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

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    JA
    jarek
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    Important upsloping lines were reached in Gold in an ABCD fashion:

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    But can anything stop the bears today?
    JA
    jarek
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    Bulls can get nervous if they see that this 5-point ABCD was everything they could do off such an important spot:

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    The presence of the green line may justify it however
    JA
    jarek
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    (Edited )
    Fortunately for them they found some strength and rejected few small bearish ABCDs:

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    The chances are still there, that our bearish 4PT was a W4
    JA
    jarek
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    Bearish ABCDs are haunting bulls today:

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    RA
    rat89
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    RA
    rat89
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    here's where we find out if this 886 is meaningful


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    JA
    jarek
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    Posts: 3,474
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    Originally posted by jarek

    Bearish ABCDs are haunting bulls today...

    The last one played out to one tick new low before a violent bounce:

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    Such volatility is rarely bullish...
    RA
    rat89
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    RO
    roofer
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    JA
    jarek
    Rep: 94
    Posts: 3,474
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    (Edited )
    Looking from a longer perspective this looks like a dance around our green ML:

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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