No charts. Just opening a new topic.

Sure looks like it is going to rocket up now. We'll see.

96 is just calling to this thing. Too bad, I was hoping to break the spell with some selling. I was also hoping a supermodel would knock on my door and ask me if I would sleep with her...

I think all of us here share some common expectations.

Originally posted by jimkane

96 is just calling to this thing. Too bad, I was hoping to break the spell with some selling. I was also hoping a supermodel would knock on my door and ask me if I would sleep with her...

I wish

Originally posted by jimkane

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...

It does look like they will follow the pattern. So far it's been a 4.25 point range since it topped, and it will probably stay in that, or pretty close.

Yep, 'chop' until close. Now will this 'chop' that looks like a flat ABCD send it up? All I know is likely it will sell down around 14-16 points or so, and then go straight up 14-16 points or so tomorrow.

I place essentially zero credence on this 'indicator', but this cluster is worthy of note to me, as are all the things that are 'lining up' lately. That doesn't mean, to me, the top is in here (it may or may not be), but it does mean to me that we are starting to do 'topping' type things more and more and more.

http://www.zerohedge.com/news/2013-08-13/hindenburg-omen-strikes-again-biggest-cluster-record

Icahn opens his stupid trap about his stake in AAPL, and that bloated fat pig that has been going up like crazy lately explodes. Not really surprising...

same old, same old

I just saw a funny cartoon. A guy is sitting at his computer and he says "40% of the Internet is porn? You mean, there's 60% of the Internet I haven't seen?"

Too funny.

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