ES closed strong and looks good for a strong start of the week:



However I'll be watching closely bearish ABCDs on the way up since long term questions remained unanswered yet:

353, though, so far, that's a big disappointment to me. They need to get going on another leg here. The all-time high is calling...

now tell me does this look like the last chart?

ES trading 33.50, now just over 9 points from the new high for the 'bulls#%&' market. Honestly, I think this may rise quite a bit further. Gold 2,000 soon, silver 150, crude 200, then we see? ES, what, Lazslo's 2,700+? I think it may all be coming soon. Of course they've shown the S&P actually has less buying power now than it had before, so this rise isn't in real terms, it's just an illusion. Nothing is actually rising, only the dollar is falling. All the fiat currencies. That's all.

Don't focus on where the dollar index is, look at the buying power of all the currencies. It's going down for all of them, even the commodity powerhouses. They may crush the dollar relative to the rest as they all fall, but that's like throwing one person out of a falling plane. He may hit the ground a little sooner because the plane still has some updraft on the spiralling wings, but it's all a moot point. They are all done.

Notice the Aussie? Notice the same pattern? Notice what I said to look at? Notice how it exploded? Notice where it went to? I hope everyone pulled up the tick charts as well as the 15-min, and saw all this...

they wanted them so i let them have em....dumped my block of sso bought yesterday at 382/87 in aftermarket

ok , i know its not REALLY shorting....... but it felt like it and i only had to risk a dime...

The Aussie hits 1.0707! This is insane. Silver at just about 46. Another reord for gold. Another leg up in the Euro and in crude. And on and on. The dollar is in virtual collapse. If there is any panic or dumping it could lose half its buying power, or even 90%, in one instant... I'm very, very scared.

Euro up another 100 pips since the close...

Originally posted by jarek

This train has smashed through all possible resistances except for the upper ML of our Schiff set. It should be the next target...

And here it comes:



This vertical move up could be either the start of something big to the upside or a final climaxing move before an important turn. I would opt for the latter if the decision to hike the rates next week was already made. If not - the sky is the limit...

This green set in DJIA looks pretty good to me:



The main ML is already a multipivot line and when you look closer there was a small test and retest of the upper ML:



But can ES drop from here a good couple of points before the open, so it can hold?? If not we can always repeat: "When great setups fail..."

I think it may head for the lower //, not even the ML. I've been thinking 35 since forever. Understand, though, this is really just an index against the Euro, which is by far the heaviest component. If the DX was going up, and the dollar going up against all currencies, the buying power of the dollar could still be going down, even rapidly.

All I care about is the buying power of the dollar, and if you look at gold, silver, oil, foodstuffs, cotton, etc., you can see what is happening to my buying power. This is true in all currencies, even the powerhouse Aussie. It's just losing buying power a little slower as it rises with respect to the dollar. All fiats are on their way out. Do they go together, or do they fall one by one in big explosions...