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.

It looks like a sell, and it scares the daylights out of me...

Gold gapped up and is selling hard.

A push up to that 48ish area, then a dump? I just don't see any kind of selling happening...

Originally posted by jimkane

It looks like a sell, and it scares the daylights out of me...

I think it was a buy the little dip there, as we may be in the 80's tomorrow...

If one is really bold one might be trying a sell in here...

But most likely it will get picked up after this tiny checkback, and it will happen in a blast up, crushing all the bold shorters...

C'mon, sell the news sellers. Hit it, will you?

Get ready...

Originally posted by jimkane

But most likely it will get picked up after this tiny checkback, and it will happen in a blast up, crushing all the bold shorters...

Look at that wedge/coil on the 1-min!

Fake up and then sell, or a genuine 'breakout' of the coil up, and now it goes?