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.

This sure looks like it is about to go up. We'll see.

I would be extremely sad if that's all the downside we saw...

And that was all the downside it had. And it did go up from there. And I'm still sad about it... But, the price action was pretty clear. And the mania.

This is just a gut feel, but I don't see any way (any way) this won't see new 'bulls#%&' market highs, and be strong into the election, the way it is acting now. I'd be thrilled to be made to look like an a#% with this read, but I don't usually get to be thrilled...

When a profound area gets blown out, that has clear implications...

About ten points from a new 'bulls#%&' market high, with the big flat (slightly tilted down, perhaps a slight flat/zigzag hybrid) ABCD working out when it seemed so obvious that it simply couldn't work out...

That little panic selloff is now all made back up, and it looks strong...

And there's the next burst.

Could this be headed for 64-66 and that's it? I just don't see how they wouldn't have this at new highs since we are just a few weeks from the election. Have you heard the news? Housing starts blowing out to the upside, the recovery is finally here (beyond 'too funny'), consumer sentiment exploding to the upside, and look at the bank charts. They are smokin'. Spain's rating is reaffirmed by Moody's. Enough said. And I'm to think the ES is going to go down in here? Now that's funny.

My feel on this is that this tremendously wants to explode into the close. It really feels like it wants that new high really soon. It wants it today (including the aftermarket), but it may have to wait until tomorrow or later this week. But I doubt it. It seems very 'anxious' to be there. I think it will have its way, like a screaming, spoiled brat having a tantrum.

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.