Just over three hours. I can't wait... Lots of action over the weekend, including the 'big' Spanish bank bailout. Here's some food for thought. It's essentially identical to every comment on the topic I've made since the '09 bottom. As an intelligent investor I hear the news of a huge, monster (proportionately it's about double the size of our TARP) bailout of the ever so important Spanish banks, and I want to sell everything I own. Shoot first, and ask questions later. If it's that bad, I'm 'a steppin' aside'. But, I think there is a good chance this thing gaps up 20+ points. That is extra significant because we are in a key area. It may have one more little push up, or it could happen where it has already hit. Anyway, the market rockets up, through a brick wall area, on super bad news?

The logic is actually there. I still am caught up in the myth that it's a free market, that it discounts actual value, and that investors will be making decisions on the news. Wrong, in my opinion. It is nothing but manipulation. The powers that be will, of course, instruct their primary dealer minions to spend some of those trillions they are stealing from you and I to gun this up on the bad news, in order to prevent panic, scare hedge funds silly, and create an atmosphere of the market being thrilled to pieces with the bailout. Hence, all is, or will be, well. See, that's the game we actually have.

Combine this with a record short interest in the Euro and a short squeeze there is an accident waiting to happen. And Euro exploding has, since the '09 bottom, meant 'risk on'. This thing is all set up for a big leg up, as insane as that sounds (and is, in my opinion). And it would distress me tremendously if this great area is 'blown out'. But, alas, I am fully expecting these filthy scumbags will do it. To me it's tradeable no matter what it does, but some things would be easier for me to stomach. About three more hours and we'll know...

awesome abcd right into the kz......snapping up now

rocketed right out of the area

Nice charts, rat.

My 16 area posted yesterday is from 15.50-17.25, center of area. I think it may do another push up here to try to hit that, although the high at 14 is 'close enough', hence the struggle. But, it is set up perfectly to come out of here in another push fully to that area. Then I see if that's it for this up run, or if they 'blow it out' to the upside.

Watch that HOD at 14 and the 1-2-tick game...

1-2-tick game...

This 1-min TL creep is scary. In 'the old days' it would almost surely break down hard. 'Nowadays' it usually breaks up, in my experience. But this one doesn't look like it will break up... We'll see.

Fake down below the line, then snap up and go? Why do I ponder that? Because a TL creep break should be a flush, and this isn't.

Careful, this just backtested that TL and is rolling over...

Here they come! Nice double pump fake down, the trap was then all set, and in they come, hard. They are sneaky all right, and mean. Got to understand them, or they'll 'git ya'.

And the SPY 'breaks out' for another big push up, appx. 3.75 ES points from where it closed. Now that's impressive. They want it, and they want it bad. Can't wait to see the news over the weekend, and how the market takes it.