Here is my chart of the weekend:
JI
jimkane
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Posts: 33,089
So, recall I said I'm watching 105 area in CL, basis July? It hit 105.16, and promptly sold off over $4. Note the two ABCD's on the way down if one wasn't awake at the reversal point. And the ES at 58.25. I guess I'm seeing something... ES just hit the big .447 in a key price flow area. This is where it would bounce, I think, if bouncing is what they want to do.
JI
jimkane
Rep: 3,058
Posts: 33,089
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
http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident










