Starting it off.
Al Kamego
JI
jimkane
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Posts: 33,089
That would be a nice option. But I suspect just a fake through the TL. Best case is a small fake through the TL, then a small burst up to trigger the longs, then down into that area. That would get pretty much everyone. I doubt it's really going to do much, the move was in the AM, as usual, 20+ points, as usual. But, who knows, the downtrend might resume off this area.
JI
jimkane
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Posts: 33,089
Okay, it faked through the TL, popped up small, and is now plunging. Now we see.
JI
jimkane
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As an aside, the HOD was at 66.00, right at the low end of the second area I posted last night. My recent mentor students should be able to see the danger signs it showed at that point. I know 'The Player' sure saw them. This thing had a lot of similarities with Friday (the positioning is much different, but the sell the open was the same).
JI
jimkane
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I don't see it at all today, but if they decided to crush it, 35 area is calling to this. Not likely by the close, but it's not an impossibility, either, in my opinion.
RA
rat89
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all traders using the kane tools can see the setup for a sharp move out of the abcd to tna 89 - 90 and iwm 122 area....
