Inaugural post for my new, closed 'discussion' thread. I will post my levels, my thoughts on various aspects of the KT methodology, and my usual snide comments about market action. This topic is for those that want insight into my viewpoint on the KT methodology.

I would really like if this could hit say 52.50-53.50, but I'm pretty happy here. The big question is, will it 'sail' in pre-election madness, as it seems wont to do now, or will it check back/reverse here? I can see a nice checkback in here, but a reversal, I think that's too much to ask.

It could be done...

This is a hard read in here, very short-term. When it moves so much, but is' not a clear reversal spot quite yet (it may need another push, or time to ripen), it can be hard to read the minute price action. Anyway, was that a fake below the ABCD trap and now up for the next leg, or just a typical bounce from such a spot and roll? We are right at that decision point right now. Clue coming.

And the clue says 'up'. It sure wants another leg. I think it 'feels' that slightly higher level. But, as I said, this has now hit frenzy mode, so it may just head for the new bull market highs and more, all nice and sweet for the election. But, we shall see. If it sounds like I am not making a commitment yet, it's because I'm not. I can see some short-term plays, but the intermediate-term is unclear to me right now given the area(s) and the monster move we just had. It needs a checkback real, real bad, but acts like it doesn't want to do it. Not every second implies being in the market.

It wants this soooooooooooooooooooo bad.

Originally posted by jimkane

I would really like if this could hit say 52.50-53.50, but I'm pretty happy here. The big question is, will it 'sail' in pre-election madness, as it seems wont to do now, or will it check back/reverse here? I can see a nice checkback in here, but a reversal, I think that's too much to ask.

Yeah, simply amazing. DT ABCD, little fake down to make it look weak and suck in the really dumb-a#% suckers, and then right up off the pattern like a rocket ship. Amazing.

And they did set the nominal new high. These guys are something. And now, as they say 'We shall see'.

And the regular trading section has totally died. I was afraid of that. But, some days it is dead, so I can't draw too many conclusions. It would be a pity if everyone stopped posting in there. But, I can't help that, if that's how people feel, it's out of my hands. I do have to say, though, it feels very odd to post in a closed room. One gets the sense of being completely alone, like broadcasting on a radio in a post-apocalypse world, wondering if anyone is hearing the broadcast...

It wants up real bad...

Another new high, right on my Fibs and most key line. Do or die. It is almost unimaginable that this will explode up and shoot for the new 'bulls#%&' market highs without a correction, but it may. Pre-election manipulation. This area here, though, is simply profound. But, alas, I have found so many bearish 'W2' areas in this post Mar '09 era, and they pretty much all fail as yet another new high is set, that I'm not taking this too seriously. I'll watch, and if it does something I'll be ready. But I'm not seeing it quite yet...

31.25 draws a big reaction. It seems to 'check' each level and get very weak off it (the first level was the 1.128 ABCD). It heads hard to the LOD into the cash close. Amazing. Can't say I ain't thrilled. Ooooh, as I type, it hits the LOD to the tick. Anyway, all I ask for Christmas is for this area to give way hard.