This one-way market is already becoming boring. I'm more and more inclined to the following long term view:



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.

Yes, all this money sloshing around has really gotten things to be wild. Lots of work to be done, but it's good. Imagine if it were quiet and dull.

ZN takes another dump off that 119-00 bounce, and trades well into the 18 handle. Probably just a little correction in a bubble-uptrend, but I have my fingers crossed that the bond vigilantes finally have had enough and that we get a virtual collapse in treasuries. Please, please, oh, please... Please.

if it was just a symbol, i would say the geometry of the cd leg of a larger abcd is in place.

I'm watching the next potential DT ABCD. Yesterday's green set still pretty much in respect:

Sweet bearish KZ ABCD in ZN:

Originally posted by jarek

I'm watching the next potential DT ABCD...

KT at its finest in the move off the pattern:

Jarek beat me to the punch. Same Kane EXP ABCD described by jarek. The chart shows a Kane EXP ABCD with a line passing thru it completing at 0.564 Fibo.

This is fun.

Good Trading, Al Kamego

Nice charts, guys. Lots of nice stuff today. That roll over happened right at an area, too. What a day.

Originally posted by jimkane

... That roll over happened right at an area, too...

With this green set it's just line to line ping-pong so far:

Probably just some OpEx thing.