Jim has allowed me to post some charts in a separate thread, so I will post here in Al's Charts 2. I am amazed at how the Kane Trading methodology permeates price action. I like moving averages, too.
Any comment welcome.
Good Trading to all.
AL
albert
Rep: 99
Posts: 3,094
Gap on 5 min SPY chart. EZ S3 GLOBEX chart shows SL based on higher lows in overnite and ML set drawn off them. After open, price formed 0.886 fibo retrace at 200 SMA and reversed. 34 tick SPY Globex chart shows Kane TD ABCD and trend Line.
Al Kamego
Al Kamego
AL
albert
Rep: 99
Posts: 3,094
Very cool charts today, all. Kane TD ABCD with a very long wick on Point.C ( I do not know if Jim would allow that one). roofer's "Beauty and Simplicity." And I dont know if that bit of congestion in the downleg is proper to anchor a "Kane Zone" 0.886 fibo retrace for Point B of the Kane ABCD. Fun day today!
Al Kamego
Al Kamego












