Here is my chart of the weekend:

And here they come. We may get that move up I suspected earlier after all. Notice they made it look like it was going to roll right before they started the move. Recall my comments on how I take note of when I feel like they are making me think a certain way, then I look for it to be a trap and the opposite move to happen.

Frenzy mode begun.

ES 1.000 ABCD here. 'W3'?

Originally posted by jimkane

ES 1.000 ABCD here. 'W3'?

So far ABCD. A KZ one again:

Watch the bullish KZ now. I just don't see this doing much more...

And right up it goes of that KZ. But, will this keep moving up, or just chop heinously?

You know what would blow my mind? If that was a lower high 'retest' of that bearish ABCD, and they crushed this into the close. I'd give that very low odds. Yet it seems to be setting up for that... Time to go back into chop mode...

it does have that feel, doesn't it?

Originally posted by jimkane

You know what would blow my mind? If that was a lower high 'retest' of that bearish ABCD, and they crushed this into the close. I'd give that very low odds. Yet it seems to be setting up for that... Time to go back into chop mode...

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