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.

the one i havebeen looking at.....
http://stockcharts.com/h-sc/ui?s=IWM&p=60&yr=0&mn=4&dy=22&id=p65984586661&a=180053968&r=1340276741219&cmd=print

hmmmm.....stopped at the 1.46/ .685

the odds of the p;attern i showed months ago still weigh heavily on market.....
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=1&dy=0&id=p02414027213&a=171433606&r=1340277892533&cmd=print

crazy stuff, eh roofer? other than the 5 min sco, what is your read on uso? is it about to collapse or reverse in your view?

slv and gld rolling down hard would be the big surprise wouldn't it...

go rat!

Al Kamego

I'm always amazed when roofer and i have almost the same chart....it tells me there is hope for me!

That sounds good to me.

Al Kamego

Kane EXP ABCD completing at 0.382 fibo. Point D not much different from Point B.

Al Kamego