Here is my chart of the weekend:

I thought this was worth taking a shot at. On red alert for chop. But if they forsake this...

Watch this bullish ABCD area here.

Look at that. Reacts strongly off the bullish ABCD, and does it by forming a bearish ABCD, and reacts strongly off that! One after another, each smaller than the previous one, three in a row now. What a coil this is. I still say this all was the same chop in the low end of the daily range pattern, and the 'bias' is up once this range gives way, likely on Sunday night. Just some thoughts.

Boy, looking at roofer's charts I wonder why I do any of what I do, and think I should just trade those .886 gap on 5 setups, and spend my time in my better half's garden... And stop spending 12, 14, even 16 hours a day at my computer...

Still rolling off that bearish ABCD. The close may be very interesting. Staying short-side bias into the close, despite the feeling they should be bouncing this off this key area at the LOD. If this is all this key area can do, this wants a lot lower, in my opinion.

just think how good his roofs are

Originally posted by jimkane

Boy, looking at roofer's charts I wonder why I do any of what I do, and think I should just trade those .886 gap on 5 setups, and spend my time in my better half's garden... And stop spending 12, 14, even 16 hours a day at my computer...

jim--- that is what i am doing right now....trying to find one good index trade between the open and 11 am... and then working in garden.....rat you will remember this from another time.. when a trader said my work is to ''arbitrary'' and not valid... i said'' if that is so, i have just one question... do i have to give the money back?''

I do remember that. nothing arbitrary about your work, not a thing.

Maybe I'll come up with a 'summer plan' like that, roofer, so when the weather is nice I can have lots of time off to go outside and try to improve my health. Something to think about. One, or a few, big potential trade setups per morning, let 'em run, and go have some fun.

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