So there is another chance to extend the recent string of Monday up sessions, which Jim is stressing so much lately. Based on the fact that Kane ABCD completed exactly at .382 of the previous swing we know that there is exactly 87% chance of taking out February highs. And looking at counts posted on various sites by prominent elliotticians pointing to imminent start of wave 3 of 3 down, we may expect that there should be enough fuel to propel such a rise.

Nothing decisive happened to the long term picture of the issues posted here last weekend. One interesting development though is 10Y yield. While many (including myself) were expecting a break and acceleration to the upside, we had a strong move down right off Kane ABCD:



Hard to imagine that this was a Wave 2 ABCD, but we can't rule it out...

This market is on fire! Look at GOOG, AAPL, ANF, MDY, IWM et al on a 5-min. Setting it up for a strong weekly close, and yet another up Sunday night GLOBEX/Monday. Yes, some day, for 100% sure, the market will 'prove me wrong' on the long bias, and as I have said many times, I will require it to prove me wrong. And I will rejoice when it does. But in the meantime, I will rejoice at the seemingly endless supply of long setups this thing keeps throwing out and fulfilling as the rise keeps going. Again, so much for all those W3(3) callers. The trend is your friend...

Okay, folks, the one man show is over for the week. We got a high close for the week, we got the big up day I expected today right off that ABCD I mentioned, we got the jobs report beat I expected, it's all following the manipulation script as expected. I see some exciting times ahead. I think the only thing that can stop this runaway 'bull' market is a crisis. Not the threat of a crisis, but the actual crisis grinding manipulation to a halt. Since the expected reaction to a crisis is to manipulate the market up even further, the only thing that will likely stop this, in my opinion, is a crisis such that they simply aren't able to run money into it at that point.

Keep an eye out for my monthly commentary, which I hope to have posted tonight, but if not then, by this weekend. See everyone Monday. All two or three of you...