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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
    Rep: 0
    Posts: 7,015
    2
    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    (Edited )
    I've changed the slope of the downsloping set and now everything looks good for a 1.460 DB ABCD:

    Click image for original size


    Looks like they simply had to reach the Kane Zone
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    1344 area next?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    1343.25-44.25.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    I'm not saying it will get there, only that if it does, I'll be careful with existing longs.

    Later I plan to post my 'magnet' area concept (in brief).
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    Watch for a struggle and possible rollover right here.
    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    Distribution usually takes place after the top is in:

    Click image for original size
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    Not much of a reaction here. Looks like it wants to blow it out to the upside.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Careful, this should have popped up already. If not...
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Okay, a little fake down to the key line, now they can rocket it upwards... If it doesn't go shortly, I would suspect we are back in chop mode for day four in a row.
    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