No charts. Just opening a new topic.

Okay, so far it looks like the go to sleep now, as it has been doing, is the plan. Gosh, I want a sell-off so bad. It doesn't feel so good to want...

Sorry, typo

Originally posted by jimkane

rat, can you explain to me again why you use the .768 instead of .786?

Originally posted by rat89

so many fibs were in play at the low yesterday, that I have to go back and just keep drawing....we had .685, .768 and 1.128 in an 8¢ box. if I was more focused I might have seen it coming better, just an example of how you have to look both ways all the time...

This isn't quite the pattern, but it does show the basics of this madness.

http://www.zerohedge.com/news/2013-08-13/its-deja-btfd-all-over-again

Ah, thanks. I wasn't trying to nit pick or call you out or anything, I was really wondering if you had found something new.

Originally posted by rat89

Sorry, typo

Originally posted by jimkane

rat, can you explain to me again why you use the .768 instead of .786?

Originally posted by rat89

so many fibs were in play at the low yesterday, that I have to go back and just keep drawing....we had .685, .768 and 1.128 in an 8¢ box. if I was more focused I might have seen it coming better, just an example of how you have to look both ways all the time...

Kinda some of what I have been getting at.

http://www.zerohedge.com/news/2013-08-13/guest-post-are-we-re-tracing-market-peak

Can you tell I know it's sleep time and I'm off reading articles?

Okay, did I just trigger a pop with my last post? ES now headed up for another leg?

Woo-hoo, first the fake up, then some down. Watch the ABCD here. That's likely all it will do, but here's to hoping it's a 'W3'...

Just one more cascading thing to worry about. Derivatives, with notional values around $1.6 quadrillion (by the sources I consider most reliable), lead the worry list.

http://www.zerohedge.com/news/2013-08-12/fed-warns-leveraged-etfs-could-trigger-1987-style-cascade-stocks

That ABCD area stopped that down move dead in its tracks.

Thanks Jim and thank you for the offer. Please leave my latest posting in the main discussion threat, where it is. The chart seemed worthy of comment at the time I looked at it, but now, not so much. It probably points out that I need to follow price action on the 15 minute and higher timeframes more, in order to see more, as you have pointed out in your books. As usual, the Kane ABCD covered the price action beautifully.

Al Kamego