Here is my chart of the weekend:
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jimkane
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Patience is needed on this short-side bias, waiting to see what it does off this small bearish ABCD. BTW, I expect nothing more than it's done already. If it does more, great, otherwise, that's fine.
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jimkane
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Watching 41-42 closely if it gets there. Then we can see if it's a CD leg, or a 'W3'.
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jimkane
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But yet it reacts off this little bearish ABCD. Let's see if they come right in on this little dip. It may just 'range trade' in the upper end of the daily range after this big move up, as per my explanations over the past few days on this.
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jimkane
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Well, get a load of that reaction off that little ABCD. This might actually set another low for the move. Watch the GZ.
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jimkane
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I've noticed a lot lately they are coming in at the .685 right before the GZ, when it's set up for a GZ game. Watch that here.
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jimkane
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Yep, 43 and the .685 early GZ game. Gaming the game zone. Up until close now, 50-51 next. Unless they just chop it around. Got to have a premise, though, so that's mine.
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jimkane
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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


