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    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    (Edited )
    This one-way market is already becoming boring. I'm more and more inclined to the following long term view:

    Click image for original size


    The only question mark in such scenario would be whether it was already end of .382 W2 at July lows or if it still needs some more downside to conclude (and form a Flat or TD ABCD).
    I agree with Jim that longer term all the permabears are going to be rather unpleasantly surprised.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    ZN trades 119-00. Let's see if they dare trade an 18 handle, or if this triggers a bounce.
    JA
    jarek
    Rep: 94
    Posts: 3,474
    0
    (Edited )
    Is the market afraid that Fed is loosing control over rates??
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    I'm not sure, but I hope so. I hope the bond vigilantes finally show up...
    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    Bulls are trying to save the day by defending this KZ DT ABCD:


    Click image for original size
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    ES done now?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Beat me by 11 seconds... With chart.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    What would be cool is if it hangs around here, and closes cash again at a key area.
    RO
    roofer
    Rep: 3,689
    Posts: 3,574
    2
    jarek- you beat mee too!!!my guess is one more push anchored on that pattern
    JA
    jarek
    Rep: 94
    Posts: 3,474
    0
    I wonder if our Fed rule will have its effect this time around...
    RO
    roofer
    Rep: 3,689
    Posts: 3,574
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    i am spoiled...... i am used to december being the easiest trading of the year..... this is work....
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Probably just some OpEx thing.