Everyone ready for another exciting week?

then and now....

one trade at a time.....

That's why I commented that the ES may tank right from where it was, at this 67-low 70's area (although it did hit 76 so far now), because it may diverge from 6A and CL, as they gun for their areas and ES sits patiently waiting. All this has now happened. Everyone is at the dance, and the music is starting. So, now we see.

I don't like that the S&P is a 'double top' here that everyone is now talking about, and I don't like rat's higher area calling to CL, although I could see CL rising and the rest dropping for awhile, based on 'middle east tensions'. Anyway, if the bears have any chance they better step up now. Yes, it could top out higher, at the levels mentioned, but the odds of it wanting new 'bulls#%&' market highs goes way up, in my opinion, the higher it goes from here...

Originally posted by rat89

jim's area in time at the red line.....but what a tasty and interesting area right here

Click image for original size

Okay, here's a key area I wouldn't trade if you gave me the money, let me keep the profits, and told me you'd pay the taxes for me. Bearish ABCD here at multiple key lines and Fibs. 72.50-73.25.

Yes, rat. I sure wish this maniac upside madness could end here... If wishes were horses, beggars would ride...

Everyone should read this, especially currency traders.

http://www.zerohedge.com/news/presenting-metronomic-us-open-eu-close-eurusd-dip-and-rip

Here are some levels I am watching next, now that that beautiful, near perfect-looking bearish ABCD was blown out, as I 'knew' it would be.

74.50-75.00

77.00-.75

81.50

Wait... Let's see...

That's what I wonder, too, rat. But beyond the lunacy of all that, my biggest concern is all the people who have just some small amount of savings, fighting the dropping standard of living since around 1972 in real terms, and they are being forced by the Fed to seek yield in much riskier investments. Say they are retired or near retired. Imagine being 70 and having to put all your money in the stock market because real yields are now negative. The Fed is doing that on purpose, and admits such. Force people into the market when that is not an appropriate investment for them. This is sick and twisted.

And then along come the propaganda cheerleaders, from all the TV financial shows, to the endless analysts, to guys like Carl. If you are not part of the solution, you are part of the problem. His endless bullish drivel motivates a certain number of people to get long the market from an investment standpoint. He spews propaganda for the evildoers. And that is what I take issue with. Him and all the rest.