This coil will get unwound after Tuesday's meeting. The question is which way?

And there's the new high right off the 4PT. Too easy.

It sure is struggling... Time to open the Bern-Quacke briefcase and get out a few trillion. Let's get this thing moving.

I just heard the best expression ever for what the psycho madman at the Fed just did to the world: Heads you lose, tails you die. Seriously, I think unless this is undone fast and the Fed disbanded, the horror that is about to befall the world will be beyond 'biblical'.

There it is! Too easy. Love those 4PT's.

They want to close it strong. I still see some 'profit taking' at any second this is so 'overbought', but if they keep spending our tax dollars, it will keep rising. Be careful in here.

Crude is really stating to take off, with all the commodities. That rush to new highs for crude, and $6-$10/gal at the pump may happen very, very fast, maybe weeks to a month or two. Once they forsake the dollar, it could collapse in minutes. I know I'm a broken record, but I've never been more scared in my life of anything than what is unfolding...

Recall my +100 ES scenario. Well, it's +40 off yesterday's low already. Sure, I wondered if it could do it all in one day, but it looks like it may do it in no more than several trading days. Wow.

It's just getting a bit ahead of itself. Here is my weekend chart:

Originally posted by jimkane

Recall my +100 ES scenario. Well, it's +40 off yesterday's low already. Sure, I wondered if it could do it all in one day, but it looks like it may do it in no more than several trading days. Wow.

and 60 more points takes us here...I know there is always something behind your comments that always evokes one to think.

And it hit the upper boundary of an important channel:





... so maybe the time has come for a bigger correction (like 5 points or something)

And the bulls win once again. They will win until the total collapse of the known financial system, in my opinion. Look at commodities. How huge increases in food, pump gas, building materials, etc. will help this recovery I just can't fathom. I think crude will take out the $147 high soon. I use the term 'soon' here in a relative way. Go back to the trend into $147, put that slope on it from here, and estimate the time. I think it will happen faster, but my conservative estimate is about that. But, this time $147 won't slow it down, in my opinion. Bern-quacke is getting exactly what he wants. Heads we lose, tails we die...