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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
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    rat's day......saw 886 on spy and qqq....and for some reason hesitated, thinking what if it wants further down....don't ask me why...so no trade on a perfect setup and missing it threw me off. it's worth going back and analyzing why you get stuck, but it reminds me of the fortune I was got in a cookie: "he who hesitates is lost"



    Originally posted by roofer

    roofers day... worked in yard from 6 to 9... came in watched open on gap placed order at 5384 stop at 51. saw order to exit at measured move in CDE was filled.. went back in yard.. weeded another bed... came in for coffee... figured .618 was the closest to 4/1 so got out... back to yard...talked to neighbors about the fishing line strung all over yard that i am using to keep deer out.check the forum a few times today.. took a nap... now i am going back out to my garden.......

    RO
    roofer
    Rep: 3,689
    Posts: 3,574
    4
    ...and dia.....it does not get better than this
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    JA
    jarek
    Rep: 94
    Posts: 3,474
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    (Edited )
    What was this double top in ES - 100% retracement of the first leg down or another small bullish ABCD is forming here?

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    JA
    jarek
    Rep: 94
    Posts: 3,474
    3
    (Edited )
    The fight here is really important - if it goes up from here, then nice bearish setups at both main indexes would be invalidated at the opening:

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    Didn't I tell before that I saw bearish 4PTs everywhere?
    RA
    rat89
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    Posts: 7,015
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    double top at 685? watch for bull abcd? what we saw yesterday said everything got picked up on the gap at the 886...seems to support the thesis of 136380 ish on spy followed by a possible 139?

    Originally posted by jarek

    What was this double top in ES - 100% retracement of the first leg down or another small bullish ABCD is forming here?


    RA
    rat89
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    now what?
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    JA
    jarek
    Rep: 94
    Posts: 3,474
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    Now we know it wasn't small bullish ABCD forming at the top. Kane Zone is on the verge of giving way. The price the bulls can pay for not invalidating those bearish setups (and we may be sure they tried as hard as they could) might be substantial:

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    RA
    rat89
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    Posts: 7,015
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    continuation or bust


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    RA
    rat89
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    .84 = 447.....
    RA
    rat89
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    ??


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