With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:

Yes, this one is a puzzlement to me. By following the same exact pattern that would also fool a lot of people, me included. And it is acting like it wants to do that. So I'm pondering if that is the plan, make it look that way, sweep the stops and get 'em all in, and then up. I'm just pondering scenarios.

Originally posted by jarek

Originally posted by jimkane

... I think we go to new highs for the 'bull' from here. Why? I don't think there is any chance this follows the same pattern as last time. New highs would fool a lot of people in here.

Kind of "I know that you know that I know" reasoning is also possible here. If it's too obvious is may not be that obvious at all (at least in the markets)

Was that just a very short-term buy signal?

feels like a fake out and melt up

or maybe my chart is upside down

It sure was. And what did it do? A bearish ABCD. 'Too easy'.

Originally posted by jimkane

Was that just a very short-term buy signal?

And they seem to want those 25.25 stops today, right off that bearish ABCD. What a trading day so far! Incredible in my book. Just incredible.

Watch for massive games as the LOD is approached...

While waiting on this to collapse, and giving my short-side bias a chance to fully play out, I updated the terminology page with 'WAG' as per jarek's request, and also 'Too easy'.

25.25 taken out by the infamous '2 ticks'. Snap trap up, or will they really flush them out?

I think 'up'.

just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...