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    JA
    jarek
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    Here is my chart of the weekend:

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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    (Edited )
    Yes, that's basically the June equivalent of my July 105 area. I'm posting July numbers because I am working up areas for possible longer-term plays (well, barely intermediate actually, but much longer than short-term intraday), and I don't want to get caught up in rollover when July is already approaching June liquidity here.

    Originally posted by jarek

    Crude approaching an important area:

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    JA
    jarek
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    If it doesn't want to go up from here, it'll have to go down. Down a lot. As simple as that:

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    JI
    jimkane
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    Well, I'm still hopeful it goes down. It would be really cool if the blowout bin laden top was the final Intermediate top for the 'we need QE3, please give us QE3, we don't care about huge inflation' summer move down. It's just so technically nice, but, alas, everyone is saying this, so it seems completely unlikely...
    JA
    jarek
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    Originally posted by jimkane

    ... everyone is saying this, so it seems completely unlikely...

    Is really everyone bearish here?
    JI
    jimkane
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    No, out in the blogosphere the call is a summer drop to justify QE3 at the August Jackson Hole speech, just like last year for QE2. I've seen it more places than I could count.

    Originally posted by jarek

    Originally posted by jimkane

    ... everyone is saying this, so it seems completely unlikely...

    Is really everyone bearish here?

    RA
    rat89
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    Posts: 7,015
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    Originally posted by jarek

    Originally posted by jimkane

    ... everyone is saying this, so it seems completely unlikely...

    Is really everyone bearish here?


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    JA
    jarek
    Rep: 94
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    That picture sums up bears' task here pretty well
    JI
    jimkane
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    Yeah, but what the picture doesn't show is the Fed government sniper with that bear in his crosshairs, just off to the right...
    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    ES 60 minute.
    If you use an adj set, it contains the action.
    2 SH at 112 and 2 SL at 78.

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    RA
    rat89
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    green set gets hit again



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    JI
    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