Here is my chart of the weekend:

Spy 5 minute.
If the KZ doesn't stop them the 2nd time around then they may go for bottom line.
Possible 3D (not marked) on the push downs.

kz and right in between the 1.128 and 1.27 this time....

Kane EXP ABCD completing at 0.300 fibo and Kane Pattern-Line-Fib completing at 0.486 fibo.

Good Trading,

Al Kamego

Looks like the bear is clearly in charge at the moment:



Coming back to our recent W4 discussion please note also how this overnight bullish 4PT went exactly to 1.618, which is maximum allowable for W4

ABCD or W3? - that is the question:

Originally posted by jarek

Maybe I should go to the doctor, because everywhere I see bearish 4PTs now

No more need for a visit, I suppose

double 685 at lines??

nope....nasty

Last chance for a bullish ABCD in the Game Zone here:

That low at 30.50 was right back to my line that sent this up last time. Extended daily range. If this can't bounce it, it could get hammered. I can't imagine it at least doesn't stop here.

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