I'll start the topic for this week with this:

http://www.zerohedge.com/news/2013-04-12/eight-wtf-divergences

I'm expecting some great action, and always on the lookout for the 'top' to be in place. Here, early summer in the 1600's, year end at 2000, who knows. But I suspect it will be one of them. Maybe not. I'll just be reading the clues and finding the setups. That's what I do best, I think...

TD abcd in the BC leg.

90.89 = .886 of prior swing low

All I can say is gold and GDX hit my areas, areas that seemed insane just a short while ago. Now I think either they bounce, and bounce huge, or something very big is happening, and 'it's starting'. And it doesn't apply just to PM's.

On gold, I have a few things around 1125-50, and then a monster area around 900. There are quite a few key lines that hit around 1000 (but are slightly rising, so over time they will get higher). If they truly collapse this thing, that's where I'll be looking. Remember my fantasy, gold sub-1000.

Anyway, somewhere in here 'should' be it, but if say India 'takes away' the people's gold, something way more unfathomable to me than say aliens truly are visiting our planet and maybe even abducting people. It would be, culturally, just unfathomable. If it happened, gold could see sub-1000 if the powers that be want it so. I think gold being lower is 'necessary' so there can be no believable story about coming inflation or currency collapses. Then when people give up on it and 'believe', the collapse comes. Just my two cents.

As far as the ES goes, if this doesn't stop dropping in here then something much bigger may trigger. And it doesn't look like it plans to stop. How them puts I mentioned at the high area looking now?

I'm looking around 1550 on the ES.

I'm watching this 56.75 here, in case that was the final flush.

I still think this 'needs' to see 1550 today/soon, maybe 1548.

Let's hope it is different this time!

Originally posted by roofer

OFF TOPIC-since 1988, in 22 of the 24 springs, i have had crippling back blowouts where i can not walk for a few weeks( in one of the two that it did not happen, i broke my back!)always in the first cold spell after the first warm up.... that is tomorrow...i shall see.....