And they're off ;)

Look at that cash close pop! I always wonder who does this, and why...

Notice how many times, especially when in a range and games are being played, that they will make it look strongly like something is about to happen, then the opposite happens. Here it looked extremely strongly like it was about to dump in a big manner. Seconds later it explodes up like a rocket. Coincidence? I doubt it.

Lowest 4-day volume for a non-Xmas-holiday week in five years. Hmmm.

Regardless of how tradeable we think this market may be, overall I still think it is insane. Insane beyond belief. A market where something much worse than the flash crash is waiting to happen. If this doesn't convince everyone, those remaining holdouts are insane, too.

http://www.zerohedge.com/news/whack-mole-algo-back-0

Very interesting action there. I am not as confident that my scenario I laid out yesterday is going to play out. It still may, but the way it is acting since then has it now looking more like a topping formation. This may lead to a 'one-day wonder' 20+ sell off, and then back off to the races. That would take it right down to the obvious key TL. The way it acted around previous highs was not 'right' at all for the scenario.

All this said, I haven't written that scenario off yet, only that I see it as a 50/50 proposition now, instead of like 99% like I saw it before. Now, just a little while ago this broke some key price flow and TL's, and did it with a little 1-min chart burst. Is this a stop sweep and up it goes, scenario still on track? Or is it the start of the move down I mentioned?

I'm keeping in mind tomorrow is Friday, and Friday afternoon and Sunday night usually have a strong upward bias (unless they don't, what a statement that is...). So, could this sell to say the 75 area, and then start up Friday afternoon, leading into a Sunday night gap up? I'm considering that. I think, though, the thing that would fool the greatest number of people (like, literally 99% of them?) would be if the 'bull' market was over here.

No new 'bull' market high, the overlapping swings upward correction was as it seemed, and some big down is coming. I can say, in my opinion, no one is looking at that as even remotely possible, including me. And that has me really wondering. Just the fact that I feel so inconclusive here for so long makes me think this could be a major turning point. Stay tuned, this is the fun part.

And this is what, four days running 'joey-D' is showing his bear image, and posting tops for the ES and a bottom for bonds? He sure seems to think this is ready for a drop in here.

What's amazing is the way they ran it all the way back to within pennies of the week's high and stop it.....then drop it and stop.....then move it back into the upper range....

Dia and iwm are the most interesting here and while I could see 145.50 ish on spy it does have an odd feel where a sudden drop wouldn't surprise me. I'm 100% on the fence, but leaning short

0.886 on gap at geometry on 5 minute chart, and another 0.886 fibo reaching into the gap.

KaneTrading, and the tools we see here and the Kane Traders are awesome.

Al Kamego

Another boring day. I wonder if they will run it into the close? It looks like it's 'strengthening'...

Like that run into the close was hard to see coming...

The way it looks, though, if they gap it up and over Sunday, that may trigger a pile on, and my initial scenario could play out. I think the odds jumped up quite a bit with this reaction off the ABCD and strong close on a Friday. Maybe 75/25 now with this action?