The best area I have now is from let's say 1370-80, coming together this week. For a pattern the size of this, that is as narrow as I can get it. It then becomes about triggers and price action. But, recall my quote about trading bearish 'W2's' unless the start of 'W1' is clearly a PTA or end of the bull market ([url="http://www.mypivots.com/board/topic/4568/5/cant-miss-quotes#96489"/]click here for quote[/url]).

Although I'd love that March high to have been the end of the bull market, or even the start of a bigger correction, that is not a given at this point, and pretty much consensus is new bull market highs are coming, and coming soon. Normally I'd say from a contrarian standpoint that implies it will be headed right down, but those bulls sure seem to have it nailed dead on right now, so probably they'll be right about new bull market highs. After all, they are spot on for this move, right?

C'mon, give way you oinker.

I'm figuring the odds of it going up off this ABCD are like 99.9999%. That's not an actual stat or anything, just me having fun.

There it is!!!

Originally posted by jimkane

I'm figuring the odds of it going up off this ABCD are like 99.9999%. That's not an actual stat or anything, just me having fun.

It sure 'sees' that overhead TL area.

Just give it some time...

Originally posted by jimkane

The more I look at this, the more it looks to me like this should have one more thrust up before it is done. I'm kinda hoping that it is done already, and I could see that fooling a lot of people, but it really has some spots overhead that it would 'normally' like to deal with before a key reversal like this one could be (the start of 'W3' and some serious, serious downside), in my experience. We shall see.

P.S. I'm not going to win any Pulitzer prizes for the wording of that post, eh?

P.P.S. And yes, I could be totally wrong-footed even looking for anything but new 'bull' market highs.

You get the point across!


Al Kamego

Kane FLAT ABCD / Trader's Dream combo completing at 0.300 fibo. Point C of ABCD within a tick of Kane FLAT ABCD criteria. Fantastic price action on this Timeframe.

Al Kamego

As it is written, so shall it be...

Originally posted by jimkane

The more I look at this, the more it looks to me like this should have one more thrust up before it is done...

Originally posted by jimkane

I'm figuring the odds of it going up off this ABCD are like 99.9999%. That's not an actual stat or anything, just me having fun.

Lots and lots of ABCDs today. Let's see if this one can send it up further, or if it's out of gas.

I think it's out of gas, for now.

Darn, Sunday at 3 PM is a long ways away...