I don't doubt your technical skills El Cap, and I greatly...

I don't doubt your technical skills El Cap, and I greatly appreciate you sharing them on the forum

But fundamentally I don't think the $26 break will come whilst QE3 is still hotly anticipated..... which it is

The majority didn't think QE3 would be announced at the last FOMC, but the majority have been predicting that September FOMC will be the one.

Perhaps if we get another month of bad data (starting with employment numbers tonight), and then still more rhetoric from Ben in September, THEN the market will start to doubt whether QE3 is actually going to happen, and then you will see the collapse.

I'm hoping to re-buy at around 26.50 and watch the "anticipation gain" play out again