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.

Originally posted by jimkane

Okay, after a 'retest' here they come.

Watch the little bearish ABCD here, in case.

Three very short-term levels come in here, if this ABCD is overcome.

31

32.50-33.00

35

Understand, with the levels this close, this would only be useful for the very short-term i.e. 'intraday swing trading scalpers'. As everyone should know, I use the term 'scalper' not in the literal sense, but to signify a short-term KT trader (who would be an intraday swing trader as a better description than just the generic 'daytrader') who is on the shortest end of that spectrum.

30.50 is drawing quite a reaction. Is that it? That's all it has? Approaching the first short-term area past the ABCD? Wow, that would be weak.

While it is trying hard to climb further, it's not frenzied short-covering, it's labored as all get out. I can't wait to see what Sunday night brings. Keep in mind, there is something monster at that low. If it goes (gives way), that means something to me.

C'mon, gimme a burst into the close, at least to my higher levels.

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.