Okay, crew, let's kick some buttkowski this week.

the q's may be telling us something, but what? what's with amzn today....and aapl

all this churn so iwm could hit the number into the close? spot on

I'd like to think it all means a big drop is coming. But it likely means an endless series of grinding new highs, endlessly, until the universe winds down some tens of billions of years from now. I wonder what the Dow will be at then? Understand, everyone, I'm immensely frustrated, but not because I feel the action isn't tradeable. I think it's highly tradeable, among the best trading action I have seen.

I'm just frustrated because I know what this manipulation means, what it leads to, what it means for our country, our world, and us. I know what an endless unbalanced market means in the grander scheme of things, and it really, really upsets me. And it makes me cry for your kids and grandkids. That's why I am so frustrated.

Great charts today, rat. Great comments, too.

I doubt this will matter, but it is curious. One thing I can say, when this 'bull' ends, essentially no one will see it coming (for the simple reason that all bulls think it is different this time, and that the bull either will never end, or won't end for a long, long time). In other words, same old, same old.

http://www.zerohedge.com/news/2013-02-06/euphoria

thanks jim

Originally posted by jimkane

Great charts today, rat. Great comments, too.

Yeah, it's a lot better of a forum when you are adding so many nice charts, and including comments. The comments are a good addition to the chartwork.

Just for giggles I'm going to post this. I was working with a student and we found an interesting key area coming together at the 1503 area right at the European open. I doubt it will unfold, most of the time these things don't, but I thought I'd post it in case it meandered there at that time. It may start back up here at this TL, and that's that. Or it may sell and go through 1503 and keep going, long before the European open (yeah, good luck with that one...). Who knows. But if it's at 1503 at the European open, I'm going to take note of that.

Oops, my mistake, I got my time zones confused. The time for that 1503 area is 00:00 Eastern. The European open is 00:00 Pacific, my time zone. So, the time to hit that is in just under two hours, but it could happen even an hour earlier or so, so in under forty-five minutes. It seems right on track for it, too. So, we shall see. Sorry for the confusion, I just finished a nearly four and a half hour session, after the usual market work. I'm a bit loopy.

Now, if this keeps going down, it might hit around 1499 at the European open. I keep hoping for my 1490 area... But, it's probably done going down now...

Good Stuff jim thanks for posting!!