I'll start off this week's topic. I think it may be quite an exciting week, with all the European 'news' and potential for meltdowns and meltups.

I'll post a pic I just took here for fun. You big city folks should get an even bigger kick out of this than the rest. Here's a pic of my garage roof. It's not as green as it will be in the summer because we are still in 'winter' here. Even though the climate is somewhat moderate, we had snowflakes just yesterday. One might ask why don't we scrape it off? We do, it just grows back so fast it's crazy. Nothing like living in the rain forest.

Hopium springs eternal?

Now, caution is warranted here because it might just be a 1-2-tick stop run game on a chop day like today.

Point is, if they are going to run it into the close, it's now all set up for that, and we just see if they do it or not. If so, then one may still be positioned after having waited to see how it handled that tough spot.

Okay, I'm watching around 62.50-64.50 if they go for the new highs again. Otherwise, it could fade anywhere in here.

And if they really punched it up (not likely in the RTH) I'm looking around 66.75 (center of area, as usual).

Or they could just sell it off that new HOD and that's that...

Originally posted by jimkane

Okay, I'm watching around 62.50-64.50 if they go for the new highs again. Otherwise, it could fade anywhere in here.

here is chart behind the number... it assumes a 3-3-5 correction with abcd leg in second 3

Wow...just so I really see this, do you mind marking the 3's? This is too important not to make sure I get it....

So, I decided, for now, that I need to post links for articles on the economic situation. I just need to do it. But, that's what I created the economics section for. Hence, to keep this a trading thread, I'm going to go back to posting them in there. I also know that most will not even bother to check that section out. But, that's all I can do.

I read lots and lots and lots or articles per day. I post the most relevant, interesting, or useful, from my viewpoint. I'm the screener for 'the best of the best' of what I find. If you are interested, start following the economics section. And if you are not interested, in light of all that is unfolding, well, I'm not going to get into a lot of name calling, but maybe you should have your head examined.

Thanks for indicating interesting economic stuff, Jim. I follow
zero hedge regularly, but visit other, similar web sites only occasionally, so your links are of great use to me.

Originally posted by jimkane

So, I decided, for now, that I need to post links for articles on the economic situation. I just need to do it. But, that's what I created the economics section for. Hence, to keep this a trading thread, I'm going to go back to posting them in there. I also know that most will not even bother to check that section out. But, that's all I can do.

I read lots and lots and lots or articles per day. I post the most relevant, interesting, or useful, from my viewpoint. I'm the screener for 'the best of the best' of what I find. If you are interested, start following the economics section. And if you are not interested, in light of all that is unfolding, well, I'm not going to get into a lot of name calling, but maybe you should have your head examined.

Originally posted by jimkane

Hmmm, I just realized something. I am probably not going to get many, if any, thoughts or replies to my post. To do so would mean 'choosing sides', and I can see that few if any would want to do that. If they say I should 'enforce' my rules, then the person on the other end of that gets mad at them. If they say I should lighten up and let things slide, that may be perceived as going against me. I didn't realize this when I posted the above and asked for feedback, for help. I thought I was being as fair and upfront as I could be, trying to involve my readers and ask for help in a tough situation.

It just hit me now the situation we are all in. Hence, I guess, I'll have to decide. And I feel like no matter what choice I make I (and we) lose. If I say I'm just too stressed out and I'm leaning towards just locking the forum, I know I'll get e-mails begging me not to. I guess maybe the best thing I can think of is, if you have something to say on the issue, please send me an e-mail and let me know that way. At least I'll know where some people stand before I make my decision. Thanks.

Here is my two cents, unadjusted for inflation. I consider it a privilige to be a member of this forum and see how other traders do things, based on the Kane Trading Methodology. This forum is one of the most awesome things I have seen in this sham-filled world. IMO, one's health is of paramount importance, and I think it should be guarded carefully, if one is to maintain it. I say this as I face serious health issues of my own, caused, in good part, IMHO, by my sedentary lifestyle. I love the charts, and IMO, a picture is indeed worth "a thousand words." IMO, when the aggravation gets to be too much, it is a sign that one should put some distance between one's self and the source.



Sincerely,

Al Kamego