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.

Just a profound area...

And now we see... Right now... We see...

I'd like to say so far, so good, but this is exactly the kind of thing they'd do if they plan to run it more. Get the shorts in and kill them. So, as Kenny Rogers said in 'The Gambler': "You never count your money, when you're sitting at the table..."

"You never count your money, when you're sitting at the table..."

Now I'm hoping against hope that this 48.50 or 47.00-.25 isn't all this can do. Throw me a bone. Gimme something real, like the upper 30's or even that .300 at 41.50. I sure would like a new low for the entire move, though... At least to the lower 1400's or that 1380 area. Don't count these last ones as posted levels, I'm just dreaming right now. This 'down move' off the profound area might already be done...

Realistically, what's my best case scenario? Well, actually, that it goes down any more at all. My 'other' best case scenario ? 1426-31 or so. I'd be pretty thrilled with that.

47.25. Clue time. My wish? Bounce and roll. If it drops hard, it may exhaust too quickly for me.

Stopped it dead. No bounce so far. Very interesting. Not that I'm complaining or anything...

C'mon, gimme a bounce, and then crush it into a 'W3'...

La-de-da-de-da, while it waits on probably the European open. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

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.