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.

I didn't show the key TL in silver that makes it all come together right here and now. Here's the weekly chart showing this. Normally one would say this is a monster support and buy right here, and it may draw the bounce, but ultimately I think it will fail and hit that 20 area.





Chart created on QCharts, courtesy eSignal

That CL is something. Now dumping hard in a smooth trend, losing almost a buck already.

There it is! New HOD. But I'm starting to wonder if they'll ever come in in a serious manner. Last hour coming, I think they will, but who knows.

Here we come...
Ramping up the chart...
Get the funniest looks from...
All the bears we meet...

Hey, hey, we're the rampers...

Sung to the tune of 'Hey, Hey, we're the Monkees'

Got-cha, you oniker. Got-cha.


Have you seen the little piggies
Crawling in the dirt?
And for all the little piggies
Life is getting worse
Always having dirt to play around in

From the song 'Piggies', by the Beatles

Originally posted by jimkane

ES ready to start its Friday afternoon into Sunday night GLOBEX run up?

And yes, this 30.50 is a serious area I am watching in case they can't sustain here.

Yep, that 30.50 is a tough one for it.

If they plan to continue this into the close they really need to pick this up here at this 27.50.

27.50 draws the reaction, as expected. Now they need to sustain to make the final push into the close, then it can do the 'nutzoid' explosion after the cash close, and add maybe another five points on just there. Hey, I can wish, can't I? Actually, I suspect it is going to just chop here, or dump. I think it may be out of gas.

C'mon, 32.25-33.50.


For you obscure movie buffs:

'C'mon 22, C'mon 22. 22. 22.'

From the movie 'Lost in America'

http://www.youtube.com/watch?v=d7JNUH7P2Aw