Am I the only one excited? Ready to go? The Greek elections are too close to call, but absolutely nothing indicates in any way any need for 'coordinated action' from central bankers, or any additional money printing. Nothing whatsoever, in my opinion. But, and here's the rub, the insane part: the market is expecting the printing.

Now, if they don't get it, the market would be inclined to go down. This would be 'disorderly', not in that it would be truly chaotic i.e. big selling, just a small decline of say a few points, and anything considered 'disorderly' justifies more money printing. So, I suspect we'll have some printing anyway, now that they announced it 'if necessary', and the market going down if they don't get it would make it 'necessary'. See the insanity of all this?

So, I expect a big pop on that announcement. In reality, this is set up as the mother of all 'sell the news' events, especially after that crazy pop into the close and good-sized additional run up in the SPY after the futures close. We shall see soon enough.

Sellers...

48.25 is the 1.000 bullish ABCD area.

Levels:

47.50-48.25

43.50-44.25

39.25-40.00

I really like that 39.25-40.00 area as a magnet, especially if it happens fairly quickly. But, who knows with these manipulators.

Clinging to that TL as cash gets ready to close.

Sometimes I think about posting something and I hold back. Then later I feel frustrated that I didn't post it. I dislike posting something after-the-fact, but since my in advance track record in here is, in my opinion, beyond stellar, once in awhile I do just that. Since my post cleared nailed the daily high and reversal point area, in my opinion, this isn't asking much to take my word on this. Besides, everyone in here is a fan who thinks they can learn something from me, and we don't have any maniacs in here who want to tear me down, so it's okay for me to post like this once in awhile.

Anyway, when I made that post last night I had a strong feeling, almost like a 'premonition', that the high for the move would be at the 1.460. I think that likely my subconscious was analyzing the entire layout, and the way the 1.460 came into the lines, right between the two clear levels, it perhaps just looked the most like 'the spot'. Notice that I post the two areas but mentioned the 1.460, sitting right in between them. How often do I do that? Here and there, but not too often.

I did that because of what I just said, I just felt that was going to be 'the spot within the spot'. I wish I would have just voiced that opinion. What would it have hurt? So, the 1.460 was at 56.82, and the HOD was at 57.00. Within less than a tick...

Not a big deal, but I sure wish I would have included the emphasis on that 1.460...

Originally posted by jimkane

On the upside very short-term I am looking at 52.75-53.00 and 60.00-.50, center of areas. The 1.460 lies right in the middle of those, at 56.82...

Look at how many times that thing has bounced off of 49.75 going into the European open. Just crazy. Absolutely nuts. Look on a 1-min chart.

what a fascinating spot....and why don't the smileys work for me anymore? grr..

Kane DB ABCD completing at 0.564 fibo and trendline.

Al Kamego

Get ready for that Fed announcement in just over ten minutes.