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    JA
    jarek
    Rep: 94
    Posts: 3,474
    4
    Here is my chart of the weekend:

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    RA
    rat89
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    Posts: 7,015
    1
    great insights jarek

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    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    (Edited )
    Bulls are trying to defend the line with the help of a bullish 1.000 ABCD spanning the whole drop today:

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    ABCD or W3? - that is the question
    JA
    jarek
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    1
    Do they try to lead us here astray by overshooting slightly the .447?


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    RA
    rat89
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    20.19 = 886....wonder what they'll do there?
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    RA
    rat89
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    turned down right in the kz
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    TX
    tx_ches
    Rep: -10
    Posts: 514
    2
    Yeah, I was watching that too as a bear abcd.

    Originally posted by rat89

    turned down right in the kz


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    RA
    rat89
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    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    (Edited )
    What a defence of that upsloping line! Bulls realize how important it is:

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    JA
    jarek
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    If bulls don't deny that bearish 4PT soon, the move down off it could be devastating for them:

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    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    MEE 5 minute.
    Normally don't look for bull ABCD to end the downtrend but looks like MEE based for awhile then had 2 impulse waves then got a possible ABCD for the bulls.

    Bears will see it as a bear ABCD that is still forming. Watch and wait.

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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    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