, when it hit me I had been off by one cycle in identifying the ES contracts in my posts. I was saying Mar like it was the ending contract and June like it was the upcoming rollover contract, when I meant June and Sept, respectively.

No one called me on it (if you see something like this please post a comment so I can get it straightened out). I'm sure everyone knew what I meant, and the highs I mentioned, with their numbers, would have made it clear which contract I meant, but anyway, I fixed it in the posts where I saw it. I think I got them all, but if not, feel free to point it out to me.

When I was much (much) younger I was into motocross racing. Like all the major endeavors in my life, I do things 110% or not at all. I had a T-shirt back then that I still remember word for word what it said: We eat, sleep, ride, talk, breathe, dream, live and love motorcycles. I need a new shirt now that says: We eat, sleep, ride, talk, breathe, dream, live and love the markets. The 'ride' part is especially apropos. I thought of this because before I remembered my Faux Pas with the contract dates I was going to post:

Like I mentioned last week, I have no life outside the markets. Here I sit, on a Friday night, my better half sitting there probably wishing I'd come up with something for her and I to do, and all I can think about is how am I going to make it to Sunday at 3 PM?...