I'll start off this week's topic. I think it may be quite an exciting week, with all the European 'news' and potential for meltdowns and meltups.

I'll post a pic I just took here for fun. You big city folks should get an even bigger kick out of this than the rest. Here's a pic of my garage roof. It's not as green as it will be in the summer because we are still in 'winter' here. Even though the climate is somewhat moderate, we had snowflakes just yesterday. One might ask why don't we scrape it off? We do, it just grows back so fast it's crazy. Nothing like living in the rain forest.

Okay, they exploded it up and over all the key lines and Fibs, etc. Let's see if that means a run, or if it was a 'one-off' and now it's done.

This is why I thought the area was worth a shot.

BTW, Bern-psycho is now shooting his evil yap off at the podium right now...

This 47.75 high here is something to watch. It sure does look strong, though.

Why, Jim? Uh, an ABCD at a .382 and .447 overlap off the high area...

But, before I got this posted it was history. Now it's approaching a key area on the higher timeframe. I just watch as it hits various areas, and that helps me understand 'what it is thinking'.

Okay, watch this 49.50 area here very closely. This is way more substantial.

Although this area could stop it, it is poised to do one of those miraculous make up the whole drop fast deals, and I'm keeping an eye out for that as one possibility.

sharp moves , particularly when they are back to back.. call for the installation of modified schiff sets to know where the computers will look to bounce price.... note both schiff sets projected same price and time based on the rules.... traders slammed in tight stops and were quickly stopped out...now the possibilty exists for abcd in bc leg ...given the geometry as it now stands....

See the trouble that has given it? Look at the work for the previous area, and look at the work for this area. Look at the timeframes. See why this might be?

Originally posted by jimkane

Okay, watch this 49.50 area here very closely. This is way more substantial.

hahaha! recent price action can age a trader

Originally posted by jimkane

Hmmm, I just realized something. I am probably not going to get many, if any, thoughts or replies to my post. To do so would mean 'choosing sides', and I can see that few if any would want to do that. If they say I should 'enforce' my rules, then the person on the other end of that gets mad at them. If they say I should lighten up and let things slide, that may be perceived as going against me. I didn't realize this when I posted the above and asked for feedback, for help. I thought I was being as fair and upfront as I could be, trying to involve my readers and ask for help in a tough situation.

It just hit me now the situation we are all in. Hence, I guess, I'll have to decide. And I feel like no matter what choice I make I (and we) lose. If I say I'm just too stressed out and I'm leaning towards just locking the forum, I know I'll get e-mails begging me not to. I guess maybe the best thing I can think of is, if you have something to say on the issue, please send me an e-mail and let me know that way. At least I'll know where some people stand before I make my decision. Thanks.

Here is my two cents, unadjusted for inflation. I consider it a privilige to be a member of this forum and see how other traders do things, based on the Kane Trading Methodology. This forum is one of the most awesome things I have seen in this sham-filled world. IMO, one's health is of paramount importance, and I think it should be guarded carefully, if one is to maintain it. I say this as I face serious health issues of my own, caused, in good part, IMHO, by my sedentary lifestyle. I love the charts, and IMO, a picture is indeed worth "a thousand words." IMO, when the aggravation gets to be too much, it is a sign that one should put some distance between one's self and the source.



Sincerely,

Al Kamego