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AL
albert
Rep: 99
Posts: 3,094
Starting it off.

Al Kamego
MA
MarcinO
Rep: 67
Posts: 5,506
EXP ABCD?

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6e 2014 03 24 3 png
JI
jimkane
Rep: 3,058
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
Rep: 3,058
Posts: 33,089
Okay, it faked through the TL, popped up small, and is now plunging. Now we see.
JI
jimkane
Rep: 3,058
Posts: 33,089
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
Rep: 3,058
Posts: 33,089
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.
JI
jimkane
Rep: 3,058
Posts: 33,089
See how they played the game, exactly as I suspected?
JI
jimkane
Rep: 3,058
Posts: 33,089
Suh-weet. They are good, but they ain't good enough...
RA
rat89
Rep: 0
Posts: 7,015
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....
JI
jimkane
Rep: 3,058
Posts: 33,089
Careful in here is my view.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very technically interesting, how that finished. Very tradeable, I feel, if it was read in a certain way (I'd say 'read correctly', but that isn't really a good way to term it, I don't think).
JI
jimkane
Rep: 3,058
Posts: 33,089
So, it was pretty much chop.