Here is my chart of the weekend:

I suppose there's always a possibility that the c is a d, but in the back of my mind is what an interesting scenario it would be to have a move down into an 886 of thursday's low followed by a run up into a retest of the high with a nice 886 at the line for a decent unexpected move down

Originally posted by jarek

Here is my chart of the weekend:

That would be a sweet EXP ABCD if it did that. And my intermediate-term put side leanings would really be made happy.

Originally posted by jarek

Here is my chart of the weekend:

Click image for original size

Bulls may not be that weak here if a 1.000 standard bearish ABCD plays out just to the Kane Zone:



They will be fully tested at the downsloping lines above

Could it be that obvious in Silver?

In Gold it'll be the smaller bearish Kane Zone against the bigger, bullish one:

Originally posted by jarek

Bulls may not be that weak here... They will be fully tested at the downsloping lines above...

...and they failed miserably at first such line:

Coming back to our yesterday's discussion on ABCD as W4, today we have perfect example of it happening in ES. This small bearish .382 EXP W4 ABCD played exactly to 1.618 where the whole leg down from earlier top has finished:

Next bearish ABCD ended slightly lower then I was expecting on the chart above, but also in a well justified spot:

Again just to 1.618 to the tick:



But I would not expect 2 W4s in a row

We have approached an important line on a higher timeframe:



Taking it out would approve the count above IMO

And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...

http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident