Just preparing for a flat correction scenario.
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).

last one in:

meanwhile.....

Nice stuff, rat. That about sums up the positioning of things, and the decision to be made. But I still can't see how the INDU won't be pushed to new all-time highs so 'the administration' can say ' 'The Market' is at all-time new highs now. See, we did that. Our plans are working great. We are all over it.' Then the next wave hits, they have to do a bunch of stuff and new printing, and they can say 'Listen, look how effective what we did last time was, Market at new all-time highs, we did that. Now trust us here...', and people will. That's my take.

Okay, here's my 'stoo-pid' vote for the day. Perhaps the week, month, and year, but the competition is fierce... NFLX is up over 50% from where it was trading yesterday, on 'good earnings'. It is now a tripler from a few months back. A few months pass and 'The Market' feels NFLX's market cap should more than triple?

STOOOOOOO-PID.

The first chart is fascinating. The 'stoo-pid' games they play, day in and day out...

http://www.zerohedge.com/news/2013-01-24/what-does-vix-know

Watching 93.50-94 next. But will this stop before new highs again? I'd think they'd want to run it down a bit in the overnight so it can smoke to another new high tomorrow. We'll see.

Carl Futia is calling for 1546 ASAP, and for the 'bull' to run most of this year. If so, the S&P should have no problems hitting 2000. The Dow may make 20,000. All that with the VIX just dropping through the floor and the NYSE daily highs breaking to a new four+ year high. Sounds about right...

This 91.75 might be it, too, though.

It sure does have that look like it wants to go right back to new highs straight away...

Now we see... And probably what we see is new highs...

Originally posted by jimkane

Watching 93.50-94 next. But will this stop before new highs again? I'd think they'd want to run it down a bit in the overnight so it can smoke to another new high tomorrow. We'll see.

Look at the AAPL close on a 1-min. Very curious.