Well, will it gap up and make me cry (actually p#%& me off to no extent*...)? Can it keep running after going essentially straight up over 63 points? Will it blow out my great areas, as seen in rat's charts? Are the odds really what I think them to be, 0.0001% that it could go down here? These, and many other interesting questions, are about to be answered...

*Understand that I would be p#%&ed off to no extent not because I don't think this upside has been tradeable (I think it was highly tradeable), but because I want the market to be allowed to 'do the right thing' and move to fair value. I'm just sick (sick) to my stomach over this endless manipulation. The worse the situation gets, the higher the market goes, and the more the 'bulls' talk about how fair value is much, much higher. Ugh.

Okay, that's a finish I can live with.

Interesting time fibo.

Al Kamego

Here's what I can't figure out. Or understand, at least. 'Dragh Queen' will make some crazy announcement tomorrow that he will be buying I don't know how many trillion Euros worth of Spanish and Italian bonds. He will essentially be doing this with German taxpayer's and saver's money, strongly against their will. They may not give him the money.

So, first, he's all talk. Assuming he can do it, and steal the money, printing this much should drive the Euro way down. Euro down (USD up), market down. That's the way it has been. But I suspect announcing a lot more printing will have the market up a bunch, like it was on 'the big bounce' when he shot his hole off last week.

Now, will the Euro rise on it being heavily diluted? That seems insane. Hence, the Euro goes down but this time the market goes up? That seems insane. The market goes down? That seems beyond insane. Money printing always gooses the market way up. So, nothing makes sense.

See, when the ChairSatan prints, the USD goes down, hence the Euro up, and the market rises. That makes sense, in a sick, twisted way. But when the ECB starts printing the Euro has to go down, and hence the market down. They don't want that. It can't be resolved, to me, unless Euro down (USD up) means market up now. We then get even deeper into the Bizarro World.

I know nothing any more, except that the odds, to me, seem extraordinarily high that the market will act stoo-pid tomorrow and go way up when the 'Dragh Queen' makes a bunch of promises about money he is forcibly stealing from the Germans, who plan to resist him. Bizarro...

Every last thing technically says 'down' off here, and my gut feel is that that maniac knucklehead manipulating stealing thief will shock the markets 'up' tomorrow. I just can't imagine, as hard as I try, that this thing could/would be allowed to go down. Maybe they just have me trained. I see the setups, I got the triggers, I know what trades I need or needed to make, I just can't imagine they will play out. I feel like I should have 100% of my capital in call options, waiting for the 'Carl Futia' run up to new highs... I'm just stating my feelings over and over in here because they are bugging me so much I need to vent them... I guess for the short side I am 'climbing the wall of worry'.

Here's why 'Dragh Queen' has no real options. But it won't matter, they'll goose the market on his worthless announcement just so it looks like the market likes what he said. It's all a game to them.

http://www.zerohedge.com/contributed/2012-08-01/no-functional-miracle-weapons-fight-debt-crisis

No posts today? Well, the 'Dragh Queen' did as expected, he said nothing of import, he jawboned some more, he basically said, again, 'The check is in the mail', as he really can't do much, and the market didn't like it, as it shouldn't. The Euro, after an initial pop, dropped 273 pips by my data. Everything is as it should be. The 'pulling a rabbit out of his a#%' didn't happen, as I so strongly feared. Those puts I have in my quote monitor look a lot heftier right now. My smile is broad, as far as the market action.

Now I watch closely, as this has dropped right to an area, and with the 'big' jobs report tomorrow, it could make all this up and more ASAP, who knows. I'm hoping some real downside can finally get started.

Here are some levels I am watching. 57.25-.50, 61.00-62.25 (this is the key one), and 64.25-65.00. 59.00 is a very minor level tucked in there.

First area hit on a volume spike. But it looks so frenzied, will this actually turn it? I doubt it.

Note that this is the bearish ABCD, which is about to 'fail'. What that really means is, not trigger and hence be ignored. 'Context'-wise coming off a big area, this would likely need a lot more of a bounce before more downside can come.

Here is a post. I thought the price action today was very good. Kane DB ABCD with not much movement from Point D at the OPEN, except to form another Kane DT ABCD BUY.

Kane 4 PCP Sell highlighted in square.

Al Kamego

Thanks....I'll take your educated guess over most people's predictions any day