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    Duane
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    Posts: 1,095
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    (Edited )
    Giving Al a break this week. I was thinking about what Marcin and Rat said. The pattern that you described Rat, is a textbook Trend Direction ABCD . Nice call. Internals make more sense, found my ABCD in the BC leg. Fibs perfect. Yeah Marcin, I am not that good at counting, just looking for trend and a correction to get in on.

    This should be an interesting week. Will we have a new English Prime Minister? What about the wall? What will that crazy guy do to roil the markets?


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    DU
    Duane
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    Looking at that ABCD it is not a trend direction ABCD it is an Expanding ABCD. Still a great catch by Rat.

    RA
    rat89
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    What is an expanding ABCD? Assuming it is what you see in a flat...

    Originally posted by Duane

    Looking at that ABCD it is not a trend direction ABCD it is an Expanding ABCD. Still a great catch by Rat.


    RA
    rat89
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    So, maybe we should keep a sharp eye on gld and gdx

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    DU
    Duane
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    The Expanding ABCD is Kane Trading terminology. The same as the flat but with specific fibs.

    Nice charts !!
    AL
    albert
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    Posts: 3,094
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    Paper trading followup. CBOE price has been dropping . SJM price rising a little, and SNBR holding its BAT position, imo.

    Al
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    Then
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    and Now

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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
    If this is a correction in an uptrend then C is higher than A, and D lower than B.
    Opposite to 4PT.
    Flat is right in between.
    Originally posted by Duane

    The Expanding ABCD is Kane Trading terminology. The same as the flat but with specific fibs.

    Nice charts !!
    MA
    MarcinO
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    i really can't wait until this political farces are over. NQ and other indices are in a bull...t price action for straight 6 days.
    The only meaningful move was tonight during Asian session, while Europe was asleep.

    Originally posted by Duane

    Giving Al a break this week. I was thinking about what Marcin and Rat said. The pattern that you described Rat, is a textbook Trend Direction ABCD . Nice call. Internals make more sense, found my ABCD in the BC leg. Fibs perfect. Yeah Marcin, I am not that good at counting, just looking for trend and a correction to get in on.

    This should be an interesting week. Will we have a new English Prime Minister? What about the wall? What will that crazy guy do to roil the markets?



    RA
    rat89
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    Ah....thank you...

    Originally posted by Duane

    The Expanding ABCD is Kane Trading terminology. The same as the flat but with specific fibs.

    Nice charts !!
    DU
    Duane
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    Great Charts Albert !
    RA
    rat89
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    anywhere in this wide range from .618 - .786.....earnings tomorrow....

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    DU
    Duane
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    Nice charts Rat , Thanks !